Cornbread Hemp

Cornbread Hemp

USDA-Certified Organic CBD

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Security Type
Convertible Note
Categories
Other
Min Investment
$8
Location
Louisville, KY
Offering Date
April 04, 2020
Expected Close Date
July 03, 2020
Target Raise
$50.00K-$400.00K
Deal Notes

$1.00 per share

8% interest

15% discount

$10K+ pro rata right threshold

Company Description

Cornbread Hemp provides Kentucky-grown USDA certified organic CBD oils and other full spectrum hemp wellness products that are shipped directly to customers from our website as well as distributed to top-tier health food stores, pharmacies, and co-ops across America.

Perks

$250+ for Cornbread Hemp Hat.
$500+ Cornbread Hemp Product Bundle.
$1,000+ 25% Off Cornbread Hemp products for life.
$2,500+ Official Cornbread Hemp Owners Hoodie.
$5,000+ Dinner with the founders of Cornbread Hemp. (in Kentucky)
$10,000+ Spend an afternoon with the founders of Cornbread Hemp to learn the ins and outs.

Key Deal Facts

Averaging $4-6K in monthly profits since the $100K initial investment 1 year ago.
Kentucky's first-ever provider of USDA organic cannabidiol (CBD) products.
Sold in over 100 retail stores in 10 states.
52% Revenue Growth from 2019 to 2020
Certified by United States Department of Agriculture (USDA).
Lead Investor: Larry Doyle invested $100,000

Use of Proceeds

If $50,000 is raised:

33% Inventory Expansion / R&D 33% Payroll & Staff Expansion 29% Marketing Initiatives 5% Wefunder intermediary fee

If $107,000 is raised:

25% Inventory Expansion / R&D 25% Payroll & Staff Expansion 45% Marketing Initiatives  5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Eric Zipperle
Co-founder & CEO
Eric graduated with a BA in accounting and an MBA from Bellarmine University in Louisville, Kentucky. Since graduation, Eric helped launch two other e-commerce companies which gave him the expertise and vision needed to co-found Cornbread Hemp.

Jim Higdon
Co-founder & CCO
Jim published his first book, The Cornbread Mafia, in 2012. He became a successful journalist writing for POLITICO and the Washington Post. While reporting on the 2018 Farm Bill, he saw an opportunity to create a new hemp company the right way.

Jon Katz
Marketing Board Advisor
As the Chief Marketing Officer of Fanchest, Jon oversaw the startup's growth from $100K to $10M over three years before his exit in 2019.

Deal Notes

$1.00 per share

8% interest

15% discount

$10K+ pro rata right threshold

Amount Raised : $496,400
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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