Vitiman Kandie
Innovative line of natural herbs and juices
Overview
Raised: $7,725
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/07/2021
Close Date
09/14/2021
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/13/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$114
# of Investors
13
Momentum
Not Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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: 07/07/2021
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