Freshly Baked Company
Cannabis Business
Overview
Raised: $68,500
Total Commitments ($USD)
Platform
MainVest
Start Date
04/18/2022
Close Date
06/17/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,161
# of Investors
69
Momentum
Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Freshly Baked Company is raising funds on MainVest. It is a micro cannabis company that makes cannabis products, including biscotti, macaroons, and vapes. It is the exclusive manufacturer and distributor of all Montel Williams THC products in Massachusetts and plans to launch Inspire by Montel, an exclusive vape line in Massachusetts. Freshly Baked Company aims to give back to the community and help the veterans with its cannabis products. Philip Smith and Jenny Roseman founded Freshly Baked Company in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used to expand the product distribution and launch new product lines.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-170,518 |
$-11,111 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$135,097 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$248,210 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/18/2022
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