PuraVerde
[Closed for Investment] 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.
Investment Overview
Raised: $7,500
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -2.1% YoY
- $5,813,732
- Monthly Burn
- $53,477
-
Runway
- 0.6 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
05/05/2023 | Dalmore Group | $362,000,000 | $7,500 | Equity - Common | Funded | RegA+ |