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GET A PIECE OF GREEN GODDESS SUPPLY

The Dispensary for the Home has Arrived!

Bringing the Home Grow Revolution to the masses! Green Goddess Supply empowers anyone to grow their own clean, organic, top-shelf flower at home, quickly, easily, discreetly, and inexpensively. Green Goddess Supply’s team has over 30 years of success in private and public company leadership, new product development, and creating and monetizing new market niches. The crown jewel in its product line is the patented, award-winning home grow system, The Armoire.

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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
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TEAM

Eric Robichaud

Eric Robichaud • CEO

Robichaud has nearly 30 years of industry experience building and growing successful multi-million dollar businesses. Most recently, at 401 Consulting, he lead an interdisciplinary team of strategic marketers, creative designers and software engineers that helped its clients in turn to build and grow their businesses.

The serial entrepreneur is now leveraging his considerable experience and expertise, building a new business in the Cannabis Technology space, called Green Goddess Supply.

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Vincent Bitetti

Vincent Bitetti • President & Chief Cannabis Officer

Vincent Bitetti is a Senior C-Level Executive, serial entrepreneur, master grower, and musician with Public Company experience. Mr. Bitetti went to college for Biology with a concentration in Botany. He has been growing plants since 1978, flying under radar in the cannabis underworld for nearly forty years since.

Mr Bitetti started the prototypical California Gararage Startup in the video game industry. As he grew the business, he closed a 7-figure private equity deal, and then eventually took his company public via NASDAQ IPO. 

In 2017 Mr Bitetti joined forces with Mr Robichaud to bring his invention, The Armoire, to market. 

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Abigail Munford

Abigail Munford • Project Manager

Ms Munford has worked with CEO Eric Robichaud for over 8 years, dating back to her role as Project Manager in his Digital Marketing Agency. When Eric Robichaud sold the digital marketing agency to focus on Green Goddess Supply, she joined him in the effort. 

Ms Munford is involved in many key aspects of daily business operation including overseeing e-commerce order fulfillment, inventory control, and general office management and project management.

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Reasons to Invest:

  • This emerging industry is currently ripe for innovation and we have the advantage of being one of the first movers in our market. 
  • The home grow market is estimated at $7B in the US alone, growing at a 27% CAGR (source, source) and cannabis is now legal in nearly two-thirds of US states, as previous stigmas fade away and research continues to prove its medical benefits. 
  • Not only does Green Goddess Supply pride itself on its outstanding customer-focused Concierge Service program, but its products are also “non-plant-touching,” which means they can legally be sold nearly anywhere, without being subject to regulations and banking issues.





We’re on a mission. And it’s bigger than just selling a grow box.

We believe in democratizing the plant.  Like tomatoes, you should be able to choose whether to buy them in a store, or grow them at home yourself.  Medicine shouldn’t just be available to those who can most afford it.  But it also needs to be easy and accessible to all, including those in apartments and other smaller spaces, and it can’t be complicated or clumsy.


Green Goddess Supply is an innovative, disruptive “cultivation to consumption” Cannabis Technology Lifestyle Brand offering a family of high-quality products to grow, harvest, store, prepare and consume cannabis products. The crown jewel in the company’s line is the award-winning, patented Armoire home grow system that empowers people to grow their own clean, organic cannabis flower at home quickly, easily, discreetly and inexpensively.


We are not targeting the early adopters or the niche consumer: we’re targeting the so-called “late majority.”  Our goal is nothing short of “owning the living room” and making our product line a household brand. 



Due to our leadership’s solid tech industry background, our internal systems and business processes are highly advanced and ready to handle a scaling business. The members of our management team each have over 30 years of public and/or private company leadership, with cross-functional capabilities necessary to grow and scale the business!


The Problem


Lack of access, inconsistent quality, and high costs 


The prohibitively high cost and related taxation of retail cannabis put it out of reach for many, especially retirees on a fixed income. In addition, many people still lack access, with upwards of 70% of residents living in cities in legal states that still have not approved the sale of cannabis in their locales. 



