Seven Point
Cannabis Business
Overview
Raised: $30,700
Total Commitments ($USD)
Platform
MainVest
Start Date
09/28/2022
Close Date
01/24/2023
Min. Goal
$75,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
0.80%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
41%
% of Max. Goal
25%
Likelihood of Max
Funded
Avg. Daily Raise
$260
# of Investors
48
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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