Mystic Holdings

Mystic Holdings

Growth Stage

Natural Quality Cannabis

Natural Quality Cannabis

Overview

Raised this Round: Raised: $17,570,300

Platform

Self Managed

Start Date

10/03/2019

Close Date

Not Provided

Min. Goal
$5,000,000
Max. Goal
$50,000,000
Min. Investment

$1

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$50,000,000

Year Founded

2016

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AgriTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Las Vegas, Nevada

Business Type

Growth

Mystic Holdings is raising funds independently through Reg A+ crowdfunding. The company cultivates and produces medical cannabis in Nevada. The business runs a highly efficient and state-of-the-art cannabis cultivation and production facility, with the ability to produce 600 pounds of sellable cannabis every month. The facility adheres to best practices in quality control and regulatory compliances. Lorenzo Barracco and Michael Cristalli founded Mystic Holdings in 2016. The current crowdfunding campaign has a minimum target of $5,000,000 and a maximum target of $50,000,000. The campaign proceeds will be used for the acquisition of Nevada dispensaries, additional acquisitions and investments, and working capital.

Balance Sheet

Cash and Cash Equivalents

$1,001,468

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$290,706

Loans

$0

Property, Plant and Equipment (PP&E)

$3,536,875

Property and Equipment

$0

Total Assets

$5,582,055

Accounts Payable & Accrued Liabilities

$6,215,217

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$250,000

Total Liabilities

$6,465,217

Total Stockholders' Equity

$-883,162

Total Liabilities and Equity

$5,582,055

Statement of Comprehensive Income Information

Total Revenues

$2,072,485

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,732,993

Total Interest Expenses

$0

Depreciation and Amortization

$159,444

Net Income

$-895,545

Earnings Per Share - Basic

$-0.01

Earnings Per Share - Diluted

$-0.01

Auditor: Ellsworth & Stout, LLC
Financials as of: 10/03/2019
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Mystic Holdings on Self Managed 2019
Platform: Self Managed
Security Type: Equity - Common
Valuation: $50,000,000
Price per Share: $1.00

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