Snowbelt Cannabis

Snowbelt Cannabis

Closed: May. 2024

About this raise

Snowbelt Cannabis is raising funds on MainVest. It is a legal cannabis business and plans to become the legal cannabis cultivator in the city of Jamestown, New York. The business will cultivate cannabis sustainably and will ensure environment consciousness, low energy consumption, proper recycling, and water conservation. Snowbelt Cannabis will focus on a high-quality, safe, and high-grade product. Ashley Baron and Ryan Peterson founded Snowbelt Cannabis in August 2021. The current crowdfunding campaign has a minimum target of $80,000 and a maximum target of $107,000. The campaign proceeds will be used for supplies, labor, and buildout.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
01/31/2022
Close Date
05/17/2024
Min. Goal
$80,000
Max Goal
$107,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.80X

Rev. Share %

4.90%

Company & Team

Company

Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Jamestown, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Ashley Baron
Title
CEO
Founder Name
Ryan Peterson
Title
Cultivation Manager

Funding data not publicly available

Financials

 Revenue
$0
 Cash on Hand
$0

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

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
05/17/2024 MainVest - $0 Revenue Share Not Funded RegCF
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Add to portfolio
Snowbelt Cannabis on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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Follow Snowbelt Cannabis on MainVest 2022

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Warning: according to the close date for this deal, Snowbelt Cannabis may no longer be accepting investments.

Snowbelt Cannabis Deal Report

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