Data / Crowdfunding / Massachusetts / Coastal Roots LLC
Coastal Roots LLC: crowdfunding raise on MainVest, Inc., $50,000 to $124,000 (2022)
Coastal Roots LLC, a limited liability company in Hanson, MA, filed a Form C with the SEC on December 30, 2022 to raise $50,000 to $124,000 in debt through MainVest, Inc.. The offering closed on March 3, 2023. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 2 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
- coastalrootscannabis.com
- Funding portal
- MainVest, Inc.
- Address
- 112 WINTER ST, Hanson, MA 02341
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- July 1, 2020
- SEC CIK
- 0001959497
Offering terms
From the amendment filed December 30, 2022.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- March 3, 2023
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed March 7, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $-5,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 7, 2023 | Progress update | $50,000 | $124,000 | March 3, 2023 | At the close of the offering, the issuer closed on $62,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 30, 2022 | Amendment | $50,000 | $124,000 | March 3, 2023 | Intermediary is amending a typographical error on the offering memorandum and note agreement. | sec.gov |
| December 30, 2022 | Offering | $50,000 | $124,000 | March 3, 2023 | sec.gov |
Updated March 7, 2023. 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.