Data / Crowdfunding / Pennsylvania / Cherry Valley Community Farm, Inc.
Cherry Valley Community Farm, Inc.: crowdfunding raise on Honeycomb Portal LLC, $30,000 to $90,000 (2021)
Cherry Valley Community Farm, Inc., a corporation in Burgettstown, PA, filed a Form C with the SEC on May 4, 2021 to raise $30,000 to $90,000 in debt through Honeycomb Portal LLC. The offering closed on June 24, 2021. In its most recent fiscal year it reported $433,375 in revenue and a net loss of $81,756, with 8 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.cherryvalleyorganics.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 518 JOFFRE CHERRY VALLEY RD, Burgettstown, PA 15021
- Legal form
- Corporation
- Jurisdiction
- PA
- Incorporated
- May 16, 2005
- SEC CIK
- 0001860188
Offering terms
From the offering filed May 4, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $30,000
- Maximum
- $90,000
- Deadline
- June 24, 2021
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed July 2, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $433,375 | $182,192 | sec.gov |
| Cost of goods sold | $112,071 | $75,285 | sec.gov |
| Net income | $-81,756 | $-118,303 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $89,533 | $56,346 | sec.gov |
| Cash | $24,561 | $5,846 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $97,201 | $95,318 | sec.gov |
| Long-term debt | $350,164 | $290,902 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 2, 2021 | Progress update | $30,000 | $90,000 | June 24, 2021 | Total raised $36,772 | sec.gov |
| May 4, 2021 | Offering | $30,000 | $90,000 | June 24, 2021 | sec.gov |
Updated July 2, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.