AphriHelios Global
Leveraging Africa's low-production cost advantage to build a vertically integrated cannabis company bringing African and African diaspora brands to the world
Analytics
Raised to Date: $30,450
Aggregate Commitments $
Platform
Fundanna
Start Date
01/25/2021
Close Date
06/25/2021
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$250
Security Type
Convertible Note
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
$15,000,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
04/21/2021
Days Remaining
63
% of Min. Goal
305%
% of Max. Goal
28%
Likelihood of Max
Avg. Daily Raise
$354
# of Investors
43
Momentum
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Location
Bethesda, Maryland
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
AphriHelios Global, with a pre-money valuation of $18.56 million, is raising crowdfunding on Fundanna. The company aims to become a vertically integrated medicinal cannabis company by leveraging Lesotho’s low-cost production advantage. It will cultivate cannabis in Africa due to the warm climate, rich soil, and agricultural expertise in the country. Darin E. Hickman founded AphriHelios Global in July 2020. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used for sales and marketing, license renewal, site concept and design, events and travel, and general operating expenses. AphriHelios Global is led by a highly experienced management team and has received the initial Lesotho license for cannabis cultivation.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,991 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,972 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$13,319 |
$0 |
|
Short-Term Debt |
$16,310 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$16,310 |
$0 |
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