Tag: RegCF

Cannabis Companies Can Raise Money Using Credit Cards with KoreConX Technology

Whether these companies are using RegA+, RegCF or RegD, they are now able to accept investments via credit cards from investors using KoreConX All-In-One Platform, without the abusive high fees normally charged from companies in this sector

 

NEW YORK, October 17, 2022 (Newswire.com) – KoreConX’s innovative approach to the cannabis ecosystem enables companies to raise money by accepting credit cards. It sounds like a simple solution, but it can actually revolutionize how the sector operates. Using the exemptions of Regulation A+, Regulation CF or Regulation D, companies can easily turn their customers and brand advocates into shareholders.

KoreConX has enabled credit card acceptance and escrow providers in their platform, ending the issue of high fees that were traditionally charged from this sector due to a perceived higher risk and lack of nationwide legalization, especially in the USA. Although legal for medicinal and adult recreational use in some states, there are still obstacles that cannabis companies face regarding their capital needs.

Nonetheless, President Joe Biden’s announcement that all federal convictions for simple marijuana possession were to be pardoned is a milestone in the continued growth of the cannabis sector. According to Grand View Research Institute, market size was valued at USD 13.2 billion in 2021 and USD 16.7 billion in 2022, with a revenue forecast of USD 102.2 billion for 2030, which would represent a compound annual growth rate (CAGR) of 25.5% from 2022 to 2030.

Secure platform

Companies in the cannabis sector had found it difficult to raise capital in the traditional capital markets, making the private capital market a more viable option. KoreConX All-In-One Platform uses its proprietary solution based on blockchain – the KoreChain – to make transactions and shareholder management safe for investors and entrepreneurs.

“Our Platform can be integrated with the company’s URL, making it user-friendly and reducing the risk of taking users to other websites,” explains Oscar Jofre, CEO and co-founder of KoreConX. The innovation for the cannabis ecosystem is the possibility to make customers into shareholders, by making investing easy. “Our partnership with SecureTranz allows the credit card use, as well as providing options to complement wire transfer, ACH and crypto payments,” explains Oscar.

KoreSummit

In a clear display of support for the sector, KoreConX is putting together a team of specialists in their next KoreSummit – Pocket Sessions | Empowering Growth. Covering topics from the preparations to the offering promotion, and choosing the best regulation, panels with sector experts will be available daily, from Oct. 24 to 28. Learn more on the event website.

About KoreConX

Founded in 2016, KoreConX provides the first secure online infrastructure for private companies to conveniently and compliantly manage every aspect of their capital market activities, from issuing securities to shareholder relations. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. KoreConX also maintains a large online library of educational content to help companies navigate their capital-raising journey.

KoreConX Onboards Arcview Capital to Strengthen Cannabis Ecosystem

The arrival of Arcview Capital as a new KorePartner opens new possibilities for the promising cannabis sector. Companies raising capital or investors can now rely on technology, market leadership and security to operate in this area

NEW YORK, September 29, 2022 (Newswire.com) – KoreConX unveils a new partnership that connects the technology available inside the KoreConx All-In-One Platform with the broker-dealer expertise provided by Arcview Capital in the cannabis industry.

It is known that President Biden discussed marijuana matters at Labor Day meetings. Some reasons for that may be found among some interesting numbers: according to Cannabis Business Times, annual global cannabis sales will grow from $30 billion in 2021 to $57 billion in 2026, a compound annual growth rate (CAGR) of almost 13%. In the United States, cannabis sales will grow from $25 billion in 2021 to $42 billion in 2026, which will make up 75% of total global cannabis sales.

Oscar Jofre, CEO and co-founder of KoreConX, is excited to see the expanding possibilities: “It is time to take this discussion – and the companies around it – to another level. Whether we are debating medical or adult use, there is a market with great opportunities for investors, entrepreneurs and researchers,” says Oscar Jofre.

Brian MacDonald, Managing Director at Arcview Capital, is thrilled to be part of this new blockchain-based reliable ecosystem as a new KorePartner. “As broker-dealers, it is more than fundamental that we can partner with important players like KoreConX. We share the same beliefs, same market understanding, and we are happy to witness the creation of more jobs, more research, and the empowerment of startups, making our economy stronger and more solid.”

Cannabis companies can use the exemptions from the JOBS Act to raise money using either Regulation A (RegA+), which enables companies to raise up to $75 million every 12 months, or $5 million through Regulation CF (RegCF). This is a special opportunity for this sector, considering that non-accredited investors, such as brand advocates, can become shareholders and partners of companies they support.

About KoreConX

Founded in 2016, KoreConX offers the first secure, All-In-One platform that manages private companies’ capital market activity and stakeholder communications. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, security registration, transfer agent services, and virtual dealrooms for raising capital. 

About Arcview Capital

Arcview Capital is an independent broker-dealer focused primarily on the ever-evolving cannabis industry. The firm helps companies raise capital while simultaneously providing the opportunity for institutions and individuals to invest into private companies and funds. Arcview Capital is an integral part of The Arcview Group ecosystem. The Arcview Group is an ecosystem of financial and consulting services and has been a trusted global leader for over 12 years. For more information, visit www.arcviewcapital.com.

 

KoreConX Onboards Arcview Capital to Strengthen Cannabis Ecosystem

Oscar A Jofre moderates panel at the LSI Emerging Medtech Summit

One of the Top 10 Global Thought Leaders in Equity Crowdfunding, KoreConX CEO and Co-Founder will moderate panel on crowdfunding for medical technologies

[New York City, NY – 23rd September 2022] – Today, Oscar A Jofre, CEO and Co-Founder of KoreConX, will moderate the panel “How The Crowd, VCs & Family Offices Can Join Forces to Fund Breakthrough Medical Technologies”, from 1:10-1:50 pm, in Hertfordshire, United Kingdom.

