Calyx Cultivation Tech
Early Stage
Advanced Grow Light Manufacturer with the first AI Patented Technology
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/19/2020
Close Date
08/16/2020
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,900,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/15/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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 |
$625,893 |
|
Total Liabilities |
$783,615 |
$679,893 |
Financials as of: 02/19/2020
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