Good Earth Organics

Neutral
BETA

Premium certified organic potting soils and nutrients for toxin-free cannabis and hemp plants

Analytics

Raised to Date: $268,458

Aggregate Commitments $
Platform

SeedInvest

Start Date

08/21/2020

Close Date

12/31/2020

Min. Goal

$500,000

Max. Goal

$10,000,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegA+

Valuation

$23,408,305

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

72

% of Min. Goal

54%

% of Max. Goal

3%

Likelihood of Max
Avg. Daily Raise

$4,629

Momentum
Location

Cave Junction, OR

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Good Earth Organics, with a pre-money valuation of $23.4 million, is raising crowdfunding on SeedInvest through Reg A+ crowdfunding. The company formulates and manufactures premium organic potting soils and nutrients to grow toxin-free hemp and cannabis plants. The proprietary soil blends of Good Earth Organics are approved by OMRI and Clean Green. Roy Leon founded Good Earth Organics in 2008 and has raised over $940,000 since the inception. The proceeds of the current crowdfunding round, with a minimum goal of $500,000 and a maximum goal of $10,000,000, will be used for brand acquisitions, marketing, equipment, research & development, and working capital. Good Earth Organics reported revenue growth of 43% in 2019 compared to 2018 and a 60% growth in the first half of 2020 compared to the first half of 2019.

Balance Sheet

Cash and Cash Equivalents

$459,160

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$744,988

Property and Equipment

$0

Total Assets

$3,053,705

Accounts Payable & Accrued Liabilities

$383,875

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$972,839

Total Liabilities

$2,214,864

Total Stockholders' Equity

$838,841

Total Liabilities and Equity

$3,053,705

Statement of Comprehensive Income Information

Total Revenues

$3,088,256

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$2,137,125

Total Interest Expenses

$0

Depreciation and Amortization

$240,857

Net Income

$-1,121,227

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: Liggett & Webb P.A.
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