Virtudes Labs
Early Stage
Jamaican Grown with Virtue
Overview
Raised: $10,860
Total Commitments ($USD)
Platform
Fundanna
Start Date
07/28/2020
Close Date
11/07/2020
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.50
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$108
# of Investors
28
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Virtudes Labs, with a pre-money valuation of $5 million, is raising crowdfunding on Fundanna. It is an upcoming producer and processor of high-quality CBD oil from Jamaican farms. The company is vertically integrated and has recently acquired land in Jamaica for its first hemp crop. Virtudes Labs was founded by Jamiel Jamieson and Farrah Zargaran in July 2019. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $250,000, will be used for marketing, research & development, equipment, material, and labor. Virtudes Labs is already in advanced talks with companies that have experience in farming hemp as well as the prospective buyers for its biomass, CBD, and refined oil.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-311,457 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$1,200 |
$0 |
|
Total Assets |
$666,200 |
$0 |
|
Short-Term Debt |
$2,397 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,397 |
$0 |
Financials as of: 07/28/2020
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