My Green Network
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.
Investment Overview
Invested $268,916 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
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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) |