Thrive and Grow Farms

Thrive and Grow Farms

Enhancing local food systems with regenerative agriculture

Enhancing local food systems with regenerative agriculture

Overview

Raised to Date: Raised: $108,892

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/25/2023

Close Date

11/07/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$200

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2023

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

$660

# of Investors

84

Momentum
Funded
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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: 05/25/2023
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Thrive and Grow Farms on Wefunder 2023
Platform: Wefunder
Security Type: Revenue Share

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