Dr Strains
Early Stage
Invest in one of America's top 5 CBD flower companies. $245k profit since 2019!
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/23/2020
Close Date
10/11/2020
Min. Goal
$250,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/10/2020
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
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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 |
Financials as of: 07/23/2020
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