PuraVerde

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.

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Investment Overview

Raised this Round: Raised: $7,500

Deal Terms

Total Commitments ($USD)

Platform
Dalmore Group
Start Date
08/11/2022
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

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Location
Broken Arrow, Oklahoma
Business Type
Growth
Company Website
Visit Website

Team

Employees
26
Prior Founder Exits?
No
Founder Name
Peter Bishop
Title
CFO
Founder Name
Ryan Bishop
Title
COO, Vice President and Director
Founder Name
Matthew Mastrangelo
Title
CEO, President and Director

Financials

 Revenue -2.1% YoY
$5,813,732
 Monthly Burn
$53,477
 Runway
0.6 months

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
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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+
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Add to portfolio
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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