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QWIKLEAF, LLC

World's First Click and Collect Cannabis Platform
INVEST

38dd10hh

Time left to invest

Minimum target reached (accepting oversubscriptions)

min$10k

max$1070k

funding goal 

Reg CF

exemption used 

$5,000,000

pre money valuation 

$300.00

min investment 

$21,600

amount committed 

31

investors 


Security Type
Convertible Note
20% Per Annum
$100 Per Unit of Convertible Note

Pitch

Who are we

QwikLeaf, LLC is a technology company bringing click-and-collect automation to the cannabis industry. We have developed the world’s first click-and-collect cannabis platform, the QwikCollect Platform.

 

Our growth and value come by bringing a needed segment (click-and-collect) to the cannabis market. We have strategized to profit from the success of cannabis retail stores increased sales and decrease in employee overhead from using our platform. Join in on the opportunity to legally profit from cannabis stores across the United States. Become part of revolutionizing cannabis sales!

Problem

PEAK DEMANDS

In the cannabis retail market, product delivery time is important to both customer and retailer. Cannabis store owners are forced to add additional employees to handle high demand sales periods. The biggest bottleneck on both the consumer and retailer-end of cannabis sales is the process of exchanging money for the product.

 

SALES

Wait time and long lines inside of cannabis stores result in lost customers and decreased sales for business owners. The number of products a cannabis merchant can logistically sell is constricted by the number of registers, staff available, and the speed in which they operate.

 

CUSTOMER SATISFACTION

Customers expect to be able to choose a check-out option that suits them best. Cannabis retail stores leave it nearly impossible to predict the amount of time required to get in and out with a purchase. Cannabis consumers want access to cannabis products as fast as possible. Cannabis retailers do not have the technological infrastructure to sell and dispense products efficiently to their customers.

 

Solution

 QwikLeaf LLC solves the problems faced by cannabis retail store business owners and consumers while remaining unaffected by ever-changing cannabis laws. We are a non-plant touching company that provides hardware and software solutions to plant-touching businesses. We have developed the first click-and-collect platform for cannabis sales. Using our custom hardware and software the QwikCollect platform provides cannabis retailers with faster sales times, safer transactions, and increased sales. 

 

The QwikCollect Platform is the first click-and-collect cannabis platform in the world. QwikCollect allows consumers to order online and pick-up their cannabis products at a dedicated locker or cube. The platform gives dispensary owners easier entry into the online space since it has more favorable economics than delivery. Our platform gives customers access to the products they want with little to no wait time. Customers can order online at home, and wait for notification of when their order is ready. QwikLeaf is pioneering this new format and developing tailored solutions for dispensary owners to win in click and collect.

 

As more cannabis retail stores open across the country, we are prepared to provide the technological infrastructure to add benefits of click-and-collect to each and every cannabis retail location possible.

Achievement & Traction

 We have custom manufacturing designs of the world's first click-and-collect cannabis hardware.

  • The QwikCube was custom designed by QwikLeaf and is unique to the entire industry
  • The QwikLocker is the first click-and-collect locker designed for cannabis sales

 

We have identified key opportunities to sell our platform to functioning and startup cannabis businesses.

 

We have formed an agreement with one of Michigan's largest legal retail cannabis stores to purchase and use our platform in their chain of expanding cannabis retail stores.

 

We are currently exploring options for entry into global markets including Canada and Europe.

 

We are positioned to partner with many established cannabis tailored e-commerce, loyalty rewards, point-of-sale, and seed-to-sale software companies. The possibilities for implementing additional features to our platform only adds to our value and growth as a technology company in the cannabis sector.

 

 

 Lastly, we are building a team of industry experts to help navigate our company to the best exit strategy possible. We have an anticipation to secure additional rounds of financing for growth with eventual maneuvering to an IPO or mini IPO.

