Hemp CR
Early Stage
Wholesale Distributor of Hemp and Hemp processed CBD
Analytics
Raised: $10,000
Aggregate Commitments $
Platform
CrowdSource Funded
Start Date
11/16/2020
Close Date
11/23/2021
Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment
$1,000
Security Type
Convertible Note
Funding Type
RegCF
Series
Seed
Valuation Cap
$2,500,000
Discount Rate
25%
Rolling Commitments $
Status
Funded
Reporting Date
11/30/2021
Days Remaining
Funded
% of Min. Goal
100%
% of Max. Goal
10%
Likelihood of Max
Funded
Avg. Daily Raise
$27
# of Investors
1
Momentum
Funded
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Location
Las Vegas, Nevada
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Hemp CR, a wholesale distributor of hemp and hemp-processed CBD, is raising funds on Crowdsource Funded. The company plans to supply hemp and CBD products to entrepreneurs and businesses that sell these products to end consumers. Hemp CR will offer low wholesale pricing and low minimum orders to its customers. Timothy Morales founded Hemp CR in June 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $100,000. Hemp CR intends to penetrate the hemp and CBD market in the USA and Latin America, with its pet CBD products as its bestsellers.
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 |
$500 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$500 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/16/2020
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