Coastal Roots
Cannabis Business
Overview
Raised: $62,300
Total Commitments ($USD)
Platform
MainVest
Start Date
12/29/2022
Close Date
03/03/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$989
# of Investors
107
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Coastal Roots is raising funds on MainVest. It is a cannabis business in Massachusetts that makes herbal-infused and health-conscious cannabis products. The products of Coastal Roots are pure, high-quality, and made using organic ingredients with the right amount of THC for a purely enjoyable journey. The business is focused on wellness, community, and music and plans to open a cannabis manufacturing facility in Middleborough, Massachusetts. Brandon Lynch and Samantha Lynch founded Coastal Roots in July 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for site buildout and equipment.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$-5,000 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 12/29/2022
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