Cornbread Hemp

USDA-Certified Organic CBD
Analytics
Raised to Date: $496,400
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 $
11/01/2020
993%
124%
$2,387
898
Louisville, Kentucky
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 |
Analyst Report
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