Brothers Cole
Cannabis Business
Overview
Raised: $46,800
Total Commitments ($USD)
Platform
MainVest
Start Date
08/23/2022
Close Date
10/11/2022
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$955
# of Investors
85
Momentum
Funded
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Brothers Cole is raising funds on MainVest. It is an indoor cannabis cultivator in Marcellus, Michigan. The company operates a 3,200 sq ft facility and has a second facility under construction. Brothers Cole is currently focused on the cultivation and nursery services of cannabis and plans to expand to processing, marketing, consulting, and other businesses in the cannabis industry. James Cole and Caleb Cole founded Brothers Cole in September 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $250,000. The campaign proceeds will be used for equipment and construction expenses for the second production facility.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/23/2022
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