Cornbread Hemp
USDA-Certified Organic CBD
Overview
$425,592 - RegCF
$2,100,592 - Total
$2,100,592 - Total
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
851%
% of Max. Goal
131%
Likelihood of Max
Avg. Daily Raise
$12,517
# of Investors
436
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Cornbread Hemp, with a valuation of $9.99 million, is raising funds on Wefunder. The company has built on Kentucky’s 250-year cannabis tradition to create its CBD brand. The business runs a family-owned USDA organic farm and sells CBD products, including CBD oil, lotion, and gummies. Cornbread Hemp products are of superior quality and have a high number of return customers, with $300,000 in MRR from subscribers. Eric Zipperle and Jim Higdon founded Cornbread Hemp in January 2019. The current crowdfunding campaign has a minimum target of $50,009 and a maximum target of $324,994. The campaign proceeds will be used for digital marketing, lab equipment, and materials and inventory.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$1,855,863 |
$429,871 |
COGS |
$609,590 |
$177,363 |
Tax |
$175 |
$0 |
| ||
| ||
Net Income |
$-147,807 |
$-9,022 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$253,583 |
$401,142 |
Accounts Receivable |
$6,409 |
$3,948 |
Total Assets |
$608,450 |
$536,549 |
Short-Term Debt |
$692,518 |
$25,132 |
Long-Term Debt |
$98,763 |
$446,441 |
Total Liabilities |
$791,281 |
$471,573 |
Financials as of: 02/21/2023
Create a free account today to gain access to KingsCrowd analytics.
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of Cornbread Hemp? Create your account today to claim this raise page.