Calyx Cultivation Tech

Calyx Cultivation Tech

Early Stage

Advanced Grow Light Manufacturer with the first AI Patented Technology

Advanced Grow Light Manufacturer with the first AI Patented Technology

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/19/2020

Close Date

08/15/2020

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,900,000

Discount

10%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

08/15/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2018

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Houston, Texas

Business Type

Growth

Calyx Cultivation Tech, with a valuation cap of $5.9 million, is raising funds on WeFunder. The company has created a patented AI-powered grow light that helps to control and regulate plant growth. The grow light has different spectrums and antifungal capabilities to harness all aspects of the growth cycle of plants. Calyx Cultivation Tech was founded by John C Higgins in June 2018 and has raised over $1.2 million since its inception. The current round of crowdfunding has a minimum goal of $150,000 and a maximum goal of $1,000,000, and the funds will be used towards sales, marketing, business development, raw materials, and working capital. Calyx Cultivation Tech is developing a groundbreaking technology that will revolutionize the farming and agriculture industry.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$27,916

$2,624

COGS

$13,870

$7,078

Tax

$0

$0

 

 

Net Income

$-382,746

$-130,018

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,046

$347,076

Accounts Receivable

$148,730

$67,245

Total Assets

$1,559,892

$1,708,898

Short-Term Debt

$176,126

$54,000

Long-Term Debt

$607,489

$625,893

Total Liabilities

$783,615

$679,893

Financials as of: 02/19/2020
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Calyx Cultivation Tech on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,900,000

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