First Crop

CBD health and wellness company that develops, manufactures, and sells its branded CBD-based products

Analytics

Raised to Date: $152,414

Aggregate Commitments $
Platform

Microventures

Start Date

04/13/2021

Close Date

09/13/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$13,444,320

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

92

% of Min. Goal

305%

% of Max. Goal

14%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,499

# of Investors

181

Momentum
cold
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Santa Fe, New Mexico

Industry

Healthcare & Pharmaceuticals

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

First Crop, with a pre-money valuation of $13.44 million, is raising funds on MicroVentures. The company makes and sells its branded CBD-based products in the consumer health and wellness space. It also offers CBD oil extraction and hemp processing services for a fee. David Weir, Jane Pinto, and David Armstrong founded First Crop in March 2019. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards marketing, R&D, manufacturing, and general & administrative expenses. First Crop reported a 508% growth in monthly net revenue from September 2020 to February 2021. The company brought 24 new products to the market in the third and fourth quarters of 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$331,362

$0

COGS

$341,320

$0

Tax

$0

$0

 

 

Net Income

$-1,472,629

$-1,549,170

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$323,401

$199,692

Accounts Receivable

$10,877

$0

Total Assets

$2,587,352

$1,925,609

Short-Term Debt

$394,908

$4,108

Long-Term Debt

$551,127

$647,459

Total Liabilities

$946,035

$651,567

Log in or create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Other Deals

Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegA+
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegA+
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add First Crop on MicroVentures
Follow company
Follow First Crop on MicroVentures
Want to learn more about First Crop?
Join the Pre-IPO Market’s #1 Ratings & Analytics Service FREE for 7 days.
Yes! I want to start my free trial.
Already a member? Log in here.
Invest Now