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Logo of Drop Delivery

Drop Delivery

Empowering cannabis companies to deliver more and worry less
Latinx Founders Women Founders B2B Coming Soon AAPI Founders Stock Purchase Agreement (SPA) Cannabis Equity SaaS
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$220,550
Total reserved
453
Reservations
Reserve your spot now to ensure you can invest when Drop Delivery starts the offering.
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$150 minimum reservation
Pitch Discussion 43 Updates 2 Reviews 5
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by Drop Delivery Inc..
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Hear from some of the 453 reserved investors in Drop Delivery


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$500K+ revenue
Company had over $500K in revenue in the past 12 months
  • Founders have a successful exit with a previous cannabis startup in 2019
  • The only all-in-one delivery management software for cannabis retailers
  • Profitable with $94K+ in MRR and a $1M+ run rate as of 2/1/22
  • 219% YoY revenue growth, 204% MRR YoY growth, $1800 ARPA
  • $44M+ in GMV transactions and over 351K+ successful deliveries all time
  • Oversold our initial crowdfunding raise at max of $1.07M in 2020 in 6 weeks
  • Featured in Forbes, Entrepreneur, Benzinga, Yahoo! Finance, and more

Problem


The cannabis industry has unmet software needs

Using multiple software solutions poses huge financial & operational problems for cannabis retailers

—

Traditionally, dispensaries and delivery companies have had no choice but to use multiple software platforms to run their day-to-day operations. This fragmented software stack creates silos and inefficiencies that lead to higher costs, operational inefficiencies, compliance risk—and ultimately, loss of revenue from a poor customer experience.

Solution


The cannabis industry’s first and only all-in-one delivery management solution

Drop Delivery empowers cannabis businesses to deliver more and manage less. We provide retailers with the essential tools to take control of their business—with customized e-commerce solutions, cannabis-specific delivery logistics, compliance reporting, powerful integrated marketing tools, and inventory management all built-in.

We are the industry’s only, all-in-one, turnkey delivery management solution that offers all of these services and tools in one single easy-to-use platform.

Product


Drop Delivery increases retailers' revenue

by streamlining operations and decreasing cost

—

Our platform offers advanced technology that allows businesses to manage inventory, dispatch, driver logistics, marketing tools, digital loyalty programs, and built-in retention tools.

Actionable data helps our clients drive personalized marketing campaigns, smart deals, and promotions—all from their own white-labeled mobile app.




Traction


Drop is a profitable and fast growing SaaS company

We've seen 219% YoY revenue growth and 204% YoY MRR growth from $27K to $82K.

Since our launch, we have clients in 6 states and 2 Canadian provinces, raised $1.1M, launched 5 new products, and established 4 strategic partner integrations. As of Jan 2022, over $44M of Gross Merchandise Volume has been processed on our platform. We've seen 351K+ Drop Deliveries completed with over 351K+ registered users.

Customers


More revenue, less stress

Our primary goal is to help businesses grow and succeed. Our unique software is designed to help cannabis retailers in particular achieve higher profit margins under the existing regulations surrounding cannabis, while streamlining operations and increasing customer retention.

So far, our clients have praised our platform for giving them higher average order values, decreased stress, and increased customer retention.

Business model


Strong revenue growth driven by a robust SaaS model

Through our SaaS model, we offer monthly tiered subscription pricing and charge a service fee of $0.99 per order. In addition, we sell add-on marketing packages and services.

With this unique revenue model, we've seen over 219% YoY revenue growth and have increased our MRR from $27k to $82K in one year.


Market


The cannabis industry is exploding

The global legal marijuana market size is expected to reach $145B by 2025, with $41B of that in the US alone. 44 states, plus the District of Columbia, have passed laws legalizing marijuana in some form—and in 2021, 60% of retail cannabis purchases were delivered.

Competition


Drop Delivery is a first-to-market, all-in-one solution

Drop Delivery is the first all-in-one platform designed to help cannabis retailers sell cannabis products, handle inventory management, all while offering a best-in-class delivery experience to their customers—and staying compliant with regulations.

Our powerful platform offers every feature needed to maintain complete control over every aspect of the order and delivery process. We also provide automated marketing tools and data insights for our clients, to help them better understand their business. 


Vision and strategy


On a mission to change the future of delivery

We aren’t just focusing on cannabis retailers. Our aim is to empower SMB retailers globally in other industries to use the power and efficiency of on-demand and delivery technology as part of their day-to-day business. 