Much of the cannabis available in today’s market is also laden with pesticides, mold, and chemicals such as PGRs (Plant Growth Hormone Regulators). And while growing cannabis at home is a great solution, grow tents are often overly complicated, unsightly, noisy, smelly, and completely impractical for apartment dwellers with limited space. Fully-automated home grow units, which typically have the appearance of a clunky industrial refrigerator, are typically quite unattractive as well, are more expensive, generally underperform, and are laden with problems. 


The Solution


Grow your own organic, top-shelf cannabis at home


Green Goddess Supply offers a complete kit for discrete indoor gardening, called The Armoire, that fits beautifully into any living space. 


It’s not just hardware. We’ve re-invented a streamlined way to grow, and combine it with our patented hardware solution and fanatical customer service. It all takes place in a 21st-century nurturing system housed in an unassuming, 50-state-compliant, in-plain-sight curio cabinet—a small armoire, if you will.


Our technology-assisted nurturing system is stylish, odorless, comes equipped with a child lock, and is extremely easy to use– even for new growers. In fact, 95% of our customers are first-time growers! In addition, our technology allows customers to grow strains that dispensaries may not sell.




The Armoire includes personalized, 90-day free concierge support, via personal virtual calls, to ensure a successful experience for our customers. These units require minimal upkeep and produce an average of a quarter-pound of clean (mold-free, pest-free, pesticide-free), organic, top-shelf flower in as little as 60 days.  The Armoire typically pays for itself within the first grow, and many of our customers go from spending over $6000 per year at dispensaries to spending just $300 per year for seeds, soil, water, and electricity (source). That’s a 95% decrease! 



As a “non-plant-touching” cannabis technology company, we maintain normal banking relationships and merchant accounts, with both national and regional institutions. We are headquartered in Massachusetts and sell our products both D2C through our website, and to cannabis-specific retail “brick and mortar” locations, such as dispensaries and hydro grow supply stores, most of which have multiple locations and plan to expand into other states. 


We believe this will be a solid contributor to sales over the next five years, as more states legalize cannabis. We are currently maximizing our profit through working with brand ambassadors, doing targeted PR and product reviews, long-term search engine optimization, word-of-mouth, targeted print, select online advertising, expanding our social media presence, and internal email lists. We also offer both drop shipping and affiliate programs that cover our broad line of ancillary accessories, as well as The Armoire itself. 


The Market


The cannabis industry is one of the fastest-growing in modern history and we are at the genesis of its explosive growth


The home grow market is estimated at $7 billion in the US alone, growing at a 27% CAGR (sourcesource). Previous stigmas are fading away, as about two-thirds of US states have already legalized its use, and more are predicted to follow suit. Researchers in Israel are treating cancers with cannabis and many doctors around the world are now recommending it to sick patients (source). Reputable sources are plentiful, between mainstream news and industry-specific news vehicles (like Ganjapreneur Magazine, Cannabis & Tech Today), while market research firms, such as New Frontiers, Arcview, and Forrester have embraced the exploding Industry with increasing research support.  



However, 60-70% of residents in legal states still don't have reasonable, convenient access to quality cannabis, as retail dispensaries and grow operators must be licensed by the state and approved city by city (source). Our outbound marketing targets adults ages 21 and over, in emerging legalization states, as well as states that already allow some form of legal home grow. 


The industry is currently ripe for innovation and we have the advantage of being one of the first movers in our market. Unlike other start-ups, Green Goddess Supply has already de-risked a large chunk of the process, as our product has gone through prototyping into production, and we have shipped over 500 units. Our business is also “non-plant-touching”, which means we can sell our cabinets anywhere, without being subject to regulations and banking issues. 



Additionally, our customers regularly interact with us in an owners-only online forum, and via direct phone calls and video calls. Unlike many companies that view tech support as a necessary evil, we embrace it as part of the product experience. 


Our Traction


It’s not an idea or a theory– our product works! And we have the success and customer feedback to prove it.


