Hempzene

Neutral
BETA

We market CBD directly to consumer via entertaining/informative long-form media

Analytics

Raised to Date: $16,409

Aggregate Commitments $
Platform

Wefunder

Start Date

11/13/2020

Close Date

04/23/2021

Min. Goal

$75,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

56

% of Min. Goal

22%

% of Max. Goal

15%

Likelihood of Max
Avg. Daily Raise

$159

Momentum
Location

Beverly, Massachusetts

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Hempzene, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company markets and sells high-quality CBD products for health and wellness directly to the consumers. Hempzene tells its story through informative long-form television media and online content. Michael Sciucco founded Hempzene in June 2020 and has raised $163,000 since its inception. The current round of crowdfunding has a minimum raise of $75,000 and a maximum raise of $107,000, and the funds will be used for customer acquisition and product inventory. Hempzene has aired 3,062 long-form advertisements and acquired almost 2,700 customers through September 2020. The company has reported a three times growth in total revenue since December 2019.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$467,556

$23,696

COGS

$76,808

$7,987

Tax

$0

$0

 

 

Net Income

$-152,553

$-32,294

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$11,433

$0

Accounts Receivable

$42,993

$0

Total Assets

$105,358

$0

Short-Term Debt

$139,804

$0

Long-Term Debt

$150,000

$0

Total Liabilities

$289,804

$0

Ratings

last updated 02/25/2021

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