Market

The Click-and-Collect Cannabis Market 

To date, cannabis has yet to gain mainstream adoption. The last barrier to mass market adoption will be removed when cannabis is recreationally legalized across all 50 states. Currently, 33 U.S. states have legalized cannabis to varying degrees. In the United States, over 24 million, or 9.9 percent of adults age 18-plus consume cannabis regularly, and 115 million (48.2 percent) report consuming it in their lifetimes. There were 2.4 million U.S. medical marijuana patients in 2018, up 71 percent from 2014.

 

 In many states cannabis stores are starting to outpace coffee and fast-food, for instance in Denver, there are more cannabis retail stores then McDonald’s, Burger King and Starbucks combined. The state of California currently has 358 licensed recreational marijuana stores with many more opening every month.

 

Large retailers like Target, Walmart, Kroger and Home Depot are using store pickup to lower costs, interact with customers, and drive growth. Using stores to fulfill e-commerce orders lets retailers increase their supply chain speed to their businesses.  Statistics show that 70% of U.S. shoppers have used some form of click-and-collect options when given the option in 2018.

 

Retailers are quickly adding purchase online, pick-up in-store technology. In 2018, Target launched its curbside pick-up service to 200 stores throughout the Midwest and the South. Walmart said it will expand in-store pickup options to 2,200 stores by 2019. Old Navy is counting on purchase online pick-up in-store technology to boost sales of its apparel along with fashion giant Zara which also has started implementing its own version of the technology.

Competition

Around the world click-and-collect technology is gaining traction fast within many brick-and-mortar stores. Large retailers are learning fast that it’s in their best interest to partner with a click-and-collect platform provider.

 

The cannabis industry is very unique, any new technology involving cannabis requires specific features and abilities to achieve usability, compliance, and acceptance within the market. e-commerce, point-of-sale, and inventory management software and hardware companies have all existed successfully for over a decade. With the legalization of cannabis sales has come a rush of successful start-up companies within these market segments. Few companies with relevant technology to the cannabis industry have decided to enter due to the risk in a conflict of interest with their current operating clients, partnerships, certifications, and contractual obligations.

 

Large corporations and businesses have yet to understand how best to integrate their products without facing financial pull-back on their existing ones.

 

Our primary competition are larger click-and-collect technology companies with access to capital for research and development into the cannabis industry.

 

We have plans to reduce the risk associated with potential competition by entering the market first and securing contracts with cannabis business owners and corporate chains. Many companies in the click-and-collect industry and other technology segments are waiting for cannabis to become federally legal before investing resources and capital.

 

We feel by entering the market first and evolving our products and software around the industry will give us a competitive edge in securing market share.

 

Currently, there are no click-and-collect competitors in the cannabis industry. Current competition has still yet to cross into the cannabis market leaving the opportunity for first-mover advantage.

Business Model

Profits from QwikLeaf are generated from the sale of our custom software and hardware platform known as the QwikCollect Platform. Revenue generation from the sale of the QwikCollect platform breaks down as follows below.

 

Software Licensing.

  • Monthly / Yearly Software Licensing Fees. Business owners will be charged for their use of our custom developed QwikCloud software application. Subscriptions will include yearly discounts.

 

Hardware Sales.

  • QwikCollect Hardware. Our custom designed click-and-collect hardware will be sold to cannabis business owners. We currently have three products that will enter the cannabis market: The QwikCube, QwikLocker, and QwikKiosk.

 

Partnership. 

  • Strategic partnerships with e-commerce, loyalty rewards, point-of-sale, inventory management, and many other technology sector leaders will allow us to gain value and add additional revenue to our business model.

 

Team

 

Neil Biafore, CEO

 

 

 

Neil Biafore is QwikLeaf’s founder and Chief Executive Officer. As head of the company, Neil is responsible for all of the company’s sales and operations, including end-to-end management of QwikLeaf's software development, manufacturing activities, and service and support in all markets.

 

Prior to founding QwikLeaf, Neil was a Digital Media Specialist for Tweddle Group Inc. and was responsible for instructing software engineers, product development teams, and external (Big Three, automobile manufacturers) companies to produce some of the world’s first in-vehicle touchscreen manuals, guides, and other helpful vehicle resource information.