Our products have won multiple awards, including “Top 25 Cannabis Tech Products of 2021” from Cannabis & Tech Today Magazine, and continue to receive glowing feedback from customers. We are currently in production and shipping and have built out global and domestic shipping and logistics, multi-location warehousing, and more, in a fairly mature model, supported by business and IT systems and processes. 


Over the last 18 months, we sold nearly 600 units, and in August of 2021, we were granted the primary patent on The Armoire. We have reached the pre-production prototype stage on our second, distinct model of The Armoire, expected to roll out in mid-2022, and have several other models in various stages of design, with their own unique features and capabilities. 



We also own several Trademarks, such as “Green Goddess Supply” and “The Armoire” (the word marks), as well as the visual icon (logo) for Green Goddess Supply. We have developed a relatively complex supply chain, with four warehouses distributed strategically around the country for faster, cheaper deliveries, 2 factory partners for The Armoire line, and about a dozen other fabrication plants both in the U.S. and around the world, producing our line of ancillary products. We believe our Concierge Service program to be the first of its kind. It was extremely well-received and has been streamlined and developed to scale. We anticipate being at the forefront of emerging state-of-the-art virtual-presence technologies such as AR/VR/XR as it rolls out to scale.



In addition, we have conducted several successful case studies to date, one with a customer who suffers from back pain and has used The Armoire to cut her monthly medical cannabis bill down from $500 to $30. Another case study was done on a customer who had previously struggled to find the specific strains she needed for medical purposes, and who is now able to grow more than enough of what she needs for a fraction of the amount she was previously paying, and creates her own infused edibles at home!



Why Invest


As the cannabis industry reaches an all-time-high, The Armoire puts the power back in the hands of the consumer, saving thousands each year


Our flagship product is a state-compliant, technology-assisted Home Grow nurturing system. Paired with our, one-on-one virtual consultation “Concierge Service”, we believe The Armoire will be the de-facto gold standard for growing home-grown top-shelf flower. 


Our goal is to be one of the first mainstream grow cabinets designed to be seen in the home, and we believe we have what it takes to dominate the home-grow niche, as its premier solution. As we expand our reach throughout the US, we intend to target our marketing on a state-by-state basis, and begin working with home improvement stores and so-called “big box retailers.” We also plan to expand sales into Canada, where home grow is legal country-wide. 


Outside of North America, we are exploring licensing and franchising business models for our home grow equipment, which could include replicating our concierge service program.


The future of Green Goddess Supply includes growing our sales, increasing marketing and brand recognition, building out our inventory and continued R&D on new products. We already have products in the pipeline, and infrastructure in place – now, all we need is the “rocket fuel” to propel the business into being a household name!




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ABOUT

HEADQUARTERS
3 Charlesview Road, Suite C
Hopedale, MA 01747
WEBSITE
View Site
Bringing the Home Grow Revolution to the masses! Green Goddess Supply empowers anyone to grow their own clean, organic, top-shelf flower at home, quickly, easily, discreetly, and inexpensively. Green Goddess Supply’s team has over 30 years of success in private and public company leadership, new product development, and creating and monetizing new market niches. The crown jewel in its product line is the patented, award-winning home grow system, The Armoire.

TERMS

Green Goddess Supply
Overview
PRICE PER SHARE
$0.95
DEADLINE
Aug. 13, 2022 at 6:59 AM UTC
VALUATION
$5.46M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$285
MAX INVESTMENT
$965,675
MIN NUMBER OF SHARES OFFERED
10,526
MAX NUMBER OF SHARES OFFERED
1,126,314
OFFERING TYPE
Equity
SHARES OFFERED
Class B Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

Invest in the first 48 hours, get 15% bonus shares

Invest in the first 7 days, get 10% bonus shares

Invest in the first 30 days get 5% bonus shares

Amount-Based:

Tier I: Invest $500 and receive 1% bonus shares

Tier II: Invest $1000 and receive 2% bonus shares and 10% discount coupon to our online store (reusable up to a year)

