This company is no longer in business. Investors can get details about any potential exits or failures here.
YEP
Early Stage
YEP, Inc., a global entrepreneurial Health and Wellness company featuring Micelle Nano technology, is launching a portfolio of exclusive CBD human and pet products into the highly coveted, multi-billion dollar Health and Wellness markets in North America and Asia.
Overview
Raised: $105,877
Total Commitments ($USD)
Platform
Netcapital
Start Date
07/28/2021
Close Date
03/15/2022
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.65
Pre-Money Valuation
$9,033,683
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$462
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
YEP, with a pre-money valuation of $9.03 million, is raising funds on NetCapital. The health and wellness company features Micelle Nano technology and is launching a portfolio of exclusive CBD human and pet products under the name Utopix and CBDBrainIQ. The company has also launched FLUX Drinkables, a CBD water delivery system. Jimmy Ezzell and Christopher Floyd founded YEP in October 2020. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,069,999, and the proceeds will be used for IT development, marketing and advertising, CBD-related investments, and inventory. YEP has multiple domestic CBD wholesale partnerships and CBD distribution partnerships in Thailand and Japan.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$116,494 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,236,634 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$51,484 |
$0 |
|
Accounts Receivable |
$4,208 |
$0 |
|
Total Assets |
$108,129 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$220,000 |
$0 |
|
Total Liabilities |
$220,000 |
$0 |
Financials as of: 07/28/2021
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