CBD subscription box business founded in 2018 by Lowell Bieber and Ryan Culver as a 10-15 hour per week side hustle. With around $50K monthly revenue, it sold in 2021 for mid-six figures, about 2x trailing twelve-month profit and 0.8x revenue.
Hemp Crate Co. sold at a 2.0× profit multiple, below the 2.8× median across 52 documented exits in our database. Multiples below the median often signal higher perceived risk: elevated churn, single-channel dependency, or heavy founder involvement.
From founding to sale took 3.0 years, with the deal closing via Direct. Time to exit is a useful signal of how built-to-sell a business was, faster, cleaner processes usually mean better-documented operations and fewer diligence surprises.
See how this compares across the market on our market stats page, or browse more E-commerce exits.
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