Making a Difference, Naturally.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

PicMii

Start Date

01/23/2023

Close Date

05/31/2023

Min. Goal

$10,000

Max. Goal

$3,000,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Price Per Share

$0.25

Pre-Money Valuation

$43,211,544

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

118

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Location

Canoga Park, California

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Med-X, with a valuation of $43.2 million, is raising funds on PicMii. The company has developed many all-natural and plant-based brands that are replacing chemicals to solve everyday issues of people. The products are sold through major retail and healthcare distributors. The flagship product lines of Med-X include Nature-Cide and Thermal-Aid. Med-X has a high demand and is known for its all-natural solutions and reported 80% revenue growth in 2022. Dr. David Toomey and Matthew Mills founded Med-X in February 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3 million. The campaign proceeds will be used for acquisitions, marketing, working capital, hiring, product registrations, and research and development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,010,431

$1,033,750

COGS

$879,662

$870,539

Tax

$1,600

$1,600

 

 

Net Income

$-4,907,432

$-3,541,031

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,367,366

$752,823

Accounts Receivable

$28,616

$150,929

Total Assets

$3,816,184

$3,166,753

Short-Term Debt

$30,927

$398,263

Long-Term Debt

$29,032

$11,438

Total Liabilities

$59,959

$409,701

Financials as of: 01/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Med-X 05/31/2023 PicMii $43,211,544 $0 Equity - Common Active RegCF
Med-X 03/31/2023 Dalmore Group $102,217,405 $3,936,422 Equity - Common Active RegA+
Med-X 09/10/2021 TruCrowd $88,552,772 $15,595 Equity - Common Funded RegCF
Med-X 06/27/2019 StartEngine - $7,000,471 Equity - Common Funded RegA+
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Med-X on PicMii 2023
$
Platform: PicMii
Security Type: Equity - Common
Valuation: $43,211,544
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