Green Alchemy
Early Stage
Cannabis Business
Overview
Raised: $5,500
Total Commitments ($USD)
Platform
MainVest
Start Date
04/15/2024
Close Date
05/31/2024
Min. Goal
$100,000
Max. Goal
$600,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/30/2024
Days Remaining
30
% of Min. Goal
6%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$367
# of Investors
6
Momentum
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 04/15/2024
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