Calyx Cultivation Tech

Neutral
BETA

Advanced Grow Light Manufacturer with the first AI Patented Technology

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Wefunder

Start Date

02/20/2020

Close Date

08/16/2020

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,900,000

Discount Rate

10%

Weekly Commitments $
Status
Not Funded
Reporting Date

08/16/2020

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
Location
Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Calyx Cultivation Tech, with a valuation cap of $5.9 million, is raising funds on WeFunder. The company has created a patented AI-powered grow light that helps to control and regulate plant growth. The grow light has different spectrums and antifungal capabilities to harness all aspects of the growth cycle of plants. Calyx Cultivation Tech was founded by John C Higgins in June 2018 and has raised over $1.2 million since its inception. The current round of crowdfunding has a minimum goal of $150,000 and a maximum goal of $1,000,000, and the funds will be used towards sales, marketing, business development, raw materials, and working capital. Calyx Cultivation Tech is developing a groundbreaking technology that will revolutionize the farming and agriculture industry.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$27,916

$2,624

COGS

$13,870

$7,078

Tax

$0

$0

 

 

Net Income

$-382,746

$-130,018

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,046

$347,076

Accounts Receivable

$148,730

$67,245

Total Assets

$1,559,892

$1,708,898

Short-Term Debt

$176,126

$54,000

Long-Term Debt

$607,489

$0

Total Liabilities

$783,615

$679,893

Ratings

last updated 08/23/2020

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