Rooted In

Early Stage

Cannabis Business

Analytics

Raised to Date: Raised: $112,900

Aggregate Commitments $

Platform

MainVest

Start Date

11/07/2022

Close Date

12/23/2022

Min. Goal

$100,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

14

% of Min. Goal

113%

% of Max. Goal

91%

Likelihood of Max
extremely
Avg. Daily Raise

$3,528

# of Investors

55

Momentum
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Location

Boston, Massachusetts

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Rooted In is raising funds on MainVest. It is a community-conscious cannabis business in Boston, Massachusetts. The business will open as a boutique cannabis retail shop in the winter of 2022 and will offer high-quality curated products, online ordering for express pickup, expert budtenders and trained staff, and touch screen technology to assist customers. Rooted In works on a shared benefits model and channels its funds back to the BIPOC communities in Boston. Joanne Keith, Brian Keith, Solmon Chowdhury, and Rokeya Begum founded Rooted In in March 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $124,000. The campaign proceeds will be used to complete the construction of the retail shop.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,219,005

$0

Accounts Receivable

$0

$0

Total Assets

$1,669,790

$0

Short-Term Debt

$8,800

$0

Long-Term Debt

$1,660,990

$0

Total Liabilities

$1,669,790

$0

Financials as of: 11/07/2022
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Rooted In on MainVest 2022
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Platform: MainVest
Security Type: Revenue Share

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