Uncle Arnie's
Growth Stage
Cannabis Infused Beverages.
Overview
$194,223 - RegCF
$439,271 - Total
$439,271 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
12/18/2022
Close Date
01/27/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$1,010
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$101.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,980
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 12/18/2022
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