Eastcoasterdam Gardens
Legal Cannabis
Overview
Raised: $367,700
Total Commitments ($USD)
Platform
MainVest
Start Date
07/26/2021
Close Date
07/06/2022
Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
3.00X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,069
# of Investors
537
Momentum
Funded
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Year Founded
2018
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Saugus, Massachusetts
Eastcoasterdam Gardens, a legal cannabis grower in Winchendon, MA, is raising funds on MainVest. The company deals in the cultivation and extraction of cannabis to bring high-quality artisanal cannabis flower and solvent-less products to the adult-use market. Wendell Orphe and Joseph Lupo founded Eastcoasterdam Gardens in November 2018. The proceeds of the current crowdfunding round, with no minimum goal and a maximum goal of $250,000, will be used to construct and launch the cultivation facility and brand. Eastcoasterdam Gardens is led by a passionate team with over 40 years of cannabis experience in different areas of the industry. The company aims to grow with an aggressive growth strategy and multiple revenue streams.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 07/26/2021
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