Hummingbird Labs
Hummingbird Labs is seeking investment
to buildout facilities, equipment purchases and operations. The demand for safety compliance facilities greatly exceeds the supply in Michigan. The state produced $1.79 billion in cannabis revenue in 2021, all that product had to be tested for potency and contaminants before being sold. Hummingbird Labs will help ease the burden on the cannabis supply chain.
- Security Type
- Revenue Sharing
- Categories
- Laboratory
- Min Investment
- $100
- Location
-
FAYETTEVILLE, GA
- Expected Close Date
- September 30, 2022
- Amount Raised
- $56,000
- Target Raise
- $500K-$1M
- No. Investors
- 67
- Security Price
- $1
- Investment Multiple
- 1.7×
- Business’s Revenue Share:
- 4%-8%
- Securitization
- None
- Maturity Date
- December 31st, 2027
- Number of Employees
- 4
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Company Description
Hummingbird Laboratories, LLC is a Safety Compliance Facility that offers cannabis testing
services in the State of Michigan. We are a full-service Safety Compliance Facility (testing lab)
offering a one-stop solution where our customers can be guaranteed they are in full
compliance with all regulatory requirements.
services in the State of Michigan. We are a full-service Safety Compliance Facility (testing lab)
offering a one-stop solution where our customers can be guaranteed they are in full
compliance with all regulatory requirements.
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.