Herbal Botanical Products

Herbal Botanical Products

Early Stage

Topical pain management products

Topical pain management products

Overview

Raised this Round: Raised: $52,400

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/14/2023

Close Date

09/01/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$12,500,000

Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

CLARKSVILLE, Tennessee

Business Type

Growth

Herbal Botanical Products, with a valuation of $12.5 million, is raising funds on Wefunder. The company makes and sells topical pain management products. The products of Herbal Botanical Products are infused with Nano CBD, CBD isolate, CBG, and other terpenes derived from the industrial hemp plant. Herbal Botanical Products is led by an experienced team and has high operating margins. Stephen Michael McKay founded Herbal Botanical Products in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for digital marketing, general marketing, distribution development, and general operating expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$16,000

$20,196

COGS

$5,758

$5,426

Tax

$0

$0

 

 

Net Income

$-239,509

$-188,904

Summary Balance Sheet

FY 2022 FY 2021

Cash

$34,264

$67,003

Accounts Receivable

$0

$0

Total Assets

$316,301

$283,611

Short-Term Debt

$74,265

$68,183

Long-Term Debt

$0

$0

Total Liabilities

$74,265

$68,183

Financials as of: 05/14/2023
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Herbal Botanical Products on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $12,500,000
Price per Share: $100.00

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