Order cannabis online from local dispensaries you know and trust.

Stemless is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to % of the value of the securities sold and equity compensation equal to % of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, the contents of the Highlights, Term Sheet sections have been prepared by SI Securities and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by Stemless without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures. The contents below are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.

About Stemless

Purchasing cannabis from dispensaries is antiquated. Product menus change constantly and customers often don't know what's available to them until they physically go to the store. Additionally, because banking is almost nonexistent –dispensaries can only transact in cash - it's almost impossible to upsell customers. People aren't going to withdraw an extra $20 + a transaction fee from an ATM to make an impulse purchase, and due to purchasing restrictions (how many people can be in a store at a time), lines at dispensaries can be long – especially after work and on the weekends when people are free.

Stemless addresses these issues by offering a full-service cannabis ordering solution that empowers consumers to safely, legally, and easily purchase cannabis online from local dispensaries they know and trust. Customers order online, pay online, and either pickup without having to wait or receive tracked delivery to their door. Our platform saves both sides of the transaction time and money.

Stemless will be 1 of 12 featured cannabis startups pitching at the Arcview Pitch Forum Conference on Monday, November 13th at The M Resort in Las Vegas. Register here: 

Product & Service

Dispensaries enjoy broadcasting live product menus for their customers to view. They receive notification of customer orders via text and/or email. Once they accept the order, they put it together and place it into tamper proof bags. They can automatically notify consumers of their order status with the click of a button. They can also track their couriers on the road in real time for safety. Finally, they can monitor their sales progress and growth to date on their dashboard.

For consumers, the platform provides fast, reliable, and safe service. Upon signing up, consumers are able to place orders for products and pay electronically. Their orders will be routed to a stores’ courier and consumers are able to track their orders on their phones or desktop computers to see where their delivery person is at all times. Once their courier arrives, the consumer receives their order in a tamper proof bag, signs to accept delivery and the order is complete.

The benefits of this system are that:

  • Consumers are always ordering from live, accurate menus so there is never a miscommunication regarding order availability
  • Consumers and couriers never need to carry cash, which not only can be lost or stolen, but make them a target for theft and violence
  • Consumers can track the status of their order from placement to delivery handoff, freeing up their time to spend elsewhere.

We see these benefits as mandatory for our target demographic, and ultimately, keeping the dispensaries and consumers happy.

Media Mentions

Team Story

I started Stemless to make life simpler.  I realized one day, that everything gets delivered to me.  Traffic is unpredictable, lines at stores are a waste of time, so I order online - food, alcohol, even toilet paper is couriered over.... so why couldn't cannabis be too?  That was easier said than done.  Cannabis has restrictions surrounding it that prevent it from being accessible to people in a way that's convenient - which ultimately means customers have a hard time accessing something they're legally able to buy and stores have a hard time maximizing their revenue.  So I set out to rectify that, and through fine tuning, staying current with legislation and listening to our biggest fans - our customers - we've created the solution we offer today.

The Stemless team includes myself, Isaac Colon, a close family friend of the past ten years, our trusted developer Swapnil Ghosh, and a handful of key employees and enthusiasts that have understood our mission to revolutionize this space.

Founders and Officers

Koushi is the CEO and founder of Stemless, an online ordering platform that makes it easy for customers to order from their favorite local dispensaries. Prior to starting Stemless, she worked in M&A, Business Development and Operations. She received her MBA from the Tuck School of Business at Dartmouth and is an active voice in the national legalization movement.

Koushi Sunder


Koushi is the CEO and founder of Stemless, an online ordering platform that makes it easy for customers to order from their favorite local dispensaries. Prior to starting Stemless, she worked in M&A, Business Development and Operations. She received her MBA from the Tuck School of Business at Dartmouth and is an active voice in the national legalization movement.

Key Team Members

Isaac Colon

Head of Operations

Swapnil Ghosh

Lead Developer

Sunder Nadarajah


Shelby Cutler

Project Manager

Q&A with the Founder

  • Please detail your platform.
    Stemless is an online platform to purchase cannabis from local dispensaries via delivery or in-store pick-up. We make all menus on Stemless live by plugging into a store’s POS system. We allow online payment in a compliant way, working with our merchant partners. For pick-up and delivery, we have a notification system alerting consumers when to pick-up and where their driver is with arrival information. We have three tiers for our dispensary customers. Our standard Tier is $400-$500 a month per store. Our light white label solution has a $1,500 up-front fee and a monthly fee of $500-$600 per store. Our full white label platform has a $10,000 up-front fee and a & 1,000 –$1,200 monthly fee per store. The variability in monthly fees is due to upselling specific features.
  • Please detail your white-label product.
    We offer 2 versions of this, both powered by Stemless. First, we allow stores to incorporate our Stemless menu onto their website with store specific branding. Second, we allow stores to have a custom courier app and a custom website. Launching the more robust white label solution generally takes 1 month to launch. The architecture of our software is not altered, these customizations are largely cosmetic changes.
  • Please detail your store acquisition strategy.
    We have 4 channels for store acquisition. 1) We leverage our trade group relationships in the Oregon community. 2) In the last month, we have initiated cold-outreach efforts, highlighting our previous successes. 3) We see inbound interest from PR, our blog, events, etc. 4) We talk to our existing store base to upsell them on new features.
  • Please detail your individual user acquisition strategy.
    We work closely with stores to push Stemless to their existing customer base, add store’s customer base to our email list, and run other promotions.
  • Please detail why you can accept online payments.
    We accept E-Checks, which unlike credit or debit card payments, are compliant with current banking regulations. We have an agreement with e-check and various merchant banking partners to facilitate this.
  • The Q&A with the Founder is based on due diligence activities conducted by SI Securities, LLC. The verbal and/or written responses transcribed above may have been modified to address grammatical, typographical, or factual errors, or by special request of the company to protect confidential information.

    Investor Perks

    $2,000 - Stemless Swag Pack (T-shirt, Branded Coozie and Logo Sticker)

    $10,000 - Complimentary 6 months of service on our platform for you or a friend's dispensary

    $25,000 - Private tour of Oregon's premium cannabis destinations followed by a hosted dinner with the Stemless team

    It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.

    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.

    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.

    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive shares, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.

    Making an Investment in Stemless
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Stemless. Once Stemless accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Stemless in exchange for your shares. At that point, you will be a proud owner in Stemless.

    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or government-issued identification
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.

    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, Stemless has set a minimum investment amount of US $0.

    Accredited investors investing $20,000 or over do not have investment limits.

    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own shares after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.

    How can I sell my shares in the future?

    Currently there is no market or liquidity for these shares. Right now Stemless does not plan to list these shares on a national exchange or another secondary market. At some point Stemless may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Stemless either lists their shares on an exchange, is acquired, or goes bankrupt.

    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.

    Other General Questions
    What is this page about?

    This is Stemless's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the Stemless's Form C. The Form C includes important details about Stemless's fundraise that you should review before investing.

    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your shares have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, you may go to your portfolio page

    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.