Good Greens Flower

Good Greens Flower

Closed: Jul. 2023

About this raise

Good Greens Flower is raising funds on MainVest. It is seeking investment to finalize construction and open a 15,000 SF cultivation space. Good Greens has been cultivating premium indoor cannabis in the California legal market since 2020. By leveraging cultivation experience, utilizing the newest and most advanced growing and monitoring technologies, and partnering with best-in-class breeders, Good Greens seeks to bring its premium indoor cannabis flower and related product lines to the Massachusetts market. Michael Cimino founded Good Greens Flower in April 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $50,000. The campaign proceeds will be used for space build out.

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Investment Overview

Invested this round: $78,000

Deal Terms

Total Commitments

Platform
MainVest
Start Date
12/16/2022
Close Date
07/14/2023
Min. Goal
$50,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Rev. Share %

1.75%

Company & Team

Company

Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Uxbridge, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Michael Cimino
Title
Founder and Managing Partner

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$22,260
as of FY2021
 Runway
0.2 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-267,122

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$4,128

$0

Accounts Receivable

$0

$0

Total Assets

$1,204,128

$0

Short-Term Debt

$0

$0

Long-Term Debt

$950,000

$0

Total Liabilities

$950,000

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/14/2023 MainVest - $78,000 Revenue Share Funded RegCF
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Good Greens Flower on Mainvest 2022
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Good Greens Flower may no longer be accepting investments.

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