Funding


$1.1M raised to date,
looking to expand

We had a successful and oversubscribed crowdfunding raise in 2020, raising $1.1M from over 1.9K+ backers. We used this raise as an opportunity to prove product-market fit and more than triple our revenue.

We are now raising funds to support our strategic expansion into new markets, grow our team, and continue to build out new features and products. 


Backed by industry experts


We're advised by industry experts, including the creators of some of the biggest brands in the cannabis space—MJ Freeway, House of Saka, and Akerna, the first cannabiz listed on Nasdaq (KERN). Our advisors know how to build and scale a successful and profitable business in this unique sector.

Founders


A winning team




The Drop Delivery founding team has a track record of wins in the cannabis industry, e-commerce, and mobile app building, with a successful acquisition under their belts. 


$

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by Drop Delivery Inc..

About Drop Delivery

Legal Name
Drop Delivery Inc.
Founded
Jun 2019
Form
California Corporation
Employees
15
Website
dropdelivery.com
Social Media
Headquarters
Google Map location of of Drop Delivery
2554 Lincoln Blvd #405 , Venice, CA
Headquarters
2554 Lincoln Blvd , #405, Venice, CA, United States 90291

Drop Delivery Team
Everyone helping build Drop Delivery, not limited to employees

Profile picture of Vanessa Gabriel
Vanessa Gabriel
CEO & Co-Founder
This 29-year old serial entrepreneur created three startups in college before she co-founded Greenlight Technologies (sold to Leafbuyer in 2018 after only 9 months of operation). Vanessa is a notable female founder and AAPI in the cannabis space.
Profile picture of Marc Lopez
Marc Lopez
CTO & Co-founder
Serial entrepreneur. Marc co-founded Greenlight Technologies, an order-ahead and digital loyalty software in the cannabis industry acquired in 2018 by publicly-traded Leafbuyer Technologies; he co-founded two vape software companies in 2015.
Profile picture of Jade Gabriel
Jade Gabriel
CPO & Co-founder
Award winning UI/UX designer. Jade has led product teams for social streaming, fashion, mobile commerce, and cannabis. Her products have grossed over $65 million in sales transactions.
Profile picture of Quincy Taylor
Quincy Taylor
Sales Director
Quincy has 6+ years of experience in the cannabis industry from managing dispensaries to selling software.
1 more team member
Vanessa Gabriel
CEO & Co-Founder
Marc Lopez
CTO & Co-founder
Jade Gabriel
CPO & Co-founder
Quincy Taylor
Sales Director

Press

Vanessa Gabriel In Forbes Next 1000 Class
Forbes

The Forbes Next 1000 list comprises the upstart entrepreneurs defining the American Dream.

Being An Essential Business During The Pandemic
Forbes

“With mountains of regulations and rules, as a multi-faceted tech platform...we were able to support our clients.”

The Women Executives Powering Cannabis Tech
GreenEntrepreneur

Are cannabis and technology the great equalizer for women founders and the C-suite?

Drop Named "40 Under 40" - Marijuana Venture
Marijuana Venture Marijuana Venture

The trio of Drop founders may be under 40 but they started their entrepreneurial journey together more than a decade ago.

A Tech Startup Built The Solution They Were Looking For
Green Entrepreneur

Crowdfunding is "aligned with who we wanted as shareholders, and who those shareholders would be in the future."

The potential for cannabis delivery in New York
Business Insider

When New York's cannabis market comes online, it will be in urban centers and rely on fast, quality delivery service.

Drop Launches White-Labeled e-Commerce Web-Based App
Benzinga

"We looked at what some of the largest e-commerce apps and platforms do to give their customers great user experiences."

Visibility Through Community | Rolling Stone Culture Council
Rollingstone

Entrepreneurial success is very often a matter of timing and luck. Or lucky timing. Such was the case for Vanessa Gabriel.

Top Tech Answers To Legalization, Challenges & Consolidation
Benzinga

"One key challenge has been around third-party providers. This industry’s perception is high-risk."

Cannabis Industry Breakthrough Raises $1 Million in 7 Weeks
Businessofbusiness Businessofbusiness

How Drop's CEO went from 19-year-old serial entrepreneur to cannabis industry breakthrough. Plus, the future of delivery.

Getting The Drop On Delivery
Marijuana Venture

The team had a vision about what was next for the industry. "We knew that delivery was going to be the future of cannabis."

