The High End
Cannabis Business
Overview
Raised: $6,100
Total Commitments ($USD)
Platform
MainVest
Start Date
03/28/2024
Close Date
05/17/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rev. Share %
1.75%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
19
% of Min. Goal
12%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$203
# of Investors
10
Momentum
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
The High End is raising funds on MainVest. It is an upcoming cannabis business in Holyoke, Massachusetts. The High End is focused on living soil, full spectrum, and ethically-produced cannabis and cares about sustainability, transparency, and community. The business has a 60,000-square-foot building in Holyoke that will be used for living soil cultivation, manufacturing, and clean extraction and processing of cannabis. Helen Gomez Andrews and Chris Andrews founded The High End in January 2019. 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 equipment, labor, branding, and marketing.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-19,923 |
$-42,624 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$1,181 |
$1,256 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$453,262 |
$442,037 |
|
Short-Term Debt |
$38,697 |
$0 |
|
Long-Term Debt |
$311,250 |
$311,250 |
|
Total Liabilities |
$349,947 |
$311,250 |
Financials as of: 03/28/2024
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