February Company Update from Cadi, CEO Tyler
We have made it to March. We are getting closer to Spring and golf season. As founders, It is essential to audit our business and disclose the successes and challenges of the company. This allows us to share the highlights and wins we accomplished throughout February with our investors and prospective investors. February has been a GREAT MONTH in the history of Cadi. We do not take it for granted.
CADI.IO MARKETPLACE LAUNCH
February was a busy month. The majority of the month was spent successfully beta-testing the Cadi.io marketplace. Cadi has over 750 users, with 250 signing up as Cadi Play Premium members. It has driven over $25k in revenue for Cadi. We are elated over the usage but continue to push for more Cadi Play signups. We recognize that copyright and experience do not deliver the necessary information to convert users to members and understand the terms. We are working on this. The good news is that the site has become significantly more reliable over the last 30 days. We are seeing fewer bugs and no crashes.
2nd ANNUAL CADI WEEK IN SCOTTSDALE, AZ
Cadi hosted our second annual CADI week at the WM Open in Scottsdale, AZ. The overall event was positive as the Cadi founders got the ability to spend intimate time with all the investor attendees. The highlight was golf at Silverado golf course and quality time spent in the VIP Area on the 18th fairway.
FUNDRAISING MILESTONES WITH >$200K
Cadi began our first disbursement from our campaign after subscribing to $200k in the early stages of our movement. We are content with the campaign launch and actively working on growing this campaign, and we scale.
Cadi has several technical milestones. Cadi had our first release with a custom WMS system. This release demonstrated the connectivity to the Swell platform and the ability to activate the RFID in our warehouse.
INCREASING MOMENTUM WITH GOLF COURSES AND OVERALL INTEREST
Cadi has increasing momentum. Many golf courses have been reaching out throughout the USA. For the first time this year, we have taken the liberty to explore these opportunities. We have facilities all over the country interested in hosting a kiosk.
WHAT TO EXPECT IN MARCH.
We expect an on-course kiosk relaunch in the Southern California market in March. We will launch a second kiosk in Q2 as well. We have several key partnerships in the works and expect announcements in the coming weeks. We are pushing hard to increase revenues through all of our multiple channels. We have received the new 2023 products available for Trials at Cadi.io. We aim to exceed $1m in revenue in 2023, which starts now.
If you are considering investing, now is the time. The countdown has started to invest in Cadi. Committing to Cadi now allows us to invest your capital into faster adaption and increases the likelihood of an exit. INVEST IN CADI TODAY.
As Always, Go Cadi!
Cadi kiosk update from Seattle.
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Cadi tracks inventory from source to sale, knowing where our inventory is as it moves through the warehouse, into transit, arrival at our kiosk system, and in customer's hands. This allows us to collect powerful data.