SunDrift
Cannabis Business
Overview
Raised: $56,300
Total Commitments ($USD)
Platform
MainVest
Start Date
07/06/2023
Close Date
09/08/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rev. Share %
1.40%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$655
# of Investors
83
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
SunDrift is raising funds on MainVest. The cannabis business makes full-spectrum craft cannabis edibles and sells them in Massachusetts. The business is based on sustainable practices, furthering social justice, and enabling wellbeing. SunDrift’s nano-infused hard candies come in four great-tasting flavors and work well for the discrete consumption of cannabis. David Hollands, Janine Yu, and Jon Pollock founded SunDrift in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for sales and marketing, inventory, operations, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
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: 07/06/2023
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