PuraVerde

PuraVerde

Growth Stage

Farm to Pharma

Farm to Pharma

Overview

Raised to Date: Raised: $7,500

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

08/10/2022

Close Date

Not Provided

Min. Goal
$750
Max. Goal
$50,000,000
Min. Investment

$750

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.50

Pre-Money Valuation

$362,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2023

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

$28

# of Investors

4

Momentum
Funded
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Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Broken Arrow, Oklahoma

Business Type

Growth

PuraVerde is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company functions as medical marijuana, THC, and CBD processor and grower. It is a leading innovator in Oklahoma’s medical cannabis market and aims to use the latest technology to formulate, test, and package medical cannabis products. PuraVerde has its own line of flowers, pre-rolls, cartridges, gummies, concentrates, cookies, brownies, drinks, candies, and bulk cannabis oils. Matthew Mastrangelo, Ryan Bishop, and Peter Bishop founded PuraVerde in November 2018. The current crowdfunding campaign has a maximum target of $49,999,999.50. The campaign proceeds will be used for debt repayment and working capital.

Balance Sheet

Cash and Cash Equivalents

$31,787

Accounts and Notes Receivable

$171,388

Property, Plant and Equipment (PP&E)

$3,598,264

Total Assets

$5,128,682

Accounts Payable & Accrued Liabilities

$2,439,651

Long Term Debt

$4,095,776

Total Liabilities

$6,535,427

Total Stockholders' Equity

$-1,406,745

Total Liabilities and Equity

$5,128,682

Statement of Comprehensive Income Information

Total Revenues

$5,813,732

Costs & Expenses Applicable to Rev

$4,674,643

Depreciation and Amortization

$205,009

Net Income

$-641,722

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Martin Hood, LLC
Financials as of: 08/10/2022
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PuraVerde on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $362,000,000
Price per Share: $1.50

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