What’s New with Cocannco: July 2023

Summary of Updates

• Cocannaco has an opportunity to be public much sooner than anticipated

• We’re raising $500,000 to acquire a publicly traded company

• Clearly California is growing quickly with our help 

We found the solutions to the two biggest challenges for Cocannco

When it comes to Cocannco’s success in the cannabis industry, the two most significant challenges we have run into are:
(1) being a startup and (2) shareholder liquidity. 

Problem #1: Being a Startup

Being a startup in any industry comes with many challenges, but startups in cannabis have the added challenge of federal prohibition, which also means throttled ability to raise funds. However, established cannabis companies with operations and revenues are much more acceptable to the investing public.

Our Solution: Clearly California

Getting over that startup hump is difficult, but Cocannco’s first target investment company, Clearly California, is now a proven and profitable business with a model ready to scale. (More updates about Clearly California are below.)

Problem #2: Shareholder Liquidity

Until Cocannco becomes a publicly traded company, shares are not liquid and cannot be easily traded. Cocannco has been pursuing publicly traded status through a Regulation A+ offering, which will qualify us to raise capital from both accredited and non-accredited investors. This offering takes time, and then the company must list on a trading platform to enable the stock to be traded publicly. However, other ways exist to become a publicly traded company more quickly.

Our Solution: Acquire an Existing Publicly Traded Company

With a reverse merger, a private company like Cocannco can acquire a publicly traded company with little to no operations already listed on a stock exchange. The private company then assumes control of the public company, effectively taking Cocannco public without going through the OTC registration process.

The opportunity for publicly tradeable Cocannco shares

The great news is that an opportunity for Cocannco to acquire a publicly traded company has arisen. We already have pledges for $175,000 of the $500,000 needed to acquire the company and immediately be public. 

With your support through our Reg D 506(b) offering, we can raise the remaining capital required to acquire the public company and be public much quicker than planned. This offering is available to a limited number of nonaccredited investors on a first-come, first-serve basis.

You can read more about this opportunity here. 

Clearly California Update

Clearly California has begun scaling by expanding its sales capabilities. The Twin Fin and the topical rub are the two most popular products. The brand recently hired the sales team, began using a statewide distribution company called Rukli, and is considering opening the door to other sales groups in California. Read more about what’s new with Clearly California here.

Contact us for more information about how you can support Cocannco in going public.