TNHC
Farm to Family Hemp Solutions
Overview
Raised: $0
Total Commitments ($USD)
Platform
Fundopolis
Start Date
11/18/2019
Close Date
11/18/2020
Min. Goal
$250,000
Max. Goal
$750,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/17/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
TNHC, the provider of farm to family hemp solutions, is raising crowdfunding on Fundopolis. The company works towards high-CBD hemp, with better genetics, methodologies, and experience. TNHC is licensed and compliant with the Tennessee Department of Agriculture and develops and sells hemp through a nursery revenue model. The ancillary income streams come from networking events, manufacturing and distributing hemp products, and consulting. Tennessee Hemp was founded by Donald Rizzi, KC Stark, and Nathan Rizzi in 2018 and started the production of high-CBD oils in March 2019. The proceeds of the current crowdfunding round, with a minimum raise of $250,000, will be used to scale production and expand across the country. TNHC is backed by a highly experienced and passionate team and provides CBD with reliable plant genetics.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,138 |
$0 |
|
COGS |
$19,783 |
$0 |
|
Tax |
$221 |
$0 |
| ||
| ||
|
Net Income |
$-16,644 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$400 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10,000 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$18,000 |
$0 |
|
Total Liabilities |
$18,000 |
$0 |
Financials as of: 11/18/2019
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