Form D To Observe: General Cannabis $3.00 million Financing. Robert Frichtel Submitted Oct 5 D Filing

General Cannabis Corp - Robert Frichtel

General Cannabis Financing

General Cannabis Corp, Corporation just submitted form D announcing $3.00 million debt financing. This is a new filing. General Cannabis was able to sell $3.00 million. That is 100.00% of the offering. The total private financing amount was $3.00 million. The financing form was filed on 2016-10-05. The reason for the financing was: $384,000 of the proceeds shall be used to pay off the issuer’s debt to directors and officers..

General Cannabis is based in Colorado. The company’s business is not disclosed. The SEC form was filed by Robert Frichtel Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 6565 East Evans Avenue, Denver, Co, Colorado, 80224. Robert Frichtel is the related person in the form and it has address: C/O 6565 E. Evans Avenue, Denver, Co, Colorado, 80224. Link to General Cannabis Filing: 000138713116007288.

Analysis of General Cannabis Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. General Cannabis sold 100.00% of the offering. Could this mean that the trust in General Cannabis is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 1.64% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies raise funds for different reasons and needs. The minimum investment for this offering is set at $25000. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For General Cannabis Also

The Form D signed by Robert Frichtel might help General Cannabis Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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