Good Earth Organics
About this raise: Good Earth Organics, with a pre-money valuation of $23.4 million, is raising crowdfunding on SeedInvest through Reg A+ crowdfunding. The company formulates and manufactures premium organic potting soils and nutrients to grow toxin-free hemp and cannabis plants. The proprietary soil blends of Good Earth Organics are approved by OMRI and Clean Green. Roy Leon founded Good Earth Organics in 2008 and has raised over $940,000 since the inception. The proceeds of the current crowdfunding round, with a minimum goal of $500,000 and a maximum goal of $10,000,000, will be used for brand acquisitions, marketing, equipment, research & development, and working capital. Good Earth Organics reported revenue growth of 43% in 2019 compared to 2018 and a 60% growth in the first half of 2020 compared to the first half of 2019.
Investment Overview
Invested : $2,938,506
Deal Terms
Total Commitments ($USD)
- Platform
- SeedInvest
- Start Date
- 08/21/2020
- Close Date
- 08/14/2021
$500,000
$10,000,000
$1,000
Equity - Preferred
Series A
RegA+
$1.65
$23,408,305
Company & Team
Company
- Year Founded
- 2018
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +43% YoY
- $3,088,256
- Monthly Burn
- $93,436
-
Runway
- 4.9 months
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/14/2021 | SeedInvest | $23,408,305 | $2,938,506 | Equity - Preferred | Funded | RegA+ |