Good day,
I'm excited to list a summary of the current state of affairs with Charlies' Pharmers Market (CPM).
After a long 2+ years, we finally got our LICENSE!!!
This speeds everything up and now our company is in a very strong position to jump start our next phase.
With that being said, now that we have our commercial cultivation license approved and in hand, we can get to revenue generation as early as Summer 2024. We are looking at two options here:
1. Equity Buy-in 1M in exchange for 10%
2. Debt Facility 2 year term. Interest paid out on months 12 and 24. Interest rate is negotiable.
Below contains the following documents:
1. 1M Series A Investor Deck (3% has been sold already for 300k)
2. Our OHIP Challenge
3. Our License (The full revealing of the document will be available as a condition for anyone serious about this)
Here are some basic numbers to help get the general snapshot:
- 120 days to build out our EComm Portal and start onboarding patients (Immediate revenue generating)
- Goal is to land 1500 patients by the time our portal is ready. (that equates to revenue of 1.3M per year at full ramp). Our target is to onboard 5000+ patients into our online portal + 5000 patients per store location (That equates to 3M in each revenue channel)
- Install the security system into Location #1 so we can submit the application for the Retail License (separate from our Grow License)
- Complete store build out by end of 2024
A site visit to our Commercial Grow and our first retail location build out (both in Hamilton, Ontario) can be arranged with notice.
Prospectus Package will also be available should there be an expression of interest.
Please feel free to reach out should you have any further questions.
Thank you,
Chris Chetty
Co-Founder
Charlie's Pharmers Market
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