Growing Talent

Growing Talent

Early Stage

Building the Chick-fil-A of cannabis; franchises in LA, SF, NYC, CHI, and more

Building the Chick-fil-A of cannabis; franchises in LA, SF, NYC, CHI, and more

Overview

Raised this Round: Raised: $258,275

Total Commitments ($USD)

Platform

Republic

Start Date

11/11/2019

Close Date

05/30/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,750,000

Discount

20%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

Growing Talent, a cannabis technology company, is raising funds on Republic. The company has a valuation cap of $3.75 million and is focused on developing minority talent. It plans to establish Black-owned cannabis retail stores all across the country. The Good Tree dispensaries will be backed by a state-of-the-art operating system and will also be minority-led. Growing Talent was founded by Rashaan Everett, Carl Ganz, and Dr. Eric Patrick in 2019. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for marketing, replication of software of new dispensaries, build-out of online curriculum, on-the-job training, and new hires. Growing Talent has seven cannabis licenses and has already generated over $3.5 million in sales.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/11/2019
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Growing Talent on Republic
Platform: Republic
Security Type: SAFE
Valuation: $3,750,000

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