Earth Merchant
Early Stage
Farm. Process. Manufacture. Build.
Overview
Raised: $13,216
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/19/2023
Close Date
05/01/2023
Min. Goal
$15,000
Max. Goal
$1,234,965
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$4.98
Pre-Money Valuation
$9,960,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/01/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$315
# of Investors
21
Momentum
Not Funded
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Earth Merchant, with a valuation of $9.96 million, is raising funds on StartEngine. The company is developing industrial hemp supply chain solutions and technology to create a circular economy for hemp farming and the green building industry. Earth Merchant is developing the manufacturing system for producing hempcrete blocks and will focus on selling to construction contractors, building firms, and real estate developers. The company is currently in the pre-revenue stage and aims to advance its prototype and production phases. Gina Engel founded Earth Merchant in October 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$24,042 |
|
COGS |
$0 |
$2,865 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$57,318 |
$-24,700 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$9,190 |
$2,790 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,190 |
$2,790 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$25,063 |
$0 |
|
Total Liabilities |
$25,063 |
$0 |
Financials as of: 03/19/2023
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