My Green Network

Neutral
BETA

Shared kitchen spaces for developing, manufacturing, and distribution of cannabis and CBD infused products

Analytics

Raised to Date: $145,569

Aggregate Commitments $
Platform

Microventures

Start Date

11/17/2020

Close Date

04/12/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF / RegD 506(C)

Series

Seed

Valuation

$8,500,000

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

44

% of Min. Goal

291%

% of Max. Goal

14%

Likelihood of Max
Avg. Daily Raise

$1,470

# of Investors

125

Momentum
Location

Santa Ana, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Proptech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

My Green Network, with a pre-money valuation of $8.5 million, is raising funds on MicroVentures. The company works on a shared-economy model to bring shared kitchen spaces to develop and manufacture cannabis and CBD-infused products. Ken Hwang and James Shih founded My Green Network in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards sales and marketing, manufacturing, R&D, equipment, construction, future wages, and working capital. My Green Network expects to open its first facility in Orange County, California, in December 2020 and will be equipped with seven cannabis production suites.

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