Cherry Street Pharmacy

Neutral
BETA

One-stop pharmacy that has filled over 72,000 prescriptions since April 2019

Analytics

Raised to Date: $45,410

Aggregate Commitments $
Platform

Microventures

Start Date

08/19/2020

Close Date

11/30/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$13,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

72

% of Min. Goal

182%

% of Max. Goal

4%

Likelihood of Max
Avg. Daily Raise

$1,622

# of Investors

89

Momentum
Location

Tulare, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Cherry Street Pharmacy, with a $15 million valuation cap, is raising funds on MicroVentures. It is a one-stop pharmacy that delivers healthcare services to underserved areas. It offers services, including personalized health programs, prescription delivery, pet care, and health content. Dr. Wenbo Liu founded Cherry Street Pharmacy in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for campaign marketing, general marketing, research and development, equipment, future wages, and general working capital. Cherry Street Pharmacy has filled over 72,000 prescriptions since April 2019, with a record-high of 5,800 prescriptions filled in June 2020. The pharmacy plans to expand into a second location by 2021.

Ratings

last updated 09/16/2020

Research

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