Spero CBD

Spero CBD

Early Stage

Full Spectrum Health.

Full Spectrum Health.

Overview

Raised to Date: Raised: $1,069,877

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/15/2019

Close Date

10/12/2020

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,351

# of Investors

2,320

Momentum
Funded
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Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Oakland, California

Business Type

Life Style

Spero CBD, with a valuation cap of $6 million, is raising funds on StartEngine. The company offers high-quality, premium, and consistent CBD products to the market. The products of Spero CBD include oil-based tinctures, gel caps, and pet products, and all the products are THC free and organically produced. Spero CBD was founded by David Allred, Tim Handley, Justin Jarin, Christine Gutleben, Mike Van Der Heijden, Lyndsey Jordan, Ashley Rocha, and Aline Garcia, and has already raised over $50,000 from the founders. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The products of Spero CBD appeal to a varied demographic and are soon to include skin products, vape cartridges, and CBD water for pets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$140

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-28,565

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$249

$0

Accounts Receivable

$0

$0

Total Assets

$249

$0

Short-Term Debt

$0

$0

Long-Term Debt

$28,815

$0

Total Liabilities

$28,815

$0

Financials as of: 07/15/2019
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Spero CBD on StartEngine
Platform: StartEngine
Security Type: Convertible Note
Valuation: $6,000,000

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

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