Apex Noire Cannabis (previously Apex Noire)
Cannabis Business
Overview
Raised: $3,600
Total Commitments ($USD)
Platform
MainVest
Start Date
03/14/2024
Close Date
05/15/2024
Min. Goal
$25,000
Max. Goal
$125,000
Min. Investment
$100
Security Type
Revenue Share
Series
Series A
SEC Filing Type
RegCF
Return Multiple
1.60X
Rev. Share %
0.14%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/28/2024
Days Remaining
16
% of Min. Goal
14%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$80
# of Investors
17
Momentum
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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, Massachusetts. 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 $25,000 and a maximum target of $125,000. The campaign proceeds will be used for growth capital to commence operations of Edible Kitchen and Roof Deck Bar and Lounge.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-878,423 |
$-783,491 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
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: 03/14/2024
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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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