Herbal Botanical Products
Early Stage
Topical pain management products
Overview
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
Price Per Share
$100.00
Pre-Money Valuation
$12,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$481
# of Investors
14
Momentum
Funded
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Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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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