Virtudes Labs

Early Stage

Jamaican Grown with Virtue

Analytics

Raised to Date: Raised: $10,860

Aggregate Commitments $

Platform

Fundanna

Start Date

07/29/2020

Close Date

11/07/2020

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$5,000,000

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal

109%

% of Max. Goal

4%

Likelihood of Max
Funded
Avg. Daily Raise

$108

# of Investors

28

Momentum
Funded
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Location

Dallas, Texas

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Virtudes Labs, with a pre-money valuation of $5 million, is raising crowdfunding on Fundanna. It is an upcoming producer and processor of high-quality CBD oil from Jamaican farms. The company is vertically integrated and has recently acquired land in Jamaica for its first hemp crop. Virtudes Labs was founded by Jamiel Jamieson and Farrah Zargaran in July 2019. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $250,000, will be used for marketing, research & development, equipment, material, and labor. Virtudes Labs is already in advanced talks with companies that have experience in farming hemp as well as the prospective buyers for its biomass, CBD, and refined oil.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-311,457

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$1,200

$0

Total Assets

$666,200

$0

Short-Term Debt

$2,397

$0

Long-Term Debt

$0

$0

Total Liabilities

$2,397

$0

Financials as of: 07/29/2020
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Virtudes Labs on Fundanna
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Platform: Fundanna
Security Type: Equity - Common
Valuation: $5,000,000

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