This company is no longer in business. Investors can get details about any potential exits or failures here.
Desert Cannalytix
Early Stage
CBD-Hemp Testing Lab
Overview
Raised: $16,351
Total Commitments ($USD)
Platform
Fundanna
Start Date
04/01/2021
Close Date
12/30/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$4,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$60
# of Investors
28
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Biotech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Desert Cannalytix, with a pre-money valuation of $4 million, is raising funds on Fundanna. The company has developed a technologically advanced cannabis testing facility. The testing facility helps to maintain the integrity and high-quality standards related to safety and compliance in the cannabis industry. Malorie La Fuente founded Desert Cannalytix in 2019. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used towards equipment, research and development, sales and marketing, salaries, and general operating expenses. Desert Cannalytix promotes itself through licensed distributors, licensed dispensaries, and licensed edible manufacturers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,339 |
$-39,160 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,562 |
$22,044 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10,562 |
$22,044 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/01/2021
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