Cornbread Hemp

Cornbread Hemp

USDA-Certified Organic CBD

Print
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
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

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

Research Reports

No reports have been submitted

Become a Reporter

0 Comments