Company Overview

Company name: PenSimple
Description: Manufacturer of cannabis accessories intended to offer a herb grinder and portable storage accessory. The company’s portable accessory can store, grind and dispense cannabis with the press of a button, enabling users to grind herbs, save time and reduce efforts.
Year founded: 2016
Parent company:
Industry: Consumer Products and Services (B2C) | Group: Consumer Durables | Code:
Website: www.getpensimple.com
Employees:
City: Boulder
State: Colorado
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million): 0.41
Business status: Generating Revenue
Ownership: Privately Held (backing)
Exchange:
Ticker:
Revenue (USD Million):
Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA):
Fiscal period:
Financing Status: A 16.60% stake in the company was acquired by Target Capital for $340,000 of financing on June 04, 2018, putting the company’s pre-money valuation at $1.771 million. The funding will be used to continue to advance products through its development pipeline to commercial sales, broaden its distribution network as well as increase its marketing and sales budget for the PenSimple product.
Number of active investors:
Profile last updated: 08-Sep-2018
Last known valuation: 2.05
Last known valuation date: 04-Jun-2018