Cherry Valley Organics

Cherry Valley Organics

Closed: Jun. 2021

About this raise

Cherry Valley Organics, an organic farm in Pennsylvania, is raising crowdfunding on Honeycomb. The farm produces diverse agricultural products, including herbs, cut flowers, vegetables, and potted plants. It supports organic growing, minimizing of carbon footprint, and positive ecological impact. Jodi Danyo founded Cherry Valley Organics in 2001. The current crowdfunding round has a minimum target of $30,000 and a maximum target of $90,000, and the funds will be used towards a herb drying building, utility vehicle, and debt refinancing. Cherry Valley Organics is one of the oldest USDA-certified organic farms in Southwestern PA. It also turns its produce into products like herbal teas, herb-infused vinegars, and dried vegetables and herbs.

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Investment Overview

Invested this round: $36,372

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
05/10/2021
Close Date
06/29/2021
Min. Goal
$30,000
Max Goal
$90,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2005
Industry
Farming & Agriculture
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Burgettstown, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Jodi Danyo
Title
Founder

Financials

 Revenue +193% YoY
$433,375
 Monthly Burn
$6,813
 Runway
3.6 months
 Gross Margin
74%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$433,375

$189,192

COGS

$112,071

$75,285

Tax

$0

$0

 

 

Net Income

$-81,756

$-118,303

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$24,561

$5,846

Accounts Receivable

$0

$0

Total Assets

$89,533

$56,346

Short-Term Debt

$97,201

$95,318

Long-Term Debt

$350,164

$290,902

Total Liabilities

$447,365

$386,220

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/29/2021 Honeycomb - $36,372 Debt Funded RegCF
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Cherry Valley Organics on Honeycomb
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Cherry Valley Organics may no longer be accepting investments.

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