Seven Point

Seven Point

Cannabis Business

Cannabis Business

Overview

Raised to Date: Raised: $30,700

Total Commitments ($USD)

Platform

MainVest

Start Date

09/27/2022

Close Date

01/24/2023

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

0.80%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
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

Location

Chicago, Illinois

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: 09/27/2022
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Seven Point on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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