Union Electric

Premium & affordable cannabis from California’s top cultivators.

Analytics

Raised to Date: Raised: $75,490

Aggregate Commitments $
Platform

Republic

Start Date

07/01/2021

Close Date

11/01/2021

Min. Goal

$25,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$30,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

96

% of Min. Goal

302%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,796

# of Investors

152

Momentum
cold
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Location

Los Angeles, California

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

High Growth

Union Electric, with a $30 million valuation cap, is raising funds on Republic. The company sells premium and affordable cannabis flowers from the top cultivators of California. Union Electric does not invest in expensive infrastructure and has built its business through relationships and alliances with leaders across the supply chain. Alexander Max Goldstein founded Union Electric in January 2020. The current crowdfunding raise has a minimum goal of $25,000 and a maximum goal of $5,000,000, and the funds will be used for growth and expansion. Union Electric generated $900,000 in revenue in 2020 and $400,000 in revenue between May 15 and June 15, 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$924,429

$0

COGS

$779,871

$0

Tax

$0

$0

 

 

Net Income

$-644,070

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$670,675

$0

Accounts Receivable

$43,534

$0

Total Assets

$1,298,270

$0

Short-Term Debt

$70,228

$0

Long-Term Debt

$1,559,032

$0

Total Liabilities

$1,629,260

$0

Financials as of: 07/01/2021
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