Tier III: Invest $2500 and receive 3% bonus shares and 10% discount coupon to our online store (reusable up to a year)

Tier IV: Invest $5000 and receive 4% bonus shares and 15% discount coupon to our online store (reusable up to a year); acrylic investor tombstone

Tier V: Invest $10,000 and receive 5% bonus shares and 15% discount coupon to our online store; acrylic investor tombstone

*All perks occur when the offering is completed.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

The 10% StartEngine Owners' Bonus

Green Goddess Supply, LLC will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Preferred Stock at $0.95 / share, you will receive 110 shares of Preferred Stock, meaning you'll own 110 shares for $95. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Inter company debt or back payments. Salary payments made to one’s self, a friend or relative.

ALL UPDATES

08.11.22

Final 24 hours! Help us Reach $100K

We appreciate the support we've reached from our community so far, and are making one last appeal to help us cross the $100K threshold. 

If you haven't jumped in yet, we hope you will.  If you have already jumped in, we'd like you to consider just an extra $100 or $200 to help us cross the line. 

We're getting ready to launch our new line of grow tents based upon our unique Autoflower Grow Protocol, to give us an entry at a lower price point (under $999) and newer models of the Armoire.  A couple concept images are shown below.

Every dollar is critical, because we're putting it into inventory on these new items for 4th Quarter, which we have to commit to NOW in August, to get them built and shipped back on time for the holiday selling season.  Here's a sneak peak at the upcoming tent system that will be part of our ecosystem shortly!



08.09.22

Final Days! Help us hit $100k!

We are now in the final days of our campaign!   We thank everyone who's jumped onboard already, and encourage the rest of you to jump in before it's too late, and help us reach $100k.  

While we can't absolutely predict what the future will bring, it is our belief and expectation that while we may or may not offer a larger institutional (VC) round in the future, this will be the first and only chance for the individual retail investor to get involved at this level.

As many of you know, our "High Yield, Easy Grow" protocol, supported by our renowned Concierge Service program, is not just unique but unprecedented in this industry.  It forms the "hub" of our strategy for our line of grow products.   We are now finalizing our first production run of full-system tent kits that will support our protocol and provide a lower price-point entry into the market (which still preserving strong margins); and the next generation of higher-end Armoire systems continue to inch closer to being production-ready.  

Your support will help us accelerate our entry to market with these new products, plus some exciting new accessories for our wholesale channels.

We hope you will join us on our mission to democratize the plant, and empower everyone and anyone to grow their own clean, organic flower at home themselves quickly, easily, discreetly and inexpensively!


08.05.22

Final Week!

We are coming down to the final week on our campaign!  We have a high number of “followers” watching - now is the time to jump in before it’s too late!  

We will be announcing shortly the expansion of our homegrow line — new, complimentary products to The Armoire at a lower price point to expand our market reach, some new accessories and more.

While it may be a dog days of summer right now, we are busy executing our 4th quarter strategy, planning ahead for the busy fall/winter sales season.  The more capital we raise, the more new SKUs we will be able to introduce this winter. 

We hope you will join us on this journey! 

08.01.22

New Home Grow Report

Hi Folks!   For those of us who "get" and support the right to grow your own at home and just how massive the market opportunity is, the dearth of solid data and reporting on this subset of the industry has been frustrating.   So we were very excited to see that New Frontiers Data just release a comprehensive report on home grow in the U.S.!  

A couple key takeaways from the new report:

* Conservatively, homegrowers will produce an estimated 11 million pounds of dried flower in 2022, increasing to over 15 million pounds annually by 2030.

* Assuming an average prevailing market value of $1,250 per pound, cannabis output from U.S. homegrowers would be valued at $14 billion in 2022 alone.

* 72% of homegrowers grow in soil

* 74% of homegrowers said they would likely use an automated system. (an additional 3% said they already do; 8% were undecided).

