Green Alchemy
[Closed for Investment] Green Alchemy, with a valuation of $6 million, is raising funds on MicroVentures. 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 early 2025. The business is the exclusive manufacturer of cannabis products for Blazin’ Bakery, a cannabis brand with a national presence, 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 $25,000 and a maximum target of $600,000. The campaign proceeds will be used for extraction and manufacturing equipment, facility buildout, operating capital, hiring and training, raw ingredients and packaging, and sales and marketing.
Investment Overview
Raised: $60,938
Deal Terms
Total Commitments ($USD)
- Platform
- Microventures
- Start Date
- 09/17/2024
- Close Date
- 10/18/2024
$25,000
$600,000
$500
Convertible Note
Pre-Seed
RegCF
$6,000,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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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 |
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.