CIHC
Testing the Waters
Early Stage
Mass produce eco-friendly plastic using agricultural waste
Overview
Raised: $1,621,696
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/01/2021
Close Date
Testing the Waters
Min. Goal
Funded
Max. Goal
Funded
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
Test the Waters
/ RegCF
Valuation Cap
$32,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2022
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,543
Momentum
Funded
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Year Founded
2020
Industry
Industrial Services
Tech Sector
EnterpriseTech
Location
North York, Ontario
CIHC, with a valuation of $32 million, is testing the waters on Wefunder. The company is building a factory to make plastic pellets using agricultural waste from food crops. The patent-pending technology of CIHC aims to provide more consistent and higher quality outputs and reduce the cost of production. CIHC aims to replace over a million tonnes of plastic with its bio-composite plastic and expects to generate $1 billion of revenue annually in the next ten years. Robert Ziner founded CIHC in 2020. The current crowdfunding campaign has a minimum target of $100 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.
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