Sorting Robotics
Growth Stage
Automating Cannabis Manufacturing
Overview
Raised: $50,033
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/25/2023
Close Date
04/15/2024
Min. Goal
$50,002
Max. Goal
$1,233,066
Min. Investment
$100
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$6.39
Pre-Money Valuation
$50,001,750
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/15/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$291
# of Investors
30
Momentum
Not Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Sorting Robotics, with a valuation of $50 million, is raising funds on Wefunder. The company is automating cannabis manufacturing, wherein all repetitive manual labor tasks will be done autonomously. Sorting Robotics uses artificial intelligence, computer vision, and mechanical design to automate pre-roll and infused pre-roll production for the cannabis industry. The business tripled its revenue from 2021 to 2022 and is cashflow positive in 2023. Nohtal Partansky and Cassio Santos founded Sorting Robotics in February 2018. The current crowdfunding campaign has a minimum target of $50,001.75 and a maximum target of $1.23 million. The campaign proceeds will be used for inventory, sales and marketing, and R&D.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,811,030 |
$1,351,770 |
|
COGS |
$1,286,797 |
$487,460 |
|
Tax |
$323,789 |
$365,767 |
| ||
| ||
|
Net Income |
$220,190 |
$278,282 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$640,277 |
$929,319 |
|
Accounts Receivable |
$1,571,006 |
$692,592 |
|
Total Assets |
$4,352,625 |
$2,416,531 |
|
Short-Term Debt |
$313,554 |
$33,957 |
|
Long-Term Debt |
$4,861,899 |
$3,276,200 |
|
Total Liabilities |
$5,175,453 |
$3,310,157 |
Financials as of: 10/25/2023
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