FloraScentials

FloraScentials

Early Stage

Restoring the natural fragrance to non-fragrant cut flowers

Restoring the natural fragrance to non-fragrant cut flowers

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/05/2020

Close Date

04/07/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/17/2021

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

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

St. Louis, Missouri

Business Type

Life Style

FloraScentials, with a $3 million valuation cap, is raising funds on Wefunder. The company is developing innovative products to add fragrance to non-fragrant cut flowers by altering the plant diet. It is in talks with a major fragrance company for the supply of fragrant essential oils and is in the process of identifying natural and safe ingredients. Randy Weiss founded FloraScentials in 2018. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards hiring a part-time formulation chemist, research and development, market research, intellectual property and fees, and office expenses. FloraScentials has a partnership with Smithers-Oasis, a global provider of floral products.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-14,851

$-17,701

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$5,078

$5,615

Accounts Receivable

$5

$5

Total Assets

$5,083

$5,620

Short-Term Debt

$11,416

$11,283

Long-Term Debt

$11,214

$2,033

Total Liabilities

$22,630

$13,316

Financials as of: 11/05/2020
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FloraScentials on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,000,000

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