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Cann-Ade Corp.

11/13/2024 | Press release | Distributed by Public on 11/13/2024 14:50

Offering Statement under Regulation A - Form C

FORM C UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL


FORM C

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Form C: Filer Information

Filer CIK:
0001954714
Filer CCC:
XXXXXXXX
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Submission Contact Information

Name:
Phone Number:
Contact E-Mail Address:
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Form C: Issuer Information

Issuer Information

Name of Issuer:
Cann-Ade Corporation


Legal Status of Issuer:

Form:
Corporation


Jurisdiction of Incorporation/Organization:
NEVADA


Date of Incorporation/Organization:
11-27-2019


Physical Address of Issuer:

Address 1:
2598 E. Sunrise Blvd. Suite 2104


City:
Fort Lauderdale


State/Country:
FLORIDA


Mailing Zip/Postal Code:
33304


Website of Issuer:
https://www.cann-ade.com/


Intermediary through which the Offering will be Conducted:
CIK:
0001725012


Company Name:
StartEngine Primary, LLC


Commission File Number:
008-70060


Form C: Offering Information

Offering Information

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:
7 - 13 percent


Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:
Three percent (3%) of securities of the total amount of investments raised in the offering, along the same terms as investors.


Type of Security Offered:
Common Stock


Target Number of Securities to be Offered:
6976


Price:
2.15000


Price (or Method for Determining Price):
N/A


Target Offering Amount:
14998.40


Maximum Offering Amount (if different from Target Offering Amount):
617998.15


Oversubscriptions Accepted: Yes No
If yes, disclose how oversubscriptions will be allocated:
Other


Provide a description:
At issuer's discretion, with priority given to StartEngine Owners


Deadline to reach the Target Offering Amount:
02-12-2025


NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:
5


Total Assets Most Recent Fiscal Year-end:
58391.00


Total Assets Prior Fiscal Year-end:
168230.00


Cash and Cash Equivalents Most Recent Fiscal Year-end:
0.00


Cash and Cash Equivalents Prior Fiscal Year-end:
108959.00


Accounts Receivable Most Recent Fiscal Year-end:
81.00


Accounts Receivable Prior Fiscal Year-end:
0.00


Short-term Debt Most Recent Fiscal Year-end:
24342.00


Short-term Debt Prior Fiscal Year-end:
21946.00


Long-term Debt Most Recent Fiscal Year-end:
0.00


Long-term Debt Prior Fiscal Year-end:
0.00


Revenue/Sales Most Recent Fiscal Year-end:
282104.00


Revenue/Sales Prior Fiscal Year-end:
171918.00


Cost of Goods Sold Most Recent Fiscal Year-end:
100678.00


Cost of Goods Sold Prior Fiscal Year-end:
39048.00


Taxes Paid Most Recent Fiscal Year-end:
0.00


Taxes Paid Prior Fiscal Year-end:
0.00


Net Income Most Recent Fiscal Year-end:
-72014.00


Net Income Prior Fiscal Year-end:
-106795.00


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ALABAMA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ALASKA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ARIZONA


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ARKANSAS


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CALIFORNIA


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COLORADO


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CONNECTICUT


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DISTRICT OF COLUMBIA


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DELAWARE


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FLORIDA


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GEORGIA


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HAWAII


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IDAHO


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ILLINOIS


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INDIANA


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IOWA


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KANSAS


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KENTUCKY


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LOUISIANA


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MAINE


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MARYLAND


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MASSACHUSETTS


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MICHIGAN


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MINNESOTA


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MISSISSIPPI


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MISSOURI


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MONTANA


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NEBRASKA


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NEVADA


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NEW HAMPSHIRE


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NEW JERSEY


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NEW MEXICO


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NEW YORK


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NORTH CAROLINA


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NORTH DAKOTA


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OHIO


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OKLAHOMA


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OREGON


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PENNSYLVANIA


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PUERTO RICO


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RHODE ISLAND


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SOUTH CAROLINA


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SOUTH DAKOTA


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TENNESSEE


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TEXAS


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UTAH


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VERMONT


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VIRGINIA


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WASHINGTON


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WEST VIRGINIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WISCONSIN


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WYOMING


Form C: Signature

Signature

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.
Issuer:
Cann Ade Corporation


Signature:
Benjamin Daniel Mogul


Title:
CEO, Principal Accounting Officer, and Director


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Benjamin Daniel Mogul


Title:
CEO, Principal Accounting Officer, and Director


Date:
11-13-2024