Dr Strains

Neutral
BETA

Invest in one of America's top 5 CBD flower companies. $245k profit since 2019!

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Wefunder

Start Date

07/24/2020

Close Date

10/11/2020

Min. Goal

$250,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

15%

Weekly Commitments $
Status
Not Funded
Reporting Date

10/11/2020

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

Orlando, FL

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Life Style

Dr Strains, with a valuation cap of $7 million, is raising crowdfunding on Wefunder. The company is an online retailer of hemp flower and CBD. Dr Strains sources high-quality products and is one of the top five CBD flower brands in America. Dr Strains was founded by Kye Scott in 2019 and has raised $11,000 since its inception. The current round of crowdfunding has a minimum target of $250,000 and a maximum target of $1,070,000. The funds will be used for leasing a warehouse, hiring, and cultivation. Dr Strains has generated $700,000 in revenue and $245,000 in sales since starting in September 2019. The company is vertically integrated and has over 10,000 customers.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$239,646

$0

COGS

$104,798

$0

Tax

$416

$0

 

 

Net Income

$62,747

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,511

$0

Accounts Receivable

$0

$0

Total Assets

$101,869

$0

Short-Term Debt

$37,871

$0

Long-Term Debt

$0

$0

Total Liabilities

$37,871

$0

Ratings

last updated 10/11/2020

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