Snowbelt Cannabis

Snowbelt Cannabis

Legal Cannabis Business

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Security Type
Revenue Sharing
Categories
Cannabis
Min Investment
$100
Location
JAMESTOWN, NY
Offering Date
December 08, 2021
Expected Close Date
October 31, 2022
Amount Raised
$27,000
Target Raise
$80K-$180K
No. Investors
71
Security Price
$1
Investment Multiple
1.6×
Business’s Revenue Share:
3%-6.8%
Securitization
None
Maturity Date
July 1st, 2028
Number of Employees
2
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

Environmentalism and philanthropy are the company’s top priorities and beliefs. As current Jamestown small business owners and community members, Snowbelt aims to focus on quality over quantity and provide a safe and high-grade product. Snowbelt Cannabis will have the ability to vegetate up to 10,000 square feet of plant canopy, will grow up to 16+ different strains of cannabis, and will have the ability to grow from seedling to finished product. All products manufactured by Snowbelt will be sold on a wholesale basis to in-state dispensaries and processors. Snowbelt will apply for a Processing and Distribution license.

Use of Proceeds

  • Grow supplies, Labor, Build out: $100,580
  • Mainvest Compensation: $6,420

Key Deal Facts

Passionate about environmentalism
Belief in the cannabis plant and all its beneficial purposes
Living in a well-connected and supportive community
Strong work ethics from over a decade of self-employment
Importance of small businesses and entrepreneurs

Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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