True Nopal

True Nopal

Growth Stage

The Original Cactus Water

The Original Cactus Water

Overview

Raised this Round: Raised: $2,707

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/16/2024

Close Date

11/13/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$7,500,000

Year Founded

2024

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

Scottsdale, Arizona

Business Type

Growth

True Nopal, with a valuation of $7.5 million, is raising funds on StartEngine. It is one of the top-selling cactus water brands globally. True Nopal is the creator of The Original Cactus Water, which is made with the fruit of the prickly pear cactus. The cactus water of True Nopal is low-calorie, all-natural, and a good source of electrolytes, magnesium, and potassium. The product is currently available in Whole Foods, Sprouts, and Walmart and plans to expand to major retailers like Safeway, Kroger, Club, and C-stores soon. Tom Zummo founded True Nopal in August 2024. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,411,895

$1,496,278

COGS

$715,116

$778,350

Tax

$0

$0

 

 

Net Income

$-85,440

$-290,205

Summary Balance Sheet

FY 2023 FY 2022

Cash

$55,246

$23,827

Accounts Receivable

$14,206

$86,649

Total Assets

$3,492,492

$3,659,648

Short-Term Debt

$148,377

$177,565

Long-Term Debt

$340,207

$380,415

Total Liabilities

$488,584

$557,980

Financials as of: 08/16/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
True Nopal 11/13/2024 StartEngine $7,500,000 $2,707 Equity - Common Active RegCF

No prior online funding rounds.

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Add to portfolio
True Nopal on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,500,000
Price per Share: $2.50

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Follow True Nopal on StartEngine 2024

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