Remedy Processors

Neutral
BETA

Cannabis and hemp company that has generated ~$303k in revenue through Oct., up 1,474% compared to 2019

Analytics

Raised to Date: $9,175

Aggregate Commitments $
Platform

Microventures

Start Date

11/20/2020

Close Date

04/19/2021

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,400,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

11/30/2020

Days Remaining

138

% of Min. Goal

37%

% of Max. Goal

4%

Likelihood of Max
Avg. Daily Raise

$918

# of Investors

44

Momentum
Location

San Diego, CA

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Remedy Processors, with a valuation cap of $8.4 million, is raising funds on MicroVentures. The company offers remediation, isolation, separation, and custom formulation services and products to consumers and businesses in the hemp industry. Remedy Processors uses technology and in-house research and development to bring about unique cannabinoid experiences. Jason Burstein and Gabriel Mandell founded Remedy Processors in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used towards equipment, general marketing, working capital, and general and administrative expenses. Remedy Processors generated record revenue of more than $60,700 in October 2020 and has generated over $303,000 in revenue through October 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$20,275

$0

COGS

$0

$0

Tax

$6,276

$0

 

 

Net Income

$-287,896

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$27,978

$0

Accounts Receivable

$0

$0

Total Assets

$152,698

$0

Short-Term Debt

$80,268

$0

Long-Term Debt

$0

$0

Total Liabilities

$80,268

$0

Other Deals

Kiwibot on Wefunder

Kiwibot has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals selected into…

Crowd
Neighborhood Sun on Wefunder

The Neighborhood Sun team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…

Crowd
goDeskless on MicroVentures

The goDeskless team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for deals…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Remedy Processors on MicroVentures
Follow company
Follow Remedy Processors on MicroVentures