Sorting Robotics

Sorting Robotics

Growth Stage

Automating Cannabis Manufacturing

Automating Cannabis Manufacturing

Overview

Raised to Date: Raised: $11,705

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/26/2023

Close Date

02/26/2024

Min. Goal
$50,002
Max. Goal
$1,233,066
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.39

Pre-Money Valuation

$50,001,750

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/08/2023

Days Remaining

80

% of Min. Goal

23%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$272

Momentum
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Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Vannuys, California

Business Type

Growth

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: 10/26/2023
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Sorting Robotics on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $50,001,750
Price per Share: $6.39

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