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GO GO CANNABIZ Pitch Deck - August 2019
- 2. 01 AN OVERVIEW OF THE PROBLEM 01. Ordering Methods Oklahoma dispensaries today are forced to place orders through email, telephone and even social media. This creates an environment ripe for compliance issues related to incorrect reporting, as well as extensive gaps in operational efficiency. 02. Exposure Due to corporate guidelines and federal regulation regarding advertising, cannabusinesses operating in compliance with state laws are still prohibited from utilizing digital and traditional methods often available to other businesses. 03. Data & Analytics With regulation and reporting still undefined, companies operating in the space are left to gather data manually. Many of the methods used are rudimentary and time consuming, leaving ample room for errors in aggregation and calculation.
- 3. 02 OUR SOLUTION The GO GO CANNABIZ app, available in desktop, iOS and Android provides cannabis companies and the businesses that support them with a solution to promote their brand, transact business and aggregate data for regulatory reporting in a verified online marketplace platform.
- 4. 03 GO GO ON THE GO Sign Up Shop Around Place Order Collect Rewards
- 5. 04 THE SIZE OF THE MARKET 30% 70% States With Marijuana Legislatio n 15 States Without Legal Cannabis There are currently only 15 states that have yet to pass some form of cannabis reformation. 35 States With Medicinal or Recreational Laws11 states have fully legalized cannabis use for adults including California, New York and Illinois. In total more than 200 million people across the U.S. live in states with some form of cannabis legalization. 6,425 Business Licenses Issued in Oklahoma As of July 29, 2019 $20MM + Monthly MMJ Sales in OK
- 6. KEEN TO BE GREEN U P D A T E D A U G U S T 0 1 , 2 0 1 9 The Oklahoma Green Run! Oklahoma is outpacing states such as Florida and Pennsylvania in the average number of patient licenses issued daily. By comparison the state population of Florida is 6X that of Oklahoma while Pennsylvania is 3X that of The Sooner State. Oklahoma leads both in average daily patient growth and amount of MMJ patients as a percentage of the total population. 05
- 7. 06 ACHIEVEMENT GOALS YEAR 1 $250K 400 1 $250,000 SUBSCRIPTION REVENUE Entering into the second year of operations, beginning May 2020, the goal for annual recurring revenue from subscriptions should top $250,000. 400 OKLAHOMA BUSINESSES At approximately 400 subscribers, the marketplace reaches the $250,000 annual revenue target. 1 ADDITIONAL STATE LAUNCHED Our goal is to finalize development of the product based on continued Phase One operations in Oklahoma, with a goal of launching into a secondary state by Q3 2020. MO
- 8. GO TO MARKET STRATEGY A phased introduction to the segmented U.S. cannabis market is planned with Oklahoma serving as the initial proof of concept market. A goal of 400 subscriptions by May 2020 has been established as a guideline prior to launch in additional states. EMAIL CAMPAIGN Each sign up to the application is automatically subscribed to our ongoing email marketing campaign. SOCIAL MEDIA Increased awareness through a cohesive message that is professionally managed. DIRECT SALES Direct outbound sales to licensed businesses and the ancillary product and service providers they rely on for their operations.. 07 TRADESHOWS Tradeshows provide a captive audience of B2B relationships ready to be cultivated for application subscription. @
- 9. PROJECTED REVENUE SOURCES IN-APP & NEWSLETTER ADS Customizable banner ads are available for licensed and supporting businesses to connect to marketplace participants. CUSTOM ORDERS Fulfillment of Custom Orders on the marketplace by contracted brokers provides opportunities for revenue on products not listed by subscribing Brands. BRAND SUBSCRIPTIONS Brands on the marketplace will be incur subscriptions based on tiered feature sets and number of retailers managed in app. RETAIL SUBSCRIPTIONS With loyalty incentives such as Cannabux and monthly promotions ,annual retail subscriptions will be introduced in the same fashion as a Prime membership with Amazon. SUPPLY CHAIN MANAGEMENT Management of the logistical process, from distribution through to delivery, present opportunities for revenue sharing with third parties or launch of direct order fulfillment. ORDER MANAGEMENT The agility of the GO GO CANNABIZ platform allows for direct 1 X 1 order management allowing brands to accept online orders for a low monthly subscription. 08
- 10. 09 OUR ASK The company is seeking to raise equity and/or debt financing from accredited investors in order to scale sales and client support operations, continue to develop industry differentiating functionality and provide a financial runway to deployment of the app to new markets. It is the goal of the company to acquire investment totaling more than $1MM in the next 8-12 months.
- 11. 10 HOW FUNDS WILL BE DEPLOYED 33% 40% 17% 10% Direct Sales InitiativesThe implementation of the Sales Playbook, based off initial direct sales efforts, will require a substantial investment. These funds will be used to contract and train an experienced sales force for outbounding efforts. Operations & SupportOngoing operations and technical support for the modular based software platform is estimated to cost approximately $1000 - $1500 per month in the current hosted scenario. Marketing Marketing efforts include social media, tradeshows, email and other forms of promoting the brand, as well as updates to existing and prospective users. Ongoing Development The second most capital- intensive endeavor relates to ongoing development of the software feature set in order to further enhance the UX.
- 12. BY THE NUMBERS U P D A T E D S E P T E M B E R 1 5 , 2 0 1 9 202 36 100+ 120+ RETAIL BUYER ACCOUNTS CONNECTIONS MADE Connections are made daily through the marketplace leading to mutually beneficial relationships and familiarity between business owners and operators. ACTIVE BRANDS Cannabis brands ranging from growers to processors and third party ancillary products continue to flow into the marketplace. PRODUCTS ON THE MARKETPLACE More than $50,000 worth of wholesale Oklahoma cannabis skus are available on the marketplace for delivery or pickup. Growers, processors, and dispensaries are all using the app to purchase products and services from verified sellers. 11
- 13. MEET OUR TALENTED TEAM Adam Belusko Director of Strategy Adam’s diverse background includes selling enterprise software for Dell as well as the development of a SaaS marketplace for the U.S. blood industry. DEV Partners Investment from our strategic partners, CannaSolutions and Blue Woods Technology provides valuable insight and resources that allow us to execute our go to market strategy efficiently and effectively. Zach WilliamsCo- Founder/President As a serial entrepreneur, Zach is most comfortable with the challenges of launching a new business. 12 Strategic PartnershipsWorking with a team of highly skilled development firms, we are consistently striving to introduce leading functionality to the cannabis industry.
Editor's Notes
- The approach taken by Oklahoma regulators has allowed businesses to enter the cannabis market relatively uninhibited to this point. With the launch of more staunch oversight looming, added pressure will become present as companies scramble to become compliant in what we assume will be a relatively short grace period. As more time is spent managing compliance, sourcing, procuring and logistics will inevitably become more important, leading to the further adoption of solutions such as GO GO CANNABIZ.
- Our simple and easy to understand approach to ordering provides dispensaries with an indispensable tool to help them manage all of their wholesale cannabis orders in one app.