Spero CBD
Early Stage
Full Spectrum Health.
Overview
Raised: $1,069,877
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/15/2019
Close Date
10/13/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,351
# of Investors
2,320
Momentum
Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Spero CBD, with a valuation cap of $6 million, is raising funds on StartEngine. The company offers high-quality, premium, and consistent CBD products to the market. The products of Spero CBD include oil-based tinctures, gel caps, and pet products, and all the products are THC free and organically produced. Spero CBD was founded by David Allred, Tim Handley, Justin Jarin, Christine Gutleben, Mike Van Der Heijden, Lyndsey Jordan, Ashley Rocha, and Aline Garcia, and has already raised over $50,000 from the founders. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The products of Spero CBD appeal to a varied demographic and are soon to include skin products, vape cartridges, and CBD water for pets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$140 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-28,565 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$249 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$249 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$28,815 |
$0 |
|
Total Liabilities |
$28,815 |
$0 |
Financials as of: 07/15/2019
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