Cornbread Hemp
USDA-Certified Organic CBD
Analytics
Raised to Date: $306,262
Aggregate Commitments $
Wefunder
04/06/2020
10/31/2020
$50,000
$400,000
$100
Convertible Note
RegCF
Pre-Seed
$4,000,000
15%
Weekly Commitments $
Active
09/23/2020
35
613%
77%
$1,802
696
Louisville, KY
Alcohol, Tobacco, & Recreational Drugs
Non-Tech
B2B/B2C
Medium
High
Cornbread Hemp, with a valuation cap of $4 million, is raising funds on WeFunder. It is an authentic CBD brand that offers USDA-certified organic hemp wellness products to consumers in America. The products of Cornbread Hemp include CBD oils and other wellness products and are sold through health food stores, pharmacies, co-ops, and website. Cornbread Hemp was founded by Eric Zipperle and Jim Higdon in 2019 and has raised over $160,000 since its founding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $107,000, and the funds will be used towards marketing initiatives, payroll and staff expansion, inventory expansion, and R&D. Cornbread Hemp generates an average monthly profit of $4,000 to $6,000 and reported 52% revenue growth from 2019 to 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$180,734 |
$0 |
|
COGS |
$93,966 |
$0 |
|
Tax |
$175 |
$0 |
| ||
| ||
|
Net Income |
$-374 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,122 |
$0 |
|
Accounts Receivable |
$10,001 |
$0 |
|
Total Assets |
$120,428 |
$0 |
|
Short-Term Debt |
$20,702 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$20,702 |
$0 |
Ratings
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Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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