 

Previous to his work as a Digital Media Specialist, Neil was a Lead Technical Author, writing removal and installation manuals for Nissan Automotive mechanics on newly produced vehicles. Specializing in electrical components and materializing raw disassembly procedures into structured readable content. Neil has a vast knowledge and exposure to Tier 1 supply-chain development, from working on prototype vehicle schedules to visiting production plants for quality and accuracy.

 

Neil is currently assisted by an expanding team of experienced professionals trained in engineering, software development, finance management, and the cannabis industry.

 

Use of Funds

 

 

Updates

Neil Biafore
Neil Biafore2 days ago

Investor Update:


On February 15th, 2019, QwikLeaf was contacted by a CBD distributor with an exclusivity agreement offer with one of the United States most popular CBD and cannabis product manufacturers. We intend to finalize the agreement by early March, 2019. A detailed update will be coming soon.

 

Sincerely,
Neil Biafore
CEO | QwikLeaf
investor@qwikleaf.com

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Q&A


You must be logged in to be able to post a question.

Jeff Park
Jeff Park - Investor7 days ago
Why do you only show mock-ups of your products? Do you actually have all products developed and ready for deployment? Do you currently have partnerships with all companies listed in the Business Model section?
Neil Biafore
Neil Biafore - Issuer    
Hi Jeff,

We have proprietary manufacturing designs of our hardware products. A portion of funds will be used to manufacture the QwikCollect platform hardware for quality analysis and user acceptance testing. We do not have partnerships with all of the companies listed in the Business Model section. The companies shown are cannabis technology leaders and potential partners that we are actively building business relationships with.

Sincerely,
Neil Biafore
CEO | QwikLeaf
investor@qwikleaf.com

5 days ago
Jeff Park
Jeff Park - Investor   
So you don't even have an MVP yet?? Proprietary manufacturing designs?? All you have is an idea yet you slap on a $5mm valuation. No thanks....

yesterday
Sagar Patel
Sagar Patel - Investor4 days ago
How do you reach $5 Mil Valuation when you don't even have Prototype or IP or any other revenue generating method? Also, the minimum amount is too high i.e. $300 to invest. I might have invested if it would have been $100. Overall, i agree on everything you are targeting and pitch is very good but i am just not ready to invest $300 at $5 Mil. Valuation with no strong point!
Neil Biafore
Neil Biafore - Issuer    
Hi Sagar, 

Our valuation was performed independently based upon company provided information combined with market-industry data. The valuation is based on 5 different valuation models, 2 based on qualitative assessment (named Scorecard and Check-List) and 3 based financial projections (namely: VC method, Discounted Cash Flows with Multiples, and Discounted Cash Flows with Long-Term Growth).

QwikLeaf’s intellectual property consists of software and hardware plans including data flow diagrams, wiring schematics, CAD drawings, and designs for manufacturing. Relevant patents, copyrights, trade secrets and trademarks will be initiated with a portion of the funds.

Revenue generation will come from multiple streams. The most profitable being revenue generated from software fees that are calculated based upon the number of products sold via the QwikCollect platform. QwikLeaf has secured an agreement with a legal cannabis dispensary located in Detroit, Michigan to deploy the QwikCollect platform. Revenue will be generated from monthly subscription fees along with a percentage of sales from the platform. With interest growing fast and no industry competition, we have plans to gain entry into cannabis stores across the United States at a fast pace.


Sincerely, 
Neil Biafore 
CEO | QwikLeaf 
investor@qwikleaf.com

2 days ago
Monique Emerson
Monique Emerson - Investor2 weeks ago
Greetings,
I have submitted my information and received via email my investment commitment. Once I logged into fundanna it informs me that my investment is still pending/waiting for payment.

I am not sure where I need to go to submit my payment information. Going through the process, I do not remember being prompted to submit my banking information.

If you can please direct me in resolving this matter, it would be greatly appreciated.

