Humbleroots Apothecary
Early Stage
Military Veterans Launch Wellness Products to Disrupt CBD Market.
Overview
Raised: $76,200
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/13/2021
Close Date
04/18/2022
Min. Goal
$65,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,500,000
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$610
# of Investors
30
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Humbleroots Apothecary, with a valuation of $3,000,00, is raising funds on Wefunder. The company provides plant-based, all-natural alternatives to traditional over the counter and pharmaceutical medications. Secured a strategic partnership with one of the largest CBD-centric retailers in the United States. The Humbleroots team is comprised almost exclusively of military veterans. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $250,000. The campaign proceeds will be used for expanding inventory, marketing/PR, payroll, R&D, cash reserves and B2B development efforts.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-25,113 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,619 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$15,662 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/13/2021
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