* The legal cannabis market is growing quickly, creating an expanding opportunity for homegrowing. The recent dramatic expansion of legal cannabis in the U.S. is, in parallel, expanding the opportunity for home cultivation as legalization lowers resistance to participation in this market.

* The DEA’s recent decision to treat marijuana seeds as hemp could significantly open up the market for homegrow genetics.


This is what we've been saying right along...  It's nice to finally see trusted, professional, independent backup for what we've been saying! 



07.28.22

Watch us on ProCannabis Media Live Stream today!

Thank you to Pro Cannabis Media for hosting us today on their live stream show:  

https://www.youtube.com/watch?v=Lq87gUjiSqo

Our CEO, Eric Robichaud, was featured in the first 30 minutes of the show, talking about Green Goddess Supply, the Armoire, and our RegCF raise.  Check it out!  

07.21.22

New Products in the Pipeline!

We are excited to update everyone that our summer has been heating up, as we prepare for the Fall selling season!  

Things always slow down in June and July and into the first half of August while people are on summer break and vacations, and the kids are home from school etc. But then in mid-August things start getting busy again as people get “back to business.” So we use the summer slowdown to kick product development and manufacturing into high gear.  

First, we have a new batch of Armoires built and about to get boxed up and shipped out to our distribution center(s).  Next, an entirely new model of The Armoire is getting closer to sign-off (to enter into production). This new model is based upon a flat-pack design that will give us an entry at a lower price point, and save dramatically on shipping and warehousing. Furthermore, we have a brand new grow tent kit (done “The Green Goddess way” of course!) about to ship as well.

But that’s not all - we are also very excited to introduce a radical new pipe offering, for our accessory line this fall! 

07.12.22

Our Community Joins In! | Insider Investment Notice

We're excited to see our community come in and invest in Green Goddess Supply!

Our Insiders have invested a total of $10,000  into the offering to date!

We hope you join in as well!   Invest in Green Goddess Supply!


Please refer to the Company’s offering materials for further information and refer to the Company’s Risk Factors.

07.05.22

Upcoming Review in Ganjapreneur!

We’re excited to let our community know that Ganjapreneur (a popular, well-respected publication covering the greater cannabis industry) is doing a VERY in-depth review of The Armoire for publication this Fall!  

They have one of our units and are growing a gorgeous plant!  See below for a photo of their plant as of two days ago. This is a "Black Strap" (a cross of Anvil), so it's growing some exotic, dark purple buds as opposed to the more traditional green buds non-growers would expect to see. We have grown this strain ourselves as well as many of our customers, and it's been a terrific strain to both grow and consume.  One of the Ganjapreneur writers has gone through the entire process from unboxing to setup and through all phases of an actual hands-on grow thus far. The plant will be finished in a couple weeks, and then she'll submit her story/review.  

We can’t wait to see this in-depth story hit the streets in a couple months!



06.27.22

Meet Us and Special Guests Wednesday for our Home Grow 102 Webinar

Join us Wednesday for a free, educational webinar:  Home Grow 102!   

Folks really enjoyed the first one we did, so we're doing a follow-up.  We will be talking about soil, nutrients, amendments, seeds / genetics, germination best practices, and more!  


In addition to Vincent and Eric from Green Goddess Supply, we will also have not just one, but TWO special guests joining us!   

Tommy Fox, owner of Fish Head Farms and maker of Fish Sh!t will be joining us, as well as Aaron McMichael from Twenty20 Mendocino - breeders of high quality genetics! 

Here's the signup link:   https://forms.gle/U7RJDPZo43K1fEj66

As always, this webinar is free - we just want to avoid idiots "zoom bombing" the presentation, so we don't publicly post the link ahead of time.  We will email the link directly to those interested. 

06.22.22

Review in Cannabis & Tech Today

This was fun to see!  Cannabis & Tech Today surprised us with an article on The Armoire:


https://cannatechtoday.com/the-home-grow-just-became-more-sophisticated/


REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign reward.

10%

Stack Venture Club & Rewards!

Members get an extra 10% shares in addition to rewards below!

Venture Club

Venture Club

Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).

