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: $98,720

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

02/28/2021

Days Remaining

48

% of Min. Goal

395%

% of Max. Goal

39%

Likelihood of Max
Avg. Daily Raise

$987

# of Investors

344

Momentum
Location

San Diego, California

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

Ratings

last updated 03/02/2021

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