My Green Network

My Green Network

Closed: Apr. 2021

About this raise

My Green Network, with a pre-money valuation of $8.5 million, is raising funds on MicroVentures. The company works on a shared-economy model to bring shared kitchen spaces to develop and manufacture cannabis and CBD-infused products. Ken Hwang and James Shih founded My Green Network in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards sales and marketing, manufacturing, R&D, equipment, construction, future wages, and working capital. My Green Network expects to open its first facility in Orange County, California, in December 2020 and will be equipped with seven cannabis production suites.

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Investment Overview

Invested this round: $268,916

Deal Terms

Total Commitments

Platform
Microventures
Start Date
11/17/2020
Close Date
04/12/2021
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Return Multiple

5.00X

Rev. Share %

50.00%

Company & Team

Company

Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Proptech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Santa Ana, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
James Shih
Title
CEO
Founder Name
Maria Cordeiro
Title
CMO
Founder Name
Ken Hwang
Title
CLO
Founder Name
Edwin Chu
Title
COO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/12/2021 Microventures - $268,916 Revenue Share Funded RegCF / RegD 506(c)
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My Green Network on MicroVentures
Platform: Microventures
Security Type: Revenue Share

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Warning: according to the close date for this deal, My Green Network may no longer be accepting investments.

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