Overview
Raised: $406,500
Total Commitments ($USD)
Platform
MainVest
Start Date
09/28/2023
Close Date
02/26/2024
Min. Goal
$250,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rev. Share %
1.20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,710
# of Investors
324
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
Apex Noire Cannabis is raising funds on MainVest. It is a full-service experiential cannabis retail location in Faneuil Hall in Boston, MA. The location consists of a cannabis retail shop, edible factory, cocktail bar, and lounge. Apex Noire Cannabis has already secured the medical marijuana license and signed two host community agreements with the City of Boston and the City of Medford. Tito Jackson founded Apex Noire Cannabis in June 2019. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for growth capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-878,423 |
$-783,491 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$45,126 |
$49,170 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,646,316 |
$3,717,352 |
|
Short-Term Debt |
$1,312,586 |
$624,717 |
|
Long-Term Debt |
$3,538,425 |
$3,593,908 |
|
Total Liabilities |
$4,851,011 |
$4,218,625 |
Financials as of: 09/28/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Apex Noire Cannabis (previously Apex Noire) | 05/14/2024 | MainVest | - | $3,600 | Revenue Share | Active | RegCF |
| Apex Noire Cannabis | 02/25/2024 | MainVest | - | $406,500 | Revenue Share | Funded | RegCF |
| Apex Noire | 01/13/2022 | MainVest | - | $735,300 | Revenue Share | Not Funded | RegCF |
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