The 420 Hotels Announces Crowdfunding Round for Denver’s First Hotel with a Legally Licensed Cannabis Lounge

Owner of Denver’s Storied Patterson Inn plans one-of-a-kind cannabis lounge at boutique hotel to meet tourist demand

DENVER, May 17, 2022–(BUSINESS WIRE)–The 420 Hotels Inc. enters next phase of opening Denver’s first legally licensed cannabis lounge in a boutique hotel by announcing the launch of a crowdfunding campaign and filing its form C with the SEC, via the investment platform republic.com. This campaign is now open to anyone who wants to enter the ground floor of a new era for cannabis hospitality.

“We have overcome major hurdles to create a truly unique 4-star hotel experience where cannabis is welcome,” said Chris Chiari, CEO and Founder of The 420 Hotels Inc., owner of the historic Patterson Inn. “With our successful refinancing amid the pandemic and rezoning granted by the City of Denver last year, and our now interim cannabis hospitality license, we are excited to move full steam ahead into the launch of this equity fundraising campaign.”

The 420 Hotels Inc. is expanding 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 vaporize cannabis flower and concentrate, and consume infused edibles in a safe, sophisticated, and legal lounge environment. A remarkable national monument built in the 1890s, this Victorian-style boutique hotel is located in the heart of Denver’s upscale Capitol Hill neighborhood.

“Creating and allowing space for responsible cannabis consumption represents the last mile of legalization,” Chiari continued. “In the years since Colorado legalized adult cannabis use, public use in parks, on sidewalks and in vehicles has continued to be the only option left to tourists for far too long. I’m proud that The 420 Hotels is at the forefront of providing a solution.”

420 Hotels Inc. has now launched a crowdfunding campaign through Republic.com, a private investment platform for investors seeking high growth potential in highly vetted early-stage companies.

About 420 Hotels Inc.

The 420 Hotels aims to be among the first hotel chains in the country where guests can consume cannabis on-site in legally licensed lounges. The company is converting intimate boutique hotels into high-end, members-only cannabis drinking clubs merged with luxury overnight accommodations that will offer both sophisticated drinking locations and on-site customer service representatives who can advise consumers about safe drinking practices. The 420 hotels intend to expand to multiple locations over the next few years as more municipalities and states across the country pass laws allowing on-site cannabis use in establishments. commercial.

About the Republic

Republic is a leading investment platform that provides access to startup, real estate, crypto, and gaming investments for retail and accredited investors. Republic has facilitated over $700 million in investments by our global community of 1.5 million members. For more information, terms and conditions, visit www.republic.com.

Reg CF Disclaimer:

With respect to an issuer’s communications on the site to gauge interest in a possible offering of securities pursuant to the CF Regulation’s exemption from securities law registration requirements, including the possibilities to “reserve” securities as indications of interest for the potential offer, please note that pursuant to Rule 206 of the Crowdfunding Regulations (i) no money or other consideration is solicited, and if sent in response, will not be accepted, (ii) no offer to buy the securities may be accepted and no part of the purchase price may be received until the declaration of offer and only through a Registered Intermediary Platform, (iii) such offer may be withdrawn or revoked, without obligation or liability of any kind, at any time before notice of acceptance be given after form C is d stated, and (iv) an indication of interest is not binding and does not imply any obligation or commitment of any kind.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220517005510/en/

contacts

Casey Echols
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