Thrive and Grow Farms
Enhancing local food systems with regenerative agriculture
Overview
Raised: $94,200
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/26/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$200
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
331
% of Min. Goal
188%
% of Max. Goal
76%
Likelihood of Max
Avg. Daily Raise
$11,775
Momentum
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Year Founded
2020
Industry
Farming & Agriculture
Tech Sector
AgriTech
Location
VAIL, Arizona
Thrive and Grow Farms is raising funds on Wefunder. The company is enhancing local food systems with regenerative agriculture. It has created a model for locally-sourced food and is teaching agricultural methods to conserve resources and create climate-smart commodities. Thrive and Grow Farms is working on turning a destructive farming model into a regenerative one and has resulted in a 580% increase in produce sales in one year. Michael Ismail and Kendyl Pond founded Thrive and Grow Farms in February 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 land ownership transfer down payment, vail demonstration farm development, payroll, turnkey farm development, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$21,272 |
$952 |
|
COGS |
$2,876 |
$10 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$18,399 |
$-468 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$3,008 |
$750 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,183 |
$2,925 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/26/2023
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