Uncle Arnie's

Uncle Arnie's

Closed: Jan. 2023

About this raise

Uncle Arnie's, with a valuation of $20 million, is raising funds on SeedInvest. The company is an accessible and delicious cannabis beverage brand to speak to the hippy, legacy consumer. Arnie’s is potent, tasty, and packed with nanomolecular technology. Ave Miller founded Uncle Arnie’s in Q2 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,235,000. The campaign proceeds will be used for state-by-state expansion, research and development, marketing, building inventory and HR.

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Investment Overview

Invested this round:
$194,223 - RegCF
$439,271 - Total

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
12/19/2022
Close Date
01/27/2023
Min. Goal
$25,000
Max Goal
$1,235,000
Min. Investment

$1,010

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$101.00

Pre-Money Valuation

$20,000,000

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Walnut Creek, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Theo Terris
Title
CEO

Financials

 Revenue +218% YoY
$1,268,000
as of FY2021
 Monthly Burn
$121,200
as of FY2021
 Runway
0.7 months
as of FY2021
 Gross Margin
40%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$1,268,000

$398,077

COGS

$760,846

$190,628

Tax

$0

$0

 

 

Net Income

$-1,454,404

$-242,337

Summary Balance Sheet

FY 2021 FY 2020

Cash

$87,615

$18,412

Accounts Receivable

$219,936

$37,777

Total Assets

$1,264,116

$649,541

Short-Term Debt

$622,232

$51,877

Long-Term Debt

$2,108,625

$610,000

Total Liabilities

$2,730,857

$661,877

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/27/2023 SeedInvest $20,000,000 $439,271 Equity - Common Funded RegCF / RegD 506(c)
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Add to portfolio
Uncle Arnie’s on SeedInvest 2022
Platform: SeedInvest
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $101.00

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Follow Uncle Arnie’s on SeedInvest 2022

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Warning: according to the close date for this deal, Uncle Arnie's may no longer be accepting investments.

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