My Green Network
Shared kitchen spaces for developing, manufacturing, and distribution of cannabis and CBD infused products
Overview
Raised: $268,916
Total Commitments ($USD)
Platform
Microventures
Start Date
11/16/2020
Close Date
04/12/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,842
# of Investors
188
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Proptech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/16/2020
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