We are the only digital banking solution permitted by the FDIC, NCUA, and IRS in the delivery of banking (not simply payments) services to cannabis customers. his exclusive position is further protected by the stated position of these regulatory agencies not to evaluate issuing equivalent permissions to other market players until they meet equivalent standards to Left Coast and they have confidence in the compliance performed on the industry. As such, you will be a stakeholder in a company with a significant market advantage and more robust regulatory relationships and support, pointed at the hugely underserved market that is cannabis banking. Additionally you have the confidence of investing in the team with the deep competence in compliance, strong industry relationships and the integrity and credentials to survive the aggressive vetting and due diligence associated with inclusion in federally regulated banking. As part of our company you can expect us to leverage this advantage with rapid state-to-state market acquisition and the ongoing expansion of services that are made available by our unique position in the banking marketplace. Your returns will be commensurate with the value creation in our company, and our job as executors of that value will be to ensure the best possible landscape of opportunities as regards exit through acquisition or income from dividends and payouts. This is a ground floor opportunity that has been significantly de-risked with execution and an expectation for a many-multiples return on your investment.
Left Coast's products are
- Cash in transit
- Demand Deposit account
- ACH, Wire, and Checking payments
- Financing
- Mobile Wallet and Payments
Our customer growth rate is currently 1-2 account openings per week with an obtainable market of 700 customers and yearly revenue at $7.3m in just Oregon alone. The raise will be used for marketing and customer acquisition in Oregon as well as expansion into the other cannabis recreational markets of CA,WA,MI,CO,IL,ME,MA, and AK.
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