Emerald River Maine
Legal Cannabis Business
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
10/05/2021
Close Date
11/09/2021
Min. Goal
$120,000
Max. Goal
$160,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/08/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Shapleigh, Maine
Emerald River Maine is raising funds on MainVest. It is a legal cannabis business seeking to launch its recreational cannabis store in Lewiston, Maine. The 2,700 square-foot store will be built at 1240 Lisbon Street in Lewiston, a busy and central location. Emerald River Maine will offer a branded cannabis shopping experience and plans to become a destination point that the city of Lewiston can be proud of. Morriss M. Partee and Matthew A. Taggart founded Emerald River Maine in February 2020. The current crowdfunding campaign has a minimum target of $120,000 and a maximum target of $160,000. The campaign proceeds will be used for opening inventory, marketing, pre-open payroll and training, licensing, and interior upgrades.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$23 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-257 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,299 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$54,752 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$25,000 |
$0 |
|
Total Liabilities |
$25,000 |
$0 |
Financials as of: 10/05/2021
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