$500

Tier 1

Tier I: Invest $500 receive 1% bonus shares

$1,000

Tier II

Tier II: Invest $1000 receive 2% bonus shares and 10% discount coupon to our online store (reusable up to a year)

$2,500

Tier III

Tier III: Invest $2500 receive 3% bonus shares and 10% discount coupon to our online store (reusable up to a year)

$5,000

Tier IV

Tier IV: Invest $5000 receive 4% bonus shares and 15% discount coupon to our online store (reusable up to a year); acrylic investor tombstone

$10,000

Tier V

Tier V: Invest $10,000 receive 5% bonus shares and 15% discount coupon to our online store; acrylic investor tombstone

JOIN THE DISCUSSION

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KF
Kevin Fulmer

3 years ago

Hey fellow investors - I made a video detailing my thoughts on Green Goddess Supply, feel free to reference below when doing your research! https://youtu.be/_ULA2yDGzdE

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Eric Robichaud

Green Goddess Supply

3 years ago

Hi Kevin. Thank you for that review - very well done! I posted some comments on your YouTube channel to clarify a few of the questions / issues that you raised. (We do have answers for all of those questions, for sure!). I posted below the video on YouTube to keep the comments with the original video. (eg our future exit strategy actually includes targeting other ancillary companies, not MSOs with regulatory issues, etc.). But all in all, it was a thoughtful review, and appreciated.

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KF
Kevin Fulmer

3 years ago

Hi Eric! I run an equity crowdfunding blog called Crowdscale and this investment opportunity interests me. I have a few questions and may decide to do a video on your startup, would you mind answering below? 1. In your update, you show that in Year 1, sales are expected to triple but COGS only increases by about $100k - how can that be? 2. Your Form C indicates that revenue would have been higher in 2021 if you had the inventory to sell. What would you revenue for the year roughly have been if inventory constraints were not a factor? 3. Outside of armoires, what's the revenue split between DTC and Wholesale efforts? Have you considered becoming a wholesale marketplace for 3rd party suppliers in addition to your own products to solidify your position in the wholesale market? 4. You state that the company did 0 marketing for the Armoire, but your financial statements indicate that~$83k was spent on marketing in 2021. Was this amount spent on advertising your other products? What is your marketing plan for the armoire? 5. Cash on hand is extremely low (less than $10k). Do you have concerns about meeting payroll and paying your expenses prior to the investment funds arriving? 6. What is your exit strategy? 7. How exactly does the armoire prevent the smell of the flowers from escaping? Blog for reference: https://www.youtube.com/channel/UCJ4vDOUL2gqaHQBYIaQl7hQ

