Olive Tree People

Olive Tree People

Growth Stage

From Tree to Beauty

From Tree to Beauty

Overview

Raised to Date: Raised: $67,000

Total Commitments ($USD)

Platform

Republic

Start Date

07/27/2021

Close Date

Not Provided

Min. Goal
$750
Max. Goal
$15,000,000
Min. Investment

$750

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$80,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/18/2022

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$156

# of Investors

14

Momentum
Funded
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Year Founded

2015

Industry

Beauty & Personal Care

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Santa Monica, California

Business Type

Growth

Olive Tree People is raising funds independently through Reg A+ crowdfunding. The company is revolutionizing the beauty products industry with its unique skincare products and cosmetics. The products of Olive Tree People are unique as they use 100% organic bioactive beauty elixir instead of water. Olive Tree People has generated $22.1 million in revenue from 2016 to 2020, with a 35% revenue growth in 2020 alone. Thomas Lommel founded Olive Tree People in 2016. The current crowdfunding campaign has no minimum target and a maximum target of $15,000,000. The campaign proceeds will be used for product development, marketing and promotion, new store locations, and general and administrative expenses.

Balance Sheet

Cash and Cash Equivalents

$750,340

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$319,103

Loans

$0

Property, Plant and Equipment (PP&E)

$2,247,236

Property and Equipment

$0

Total Assets

$3,548,749

Accounts Payable & Accrued Liabilities

$4,335,640

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$4,335,640

Total Stockholders' Equity

$-786,891

Total Liabilities and Equity

$3,548,749

Statement of Comprehensive Income Information

Total Revenues

$7,150,708

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$7,021,393

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-1,354,697

Earnings Per Share - Basic

$-1.35

Earnings Per Share - Diluted

$-1.35

Auditor: INDIGOSPIRE CPA GROUP LLC
Financials as of: 07/27/2021
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Olive Tree People on Self-Managed 2021
Platform: Republic
Security Type: Equity - Common
Valuation: $80,000,000
Price per Share: $1.25

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