Element Apothec
Early Stage
Disruptive and Innovative CBD Body Care and Wellness Products Focused on Clean/Science
Overview
Raised: $118,594
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/05/2020
Close Date
08/31/2021
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,062,500
Valuation Cap
$3,500,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/04/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$282
# of Investors
126
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Element Apothec, with a $4 million valuation cap, is raising funds on Wefunder. The company makes innovative CBD body care and wellness products. The products adhere to the ‘never, ever promise’ of the company stating that Element Apothec will never use harmful or toxic substances. The Element Apothec products use a proprietary blend of THC-free hemp-derived CBD, CBN, and CBG, essential oils, and natural ingredients. The company was founded by Davina Fernholtz and David Crowther in 2020 and has raised over $40,000 since its inception. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $500,000. The funds will be used for expenses related to packaging, raw materials, and manufacturing, for marketing, business development, and strategic partnerships. Element Apothec is launching over ten experience-tested products in the market and is dedicated to the highest standards of quality and trust.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,999 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,051 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,601 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/05/2020
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