Seven Point

Early Stage

Cannabis Business

Analytics

Raised to Date: Raised: $23,300

Aggregate Commitments $

Platform

MainVest

Start Date

09/28/2022

Close Date

12/02/2022

Min. Goal

$75,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

11/28/2022

Days Remaining

4

% of Min. Goal

31%

% of Max. Goal

19%

Likelihood of Max
unlikely
Avg. Daily Raise

$382

# of Investors

35

Momentum
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Location

Chicago, Illinois

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Seven Point is raising funds on MainVest. It is an independent cannabis company in Danville, Illinois. The company plans to open a medical cannabis dispensary based on its successful experience of opening and running a dispensary in Oak Park. Seven Point has received all the necessary zoning approvals from the City of Danville and has acquired the property to house the dispensary. Brad Zerman and Amy Lee founded Seven Point in October 2019. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used for purchasing a security system, product displays, product shelving, and art installation.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-216,853

$-191,955

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/28/2022
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Seven Point on MainVest 2022
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Platform: MainVest
Security Type: Revenue Share

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