Big Tech's Mixed Messaging Won't Slow Legal MJ Brands
Rolling Stone

"Google will likely follow suit with Apple and change its guidelines" and increase demand for advanced e-commerce tech.

Living In the Age Of Cannabis Delivery On Demand
Benzinga

Drop featured in the rise of cannabis delivery companies and the ancillary services that power them.

Drop Delivery on Thinking Outside The Bud
Thinking Outside The Bud Thinking Outside The Bud

Vanessa is the founder of multiple startups and now the Co-founder and CEO of Drop Delivery, an all-in-one compliant SaaS...

Drop answers "Why do we need cannabis banking?" (Women Grow)
Profiles in Legalization

“Prohibition impacts what we are able to design and bring to market, and fragments the way our clients have to do business.”

Drop Talks Blunt Business on Cannabis Radio
Cannabis Radio Cannabis Radio

The Drop founder discovered an unmet need for an integrated mobile platform that aggregates several front-end processes.

SAFE Banking Act to be Reintroduced in Congress
Cannabis & Tech Today

It will allow Drop "to partner with digital payment providers. Digital and cashless payments are game-changing.”

Cannabis Movers & Shakers: Drop Forms Advisory Board
NewsBreak

Drop Delivery appointed Jessica Billingsley, Kristin Jordan, and Cynthia Salarizadeh as its inaugural members.

Capitalizing on cannabis drives Eberhardt alumna entrepre...
Eberhardt School of Business

When Vanessa Gabriel '14 started college she definitely had entrepreneurial aspirations but wouldn't have predicted then ...

Women in Cannabis Panel By Women Grow & Curaleaf
YouTube

A live recorded conversation about the importance of supporting women in the cannabis industry.

Vanessa Gabriel, CEO at Drop Delivery
YouTube

Vanessa is the founder of multiple startups and recently exited her first cannabis venture - Greenlight Technologies Inc.

Mark Lopez Talks To Elevate Your Grind/Cannabis LAB
YouTube YouTube

"We’re focused on making the data work for our clients. We automate a lot of things to make their job easier."

Show all

FAQ

Does Drop intend to stay private, plan to IPO, or hope to be acquired?

Does Drop intend to stay private, plan to IPO, or hope to be acquired?

We are open to all scenarios for an exit and hope to maximize the opportunity for our shareholders when the situation arises.

Who are your competitors in the market?

Who are your competitors in the market?

While we don’t have any direct competitors there are other companies that provide niche services such as just SMS marketing, or last mile logistics, etc. No other company offers our exact suite of services.

What’s the makeup of your software being used in bigger name companies vs smaller companies?

What’s the makeup of your software being used in bigger name companies vs smaller companies?

A majority of our clients are small to medium sized businesses but we also have some enterprise clients as well. 

Why is the Apple App Store news so big for Drop?

Why is the Apple App Store news so big for Drop?

Apple recently overturned a ban on cannabis delivery apps with a commerce element. Our clients can now have a commerce app featured in the App Store for download by iPhone users. 


This allows us to expand the Drop experience onto a native platform. We can use our previous experience with building native apps and combine that with our current best-in-class e-commerce experience, which gives us a huge advantage over competitors. 


We’ve always been mobile-first, we have data that no one else has.

You say Drop is a delivery management platform, and it’s also a delivery growth platform. Can you explain?

You say Drop is a delivery management platform, and it’s also a delivery growth platform. Can you explain?

Our platform’s features and functions support a company’s growth in numerous ways. 


For instance, a client can grow their customer base by allowing users to refer friends for rewards in our digital loyalty program. That word of mouth marketing, people telling their friends, is especially priceless for cannabis companies that are restricted in their advertising. 


Then our loyalty program goes on to help the client retain those customers.  


Our new Drop Kit mobile inventory feature allows a dispensary to extend the territory it covers, serving customers in more areas. 


The platform also allows businesses to grow into the business they envision. As one of our clients told us this year, “With Drop I can take over the whole state. I always envisioned expanding my delivery service to offer state wide service but I knew it would take so many dispatchers to handle all those calls and that has been my main barrier to expansion, I don’t know where to set up a call center and that could cost me and $2K/week. With this app we’re going to be able to take over the state.”

Still have questions? Check the discussion section.

Discussion

Ask questions and share feedback with the Drop Delivery team below. If you have support related questions for Republic, please contact [email protected].
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