Union Electric

Early Stage

Premium & affordable cannabis from California’s top cultivators.

Analytics

Raised to Date: Raised: $279,870

Aggregate Commitments $

Platform

Republic

Start Date

07/01/2021

Close Date

11/01/2021

Min. Goal

$25,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$30,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

11/28/2021

Days Remaining
Funded
% of Min. Goal

1,119%

% of Max. Goal

6%

Likelihood of Max
Funded
Avg. Daily Raise

$2,275

Momentum
Funded
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Los Angeles, California

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

High Growth

Union Electric, with a $30 million valuation cap, is raising funds on Republic. The company sells premium and affordable cannabis flowers from the top cultivators of California. Union Electric does not invest in expensive infrastructure and has built its business through relationships and alliances with leaders across the supply chain. Alexander Max Goldstein founded Union Electric in January 2020. The current crowdfunding raise has a minimum goal of $25,000 and a maximum goal of $5,000,000, and the funds will be used for growth and expansion. Union Electric generated $900,000 in revenue in 2020 and $400,000 in revenue between May 15 and June 15, 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$924,429

$0

COGS

$779,871

$0

Tax

$0

$0

 

 

Net Income

$-644,070

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$670,675

$0

Accounts Receivable

$43,534

$0

Total Assets

$1,298,270

$0

Short-Term Debt

$70,228

$0

Long-Term Debt

$1,559,032

$0

Total Liabilities

$1,629,260

$0

Financials as of: 07/01/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Union Electric on Republic 2021
$
Platform: Republic
Security Type: SAFE
Valuation: $30,000,000

Follow company

Follow Union Electric on Republic 2021