Virtudes Labs

Virtudes Labs

Early Stage

Jamaican Grown with Virtue

Jamaican Grown with Virtue

Overview

Raised to Date: Raised: $10,860

Total Commitments ($USD)

Platform

Fundanna

Start Date

07/28/2020

Close Date

11/06/2020

Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$5,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$108

# of Investors

28

Momentum
Funded
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Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Dallas, Texas

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: 07/28/2020
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Virtudes Labs on Fundanna
Platform: Fundanna
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $0.50

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Warning: according to the close date for this deal, Virtudes Labs may no longer be accepting investments.

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