BioMedican

Growth Stage

Producing pharmaceutical-grade cannabinoids at 70-90% lower cost via biosynthesis

Analytics

Raised to Date: Raised: $227,717

Aggregate Commitments $

Platform

Wefunder

Start Date

08/13/2021

Close Date

10/02/2021

Min. Goal

$200,000

Max. Goal

$1,069,999

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$56,390,085

Rolling Commitments $

Status
Funded
Reporting Date

10/17/2021

Days Remaining
Funded
% of Min. Goal

114%

% of Max. Goal

21%

Likelihood of Max
Funded
Avg. Daily Raise

$4,554

Momentum
Funded
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Location

Fremont, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

BioMedican, with a valuation of $56.4 million, is raising funds on Wefunder. The company makes cannabinoids through the process of biosynthesis. The pharmaceutical-grade cannabinoids of BioMedican are bio-organic, non-GMO, and cost 70-90% less than the current wholesale price. The company has research partnerships with the Institute of Genetics Moscow, Imperial College UK, and Denmark Technical University. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,069,999. The campaign proceeds will be used for starting a pilot-scale fermentation equipment, buying additional equipment, usage of analytical services, and operational expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,646,200

$-971,290

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,099

$134,712

Accounts Receivable

$0

$0

Total Assets

$138,963

$222,406

Short-Term Debt

$510,970

$167,073

Long-Term Debt

$9,160

$318,396

Total Liabilities

$520,130

$485,469

Financials as of: 08/13/2021
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BioMedican on Wefunder 2021
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $56,390,085

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