Med-X

Underweight
BETA

Making a Difference, Naturally.

Analytics

Raised to Date: $12,335

Aggregate Commitments $
Platform

TruCrowd

Start Date

05/25/2020

Close Date

10/31/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$420

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$88,552,772

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

4

% of Min. Goal

123%

% of Max. Goal

1%

Likelihood of Max
Avg. Daily Raise

$81

# of Investors

8

Momentum
Location

Canoga Park, CA

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Med-X, with a pre-money valuation of $88.5 million, is raising funds on TruCrowd. The company has developed many all-natural and plant-based brands that are replacing chemicals to solve the everyday issues of people. The products are sold through major retail and healthcare distributors. The flagship product lines of Med-X include Nature-Cide and Thermal-Aid. Med-X is led by Dr. David Toomey and Matthew Mills and was founded in 2014. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for future growth and expansion. Med-X has a high demand and is known for its all-natural solutions in the fields of pest control and pharmaceuticals.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$801,874

$646,917

COGS

$551,141

$451,329

Tax

$0

$0

 

 

Net Income

$-4,029,738

$-3,433,277

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$219,983

$709,723

Accounts Receivable

$53,502

$73,200

Total Assets

$1,387,444

$1,819,090

Short-Term Debt

$912,175

$1,045,569

Long-Term Debt

$22,715

$0

Total Liabilities

$934,890

$1,098,590

Ratings

last updated 10/27/2020

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Analyst Report

Underweight
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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