Good Earth Organics

Good Earth Organics

Growth Stage

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

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

Overview

Raised to Date: Raised: $2,938,506

Total Commitments ($USD)

Platform

SeedInvest

Start Date

08/20/2020

Close Date

08/14/2021

Min. Goal
$500,000
Max. Goal
$10,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.65

Pre-Money Valuation

$23,408,305

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$8,208

# of Investors

1,747

Momentum
Funded
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Year Founded

2018

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Cave Junction, Oregon

Business Type

Life Style

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

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$744,988

Total Assets

$3,053,705

Accounts Payable & Accrued Liabilities

$383,875

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

Costs & Expenses Applicable to Rev

$2,137,125

Depreciation and Amortization

$240,857

Net Income

$-1,121,227

Earnings Per Share - Basic

$-0.09

Earnings Per Share - Diluted

$-0.09

Auditor: Liggett & Webb P.A.
Financials as of: 08/20/2020
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Good Earth Organics on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $23,408,305
Price per Share: $1.65

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