Franny's Manufacturing

Franny's Manufacturing

Closed: Apr. 2021

About this raise

Franny’s Manufacturing, with a $3 million pre-money valuation, is raising funds on StartEngine. The company manufactures affordable and high-quality CBD products, including pet products, women’s health products, men health products, baby products, and edibles. The products of Franny’s Manufacturing are made from local, organic, and quality-controlled ingredients and are made in small customized batches. Franny’s Manufacturing was founded by Franny Tacy and Jeff Tacy in March 2019. The current round of crowdfunding of the company has a minimum target of $10,000 and a maximum target of $535,000, and the funds will be used to purchase new equipment, increase marketing, and hire new staff. Franny’s Manufacturing uses its proprietary and distinctive recipes that give it an advantage over the competitors.

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Investment Overview

Invested this round: $278,974

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/03/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max Goal
$535,000
Min. Investment

$300

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$3,000,000

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Asheville, North Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jeff Tacy
Title
CEO
Founder Name
Frances Tacy
Title
CEO

Financials

 Revenue
$93,578
 Monthly Burn
Profitable
 Cash on Hand
$0

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 StartEngine $3,000,000 $278,974 Equity - Common Funded RegCF
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Add to portfolio
Franny’s Manufacturing on Start Engine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $3,000,000
Price per Share: $2.00

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Follow Franny’s Manufacturing on Start Engine

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Warning: according to the close date for this deal, Franny's Manufacturing may no longer be accepting investments.

Franny's Manufacturing Deal Report

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