Hempzene
Early Stage
We market CBD directly to consumer via entertaining/informative long-form media
Overview
Raised: $11,009
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/12/2020
Close Date
04/22/2021
Min. Goal
$75,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$69
# of Investors
26
Momentum
Not Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Hempzene, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company markets and sells high-quality CBD products for health and wellness directly to the consumers. Hempzene tells its story through informative long-form television media and online content. Michael Sciucco founded Hempzene in June 2020 and has raised $163,000 since its inception. The current round of crowdfunding has a minimum raise of $75,000 and a maximum raise of $107,000, and the funds will be used for customer acquisition and product inventory. Hempzene has aired 3,062 long-form advertisements and acquired almost 2,700 customers through September 2020. The company has reported a three times growth in total revenue since December 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$467,556 |
$23,696 |
|
COGS |
$76,808 |
$7,987 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-152,553 |
$-32,294 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,433 |
$0 |
|
Accounts Receivable |
$42,993 |
$0 |
|
Total Assets |
$105,358 |
$0 |
|
Short-Term Debt |
$139,804 |
$0 |
|
Long-Term Debt |
$150,000 |
$0 |
|
Total Liabilities |
$289,804 |
$0 |
Financials as of: 11/12/2020
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