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
unlikely
Avg. Daily Raise

$354

# of Investors

43

Momentum
cold
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Location

Bethesda, Maryland

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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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