U.S. Hemp Company

U.S. Hemp Company

Closed: Feb. 2024

About this raise

U.S. Hemp Company, with a valuation of $9 million, is raising funds on NetCapital. It is a Greentech company focused on developing sustainable fabrics for outdoor gear, service uniforms, and apparel. U.S. Hemp Company aims to reduce microplastic pollution, replace cotton-plastic blends, and help organizations achieve sustainability. The business uses high-quality hemp fiber to make its fabrics and is committed to quality and innovation. Michael Coleman founded the U.S. Hemp Company in May 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for salaries, R&D, admin and office, marketing, and brand development.

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Investment Overview

Not Funded: $3,510

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
12/07/2023
Close Date
02/16/2024
Min. Goal
$10,000
Max Goal
$500,000
Min. Investment

$120

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$9,000,000

Company & Team

Company

Year Founded
2023
Industry
Apparel & Fashion
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Tuxedo Park, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Michael Robert Coleman
Title
CEO
Founder Name
Yorick Evans-Freke
Title
Chief Business Officer

Financials

 Revenue
$0
as of FY2022
 Cash on Hand
$0
as of FY2022

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/16/2024 Netcapital $9,000,000 $3,510 Equity - Common Not Funded RegCF
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Add to portfolio
U.S. Hemp Company on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $9,000,000
Price per Share: $10.00

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Follow U.S. Hemp Company on NetCapital 2023

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Warning: according to the close date for this deal, U.S. Hemp Company may no longer be accepting investments.

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