Ancient Essentials

Ancient Essentials

Closed: Nov. 2020

About this raise

Ancient Essentials, a manufacturer of superior-quality CBD products, is raising funds on Fundopolis. The company sources 100% of its hemp from suppliers that grow it in greenhouses and plant it in organic potting soil. Thus, the products of Ancient Essentials are pure and meet strict quality guidelines. The products of Ancient Essentials include organic and non-GMO CBD tinctures and are available in independent pharmacies and top-level health food stores. Ancient Essentials was founded by Amy Taylor and Thomas Eugene Taylor in 2019. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $100,000, and the proceeds will be used to overcome the corona pandemic and start its aggressive marketing campaign. Ancient Essentials is on its way to success and made profits in the first month of its operations.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Fundopolis
Start Date
05/11/2020
Close Date
11/18/2020
Min. Goal
$25,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.75X

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Winterville, North Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Amy Taylor
Title
Owner

Funding data not publicly available

Financials

 Revenue
$29,622
 Monthly Burn
$1,491
 Runway
3.1 months
Gross Margin
30%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$29,622

$0

COGS

$20,836

$0

Tax

$0

$0

 

 

Net Income

$-17,893

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,602

$0

Accounts Receivable

$10,817

$0

Total Assets

$13,162

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/18/2020 Fundopolis - $0 Debt Not Funded RegCF
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Ancient Essentials on Fundopolis
Platform: Fundopolis
Security Type: Debt

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Warning: according to the close date for this deal, Ancient Essentials may no longer be accepting investments.

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