Fog & Tree
Early Stage
Personal Products Infused with Cannabis Oils and Cannabinoids
Overview
Raised: $8,250
Total Commitments ($USD)
Platform
Microventures
Start Date
07/07/2020
Close Date
02/21/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/27/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$36
# of Investors
38
Momentum
Not Funded
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Year Founded
2019
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Fog & Tree, with a valuation cap of $2.5 million, is raising funds on MicroVentures. The company makes personal products infused with cannabis oils and cannabinoids. The products are natural, with a versatile fragrance that has several olfactory benefits. The product line of Fog & Tree includes Eau de Parfum, CBD Beard Conditioner, and Hair Mask Treatment. Fog & Tree was founded by Elizabeth Kost and Jason Foraker in 2018 and has raised over $200,000 in previous rounds of financing. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The funds will be used for general marketing, manufacturing, sampling program, and future wages. Fog & Tree has run two successful promos with Touch of Modern and has signed retail agreements with many brick-and-mortar businesses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/07/2020
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