PittMoss

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Security Type
SAFE
Categories
Agriculture
Location
AMBRIDGE, PA
Expected Close Date
April 28, 2024
Target Raise
$10.00K-$325.00K
Security Price
$1
Website
pittmoss.com
Number of Employees
19
Cash
$467,865
Revenue
$1,446,030
Short Term Debt
$1,063,583
Cost of Goods
$1,319,800
Long Term Debt
$1,468,127
Net Income
$-1,391,342

Company Description

PittMoss has innovated the soil market by creating the top performing, most sustainable soils ever produced (As recognized by Better Homes and Gardens Rankings and Good Company Ventures).  The company is disrupting peat moss as the current standard in the soil industry, because peat moss harvesting creates massive carbon emissions, and simply does not work well as a soil base.  PittMoss is made from recycled materials like paper and cardboard and grows bigger, healthier plants with significantly less water and fertilizer than peat-based soil.  Better Homes & Gardens has cited PittMoss as the “Best overall potting soil” and more importantly, PittMoss can be used as the base material for every other soil brand in the world.  In other words, PittMoss’s largest competitors can become its largest customers.

Management Team / Advisory Board Bios

Robert Phillips V.P. Sales BackgroundRobert “Rob” Phillips has joined PittMoss as Vice-President of Sales. Robert has 30 years’ of outstanding experience related to Growing Media categories. He held several key positions with milestone achievements during his 21 plus years with Scotts Miracle-Gro. Robert is confident that the Growing Media space is ready for new innovation not seen in the past few decades. A surge of growth came upon the industry with the introduction of Coco Coir and the opportunity is present to bring PittMoss with its tremendous water holding capacity to the trade. His focus will be placed on three channels with prior experience (lawn & garden retail, commercial growers, wholesale packagers) and expectations are to grow substantially with compounded annual growth at a minimum of 75% 2024 through 2026. Market share is expected to be gained from a combination of category growth and taking share within that growth due to an end user trade-up strategy. Expansion into the West in all channels is expected in the key Sustainable and Organic Demographic Marketing Areas.

Amount Raised : $32,500
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Security Description

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