DENVER--(BUSINESS WIRE)--The 420 Hotels Inc. is entering the next phase of opening Denver’s first legally licensed cannabis consumption lounge in a boutique hotel by announcing the launch of an equity crowdfunding campaign and by filing their Form C with the SEC through StartEngine, an industry leading private investment platform for investors seeking high growth potential in highly vetted, early stage ventures. This campaign is now live, and according to the Form C, this is the first time a licensed cannabis business has launched a campaign on the StartEngine platform.
“Launching this campaign on StartEngine is a major step towards validating cannabis social use,” said Chris Chiari, CEO and Founder of The 420 Hotels Inc., which owns the historic Patterson Inn. “We are pairing our four star award winning hotel with the most exciting and unique amenity in hospitality today.”
The 420 Hotels Inc. is developing this first location by adding a well-appointed cannabis consumption lounge as an amenity to the adjacent Patterson Inn. Hotel guests and annual members will be able to legally smoke and vape cannabis flower and concentrate, and consume infused edibles in a safe, sophisticated and legal lounge environment. A distinguished National Landmark built in the 1890s, the Victorian-style boutique hotel is situated in the heart of Denver’s upscale Capitol Hill neighborhood.
“Creating and licensing space for responsible cannabis consumption represents the final mile in legalization,” Chiari continued. “In the years since Colorado legalized adult-use cannabis, social use was always left to be figured out later. I’m excited that The 420 Hotels is on the forefront of providing a solution today.”
About The 420 Hotels Inc.:
The 420 Hotels aims to be amongst the nation’s first hotel chains where guests will be able to consume cannabis onsite in legally licensed lounges. The company is converting intimate boutique hotels into high-end, members-only cannabis consumption clubs merged with luxury overnight accommodations that will offer both sophisticated locations to consume and onsite guest service representatives who can advise consumers on safe consumption practices. The 420 Hotels intends to expand to multiple locations over the next several years as more municipalities and states across the country pass laws that allow for onsite consumption of cannabis in commercial establishments.
One of the largest equity crowdfunding platforms in the U.S., led by Activision Co-Founder Howard Marks and advised by Kevin O'Leary, StartEngine launched in 2015 with the mission to help entrepreneurs achieve their dreams, while enabling everyday people access to private investment opportunities. StartEngine Crowdfunding Inc. is not a broker-dealer, funding portal or investment adviser. StartEngine Capital, LLC is a funding portal registered with the US Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA). StartEngine Primary LLC is a broker-dealer registered with the SEC and FINRA/SIPC. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary. To raise funds, invest or trade on the StartEngine platform, visit www.startengine.com.
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With regard to communications by an issuer on the Site to gauge interest in a potential securities offering pursuant to the Regulation CF exemption from the registration requirements of the Securities Act, including opportunities to “reserve” securities as indications of interest in the potential offering, please note that pursuant to Regulation Crowdfunding Rule 206 (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is filed and only through a registered intermediary’s platform, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the Form C is filed, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind.