Franny's Manufacturing

Franny's Manufacturing

Early Stage

Seed to Shelf, Hemp and Health

Seed to Shelf, Hemp and Health

Overview

Raised to Date: Raised: $278,974

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/02/2020

Close Date

04/30/2021

Min. Goal
$10,000
Max. Goal
$535,000
Min. Investment

$300

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$3,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$617

# of Investors

547

Momentum
Funded
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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

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.

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: 02/02/2020
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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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