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Eric Robichaud

Green Goddess Supply

3 years ago

Hello Kevin, These are great questions, and I’m happy you asked because the numbers don’t always tell the story clearly on their own. I will answer your questions with the same order/numbering. 1. Last year was an aberration for us in terms of COGS for The Armoire, and is mostly related to the variable-cost components of the COGS: ocean freight, warehousing and domestic delivery. Just ocean freight alone saw a 6x increase, overnight. We have taken pro-active measures via a mix of Armoire themed models to significantly reduce those variable costs going forward and have also been able to reduce hardware costs going forward as well. So, our expense structure will be significantly lower. 2. We originally expected to do at least $800k with a very real possibility of hitting $1M in 2021 before ocean freight gouging and concurrent delays resulted in stock outages, and quite a few retail shops closed their doors (pandemic plus the government vape bans put a lot of smaller shops out of business in 2021) impacting wholesale sales in the short term. It’s rebounding now with new openings. 3. Presently we only wholesale small accessories, so by revenue we’re about 90% DTC and about 10% wholesale (It takes a lot of wholesale grinders to equal one $1600 DTC Armoire!) The new Armoire models about to go into production will be conducive to wholesale, which is a huge piece of our future growth expectations, so this will shift dramatically in the future. We have certainly been asked before about selling “other people’s products,” but we believe that’s against brand. It’s like telling Nike they can expand revenues if they carried Adidas and Puma shoes too… We’re a brand, not a distributor, so we’re staying on-mission, but we are continuing to expand our product line. 4. The marketing spend was mainly for the accessories business and/or promoting the brand in general: several trade shows per year, a monthly PR retainer with an outside agency, some special social media promotions, and a budget for working with social media influencers (because of our industry, social media is even more critical for us than is typical for other industries.) Website updates and graphics creation also fall under the marketing budget (marketing is broader than just ad spends). I’m not dodging your question on the future marketing plan for The Armoire, but that’s a whole larger topic unto itself and still a work in progress. I can say in broad strokes, that it includes staffing up with more sales staff, hiring a Director of Marketing, launching into wholesale, working with an outside ad agency, and doing a lot more advertising and promotion. This fundraise is all about fueling the sales and marketing plans to grow market share. 5. No, the campaign is for powering growth. This is an SEC sanctioned raise so there are a ton of rules and restrictions about what we can and can’t say, etc. Some of the financials are based upon a snapshot in time, and we constantly had to show proof of all statements. The $10k figure was a snapshot in time (“…as of” such a date) and it is what it is. Cash in the bank fluctuates constantly based upon payments in and out. The campaign was launched to fund growth, not to cover existing payroll. 6. I would love to answer this. I have tried 3 times and StartEngine won’t let me address that question. We have a very clear and succinct answer - there definitely is an exit strategy in place. Vincent and I have both separately sold and/or merged businesses in the past. 7. Ah! It’s part of our secret sauce and indirectly part of our patent. It’s proprietary so I won’t comment much more, but — there’s definitely no smell.

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At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

MIN INVEST
$285
VALUATION
$5.46M

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary LLC (“SE Primary”), a broker-dealer registered with the SEC and FINRA / SIPC. You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system (ATS) regulated by the SEC and operated by SE Primary. SE Primary is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

StartEngine facilitates three types of primary offerings:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice concerning any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy, or completeness of any information. Neither StartEngine nor any of its officers, directors, agents, and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment. See additional general disclosures here.

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Canadian Investors

Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC.

StartEngine Secondary (“SE Secondary”) is our investor trading platform. SE Secondary is an SEC-registered Alternative Trading System (“ATS”) operated by SE Primary that matches orders for buyers and sellers of securities. It allows investors to trade shares purchased through Regulation A+, Regulation Crowdfunding, or Regulation D for companies who have engaged StartEngine Secure LLC as their transfer agent. The term “Rapid,” when used in relation to transactions on SE Marketplace, specifically refers to transactions that are facilitated on SE Secondary, This is because, unlike with trades on the StartEngine Bulletin Board (“SE BB”), trades on SE Secondary are executed the moment that they are matched.

StartEngine Bulletin Board (“SE BB”) is a bulletin board platform on which users can indicate to each other their interest to buy or sell shares of private companies that previously executed Reg CF or Reg A offerings not necessarily through SE Primary. As a bulletin board platform, SE BB provides a venue for investors to access information about such private company offerings and connect with potential sellers. All investment opportunities on SE BB are based on indicated interest from sellers and will need to be confirmed. Even if parties express mutual interest to enter into a trade on SE BB, a trade will not immediately result because execution is subject to additional contingencies, including among others, effecting of the transfer of the shares from the potential seller to the potential buyer by the issuer and/or transfer agent. SE BB is distinct and separate from SE Secondary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. By contrast, under SE BB, SE Primary assists with the facilitation of a potential resulting trade off platform including, by among other things, approaching the issuer and other necessary parties in relation to the potential transaction. The term “Extended”, when used in relation to transactions on SE Marketplace denotes that these transactions are conducted via SE BB, and that these transactions may involve longer processing times compared to SE Secondary for the above-stated reasons.

Even if a security is qualified to be displayed on SE Marketplace, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine. It also does not constitute an endorsement, solicitation or recommendation by StartEngine. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, (2) assist in the determination of the fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.