My Green Network

Early Stage

Shared kitchen spaces for developing, manufacturing, and distribution of cannabis and CBD infused products

Analytics

Raised to Date: Raised: $268,916

Aggregate 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

Funding Type

RegCF / RegD 506(c)

Series

Seed

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

538%

% of Max. Goal

25%

Likelihood of Max
Funded
Avg. Daily Raise

$1,842

Momentum
Funded
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Location

Santa Ana, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Proptech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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.

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

Financials as of: 11/17/2020
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My Green Network on MicroVentures
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Platform: Microventures
Security Type: Revenue Share

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