Snowbelt Cannabis
Legal Cannabis Business
Overview
Raised: $71,900
Total Commitments ($USD)
Platform
MainVest
Start Date
01/31/2022
Close Date
05/31/2024
Min. Goal
$80,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.80X
Rev. Share %
4.90%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
181
% of Min. Goal
90%
% of Max. Goal
67%
Likelihood of Max
Avg. Daily Raise
$107
# of Investors
163
Momentum
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 01/31/2022
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