Green Alchemy

Green Alchemy


About this raise: Green Alchemy is raising funds on MainVest. It is a licensed cannabis manufacturing facility in South River, New Jersey. Green Alchemy is fully approved, has received licenses, and is set to commence operations in the summer of 2024. The business is the exclusive manufacturer of cannabis products for Blazin’ Bakery and Luna Verde and is entering into more agreements to produce products for other brands. Tara Sargente founded Green Alchemy in January 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $600,000. The campaign proceeds will be used for extraction and manufacturing equipment, hiring and training, facility buildout, raw ingredients, and packaging.

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Investment Overview

Not Funded: $56,000

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
04/16/2024
Close Date
05/18/2024
Min. Goal
$100,000
Max. Goal
$600,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
South River, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Tara Sargente
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$344
 Runway
11.9 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,125

$-6,775

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,100

$8,225

Accounts Receivable

$0

$0

Total Assets

$4,100

$8,225

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$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
10/18/2024 Microventures $6,000,000 $60,938 Convertible Note Funded RegCF
05/18/2024 MainVest - $56,000 Equity - Common Not Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Green Alchemy on MainVest 2024
Platform: MainVest
Security Type: Equity - Common
Price per Share: $1.00

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