Thank you
Monique


Tom Reynolds
Tom Reynolds - Investor   
Hi - could you explain in layman's terms the security type were buying? I understand a convertible note (converts to equity at a later date). is 20% per annum a preferred return ?

Thanks,
Tom

2 weeks ago
Neil Biafore
Neil Biafore - Issuer    
Hi Monique,

We have received your investment successfully.


Thank you,

Neil Biafore

CEO | QwikLeaf, LLC

support@qwikleaf.com




a week ago
Neil Biafore
Neil Biafore - Issuer    

Hi Tom,

The purchase price for each Convertible Note is $100 with a minimum purchase of $300 for three Units. Each subscription consists of a 20% Convertible Note that matures twenty-four months from the date of issuance, it is convertible at a 15% discount into the public market paying interest thereon from the Closing Date, at the rate of 20% per annum, payable at maturity.


For example, investing $1,000 now will give you 10 units. Each year the investment will grow 20%, that is after the first year your holding will be valued at $1,200, then, at the end of the second year it will be valued at $1,440 (that was the 20% interest). Now at the maturity date (24 months after closing), let's assume that the price for a share of common stock will be $10. Because the 15% discount, your investment will be converted at $8.5 per shares (instead of $10), that is your $1,440 note will get converted into 169.411 (1,440/8.5) shares of common stock. In the same scenario, if you would have waited to buy the shares after the two years’ period (staying with the same example of $10 per share at that time) the $1,000 invested would buy only 100 shares.
 
Sincerely,

Neil Biafore

CEO | QwikLeaf, LLC
invest@qwikleaf.com

 

 


a week ago
Angel Ingram
Angel Ingram - Investor2 weeks ago
The current market does not allow the use of credit cards or other bank instruments to purchase cannabis. How is a customer going to pay via online?  The methods of exchange for cannabis products is cash. How or what methods are these machines going to be able to accept without violating U.S.federal banking laws?
Neil Biafore
Neil Biafore - Issuer    

Hi Angel,


We are working with third-party payment processing companies to successfully implement our platform. Processing debit and credit transactions is still very new for the cannabis industry. Solutions do currently exist for cashless payments on cannabis sales. Many cannabis businesses are already accepting cashless payments. Recently, a cashless payment processor for cannabis businesses was accepted into the Apple and Android app store. Greenbox Robotics is a good example of a cannabis technology company successfully accepting cashless payments. Additionally, under the Farm Bill, Hemp / CBD products can be sold using traditional credit and debit card payment.

We feel confident as cannabis legalization continues, more and more options will become available for cashless payments.

Sincerely,

Neil Biafore

CEO | QwikLeaf, LLC

support@qwikleaf.com


2 weeks ago

Documents

Other Disclosures

Read the Form C filed with the SEC for other important disclosures, like financial statements, Directors, Officers, shareholders with more than 20% of voting rights, and more.
Irregular Use of Proceeds
The Company may make Irregular Use of Proceeds. Such Irregular Use of Proceeds, which may be in material amounts in excess of $10,000, may include by way of example and not limitation: Vendor payments and salary made to management, business associates, relatives, related parties and/or affiliates thereof; expenses labeled "Administration Expenses" that are not strictly for administrative purposes; expenses labeled "Travel and Entertainment"; and expenses that are for the purposes of intercompany debt or back payments.

Without limiting the above, the Company may elect to vary from the proposed use of funds as circumstances or assessments of circumstances following the closing change.
Special Note Regarding Forward-Looking Statements
This offering contains forward-looking statements within the meaning of the federal securities laws. We caution investors that any forward-looking statements presented in this offering, or which management may make orally or in writing from time to time, are based on the Company’s beliefs and assumptions made by, and information currently available to, the Company. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions, which do not relate solely to historical matters, are intended to identify forward-looking statements. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties and factors that are beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. While forward-looking statements reflect the Company’s good faith belief when made, they are not guarantees of future performance. The Company expressly disclaims any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this offering may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publically release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.
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