Oscar will be joined by panelists Joseph McGinley (Founder & CEO, McGinley Orthopedics), Marc Giroux (CEO, Kurve Therapeutics), Peter Kassel (CEO, HealthySole) and Douglas Ruark (President, Regulation D Resources). 

“The LSI Emerging Medtech Summit is the best way to put important players closer together in order to fund medical technologies. When we think of innovation, we always think of big pharmaceutical companies investing a lot of money for years to get results, but there are plenty of startups looking for funds, which can definitely be provided from crowdfunding, VCs and family offices, so why not?”, explains Oscar A Jofre, who has been working on educating entrepreneurs on how to raise capital using the exemptions from the JOBS Act, such as Regulation A and Regulation CF.

About KoreConX

Founded in 2016, KoreConX offers the first secure, All-In-One platform that manages private companies’ capital market activity and stakeholder communications. With an innovative approach to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies, capital markets and secondary markets. Investors, broker-dealers, law firms, accountants, and investor acquisition firms leverage our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, security registration, transfer agent services, and virtual dealrooms for raising capital. 

About Life Science Intelligence

LSI is a medical technology-focused market intelligence & consulting company that helps medtech executives make informed strategic decisions by better understanding market dynamics, trends, opportunities and the competitive landscape.

KoreConX Offers Entrepreneurs Raising Capital VIA RegCF It’s World-Renowned ALL-IN-ONE PLATFORM #09 March 2021

A solution that truly helps early-stage companies.

[New York, NY – 09 March 2021 ] – KoreConX is pleased to announce its complimentary support for companies that have raised or plan to raise up to $1.07M through Regulation CF. “The JOBS Act Program is simple: companies will receive access to all the services and features of KoreConX’s all-in-one platform at no cost,” announced Oscar A. Jofre, KoreConX’s co-founder and CEO.

KoreConX understands the challenging journey companies embark on while building their businesses, raising capital, and managing all of those processes.  When the JOBS Act first came into effect, KoreConX was fully aware of the high cost of raising capital and managing investors at scale. Today, KoreConX is reducing the friction of raising capital and managing thousands of investors. The whole purpose of crowdfunding is to produce a perfect blend of investors, customers, and influencers. No company launches a CF raise thinking they will have a small and manageable cap table—it’s not the point. Statistics show that Reg CF is gaining so much traction, so KoreConX decided that this would be the perfect time to help the majority of emerging growth companies who have already raised capital or are about to launch their raises.

“The objective of the JOBS Act was to increase entrepreneurial access to capital to drive job growth, innovation, and economic growth. KoreConX has emerged as a market leader in making that vision a reality:  KoreConX helps grow the private capital market by developing and delivering technology solutions that support companies throughout their fundraising journeys. It is my pleasure to support the KoreConX JOBS Act Program, specifically for companies fundraising through RegCF and demonstrating their commitment to support companies and their access to capital.” David Weild IV, “FATHER of the JOBS Act,” Former Vice-Chairman NASDAQ, Chairman & CEO Weild & CO.

2020 RegulationCF Stats

  • Total Funding Portal 51
  • Total Companies Funded 1,100
  • Total Companies That Have Raised $1M USD 229
  • Number of States 48
  • Total Raised $239.4M
  • Total Number of Investors 358,000
  • Average Raise $308,978

The JOBS Act, signed into law during the Obama Administration, came into effect on April 5th, 2012. Its fundamentals are simple:

  • Democratize capital so everyone can invest
  • Leave control to the founders
  • Create jobs

The regulators have delivered.  

“We’re so glad to have chosen KoreConX as our Reg CF transfer agent. The KoreConX team did an amazing job in guiding our team through the setup process and demonstrated how easy it would be to manage investors on an easy and efficient platform. Thanks for making this so easy!” Andrew Lee, CEO & Founder of OTIS Dental Inc.

KoreConX’s vision of the JOBS Act was always to help entrepreneurs meet all of their regulatory compliance requirements and incorporate the best practices in capital-raising in a cost-effective manner. 

KoreConX is delighted to provide this program, effective March 1st, 2021. Companies that qualify will receive full use of the all-in-one platform, along with their regulatory SEC transfer agent requirement. 

The KoreConX all-in-one platform solution for RegCF Companies includes:

  • SEC-Registered Transfer Agent
  • Dedicated Agent
  • Cap Table Management
  • Shareholder Management
  • Portfolio Management
  • BoardRoom Management

This enables companies to manage SAFE, CrowdSafe, loans, promissory notes, debenture, and digital securities.

JOBS Act Program:  www.JOBSActProgram.com

“Julien and the KoreConX team have provided great service and support of my business during an important phase of our company’s growth. Helping us navigate the waters after our CF raise has been a godsend. We look forward to a fruitful business relationship.” Garrett Lash, CEO of PuffCuff LLC.

 

About KoreConX

KoreConX is the first secure, all-in-one platform that manages private companies’ capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors, and broker/dealers. Leveraged for investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services, and virtual deal rooms for raising capital.  www.KoreConX.com

KoreConX is the world’s first highly secure, permissioned blockchain ecosystem for fully-compliant digital securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full life cycle of digital securities, including their issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to capital markets and secondary markets, facilitating access to capital and liquidity for private investors.

 

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