Vitiman Kandie

Early Stage

Innovative line of natural herbs and juices

Analytics

Raised to Date: Raised: $7,725

Aggregate Commitments $

Platform

Honeycomb

Start Date

07/08/2021

Close Date

09/14/2021

Min. Goal

$25,000

Max. Goal

$50,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status
Not Funded
Reporting Date

09/14/2021

Days Remaining
Not Funded
% of Min. Goal

31%

% of Max. Goal

15%

Likelihood of Max
Not Funded
Avg. Daily Raise

$114

Momentum
Not Funded
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Location

Cleveland, Ohio

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

Vitiman Kandie, a natural herbs and juices company, is raising funds on Honeycomb. The company brings a holistic approach to the wellness journey of people with its healthy and nutritious alternatives. The food options, herbs, and fitness plans of Vitiman Kandie provide nourishment, energy, and transformation. Mary Johnson founded Vitiman Kandie in April 2017. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $50,000, will be used towards payroll, inventory, and rent and utilities for the second West Side location. Vitiman Kandie’s Glenville location opened in January 2020 and thrived throughout the pandemic. The total revenue of the company quadrupled from 2019 to 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$72,825

$16,919

COGS

$29,917

$1,876

Tax

$0

$0

 

 

Net Income

$-2,321

$-10,557

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,700

$1,998

Accounts Receivable

$0

$0

Total Assets

$6,405

$1,998

Short-Term Debt

$5,698

$9,720

Long-Term Debt

$8,878

$0

Total Liabilities

$14,576

$9,720

Financials as of: 07/08/2021
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