Data / Crowdfunding / Gulf Coast Canna Meds, Inc.
Gulf Coast Canna Meds, Inc.: crowdfunding raise on truCrowd, Inc, $20,000 to $1,070,000 (2018)
Gulf Coast Canna Meds, Inc., a company, filed a Form C with the SEC on March 30, 2018 to raise $20,000 to $1,070,000 in SAFE+REV (Simple Agreement for Future Equity AND Revenue Participation) through truCrowd, Inc. The offering closed on April 30, 2018. In its most recent fiscal year it reported $0 in revenue and $0 in net income.
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- Website
- gulfcoastcannameds.com
- Funding portal
- truCrowd, Inc
- SEC CIK
- 0001704090
Offering terms
From the amendment filed March 30, 2018.
- Security
- SAFE+REV (Simple Agreement for Future Equity AND Revenue Participation)
- Price
- $5.00
- Target
- $20,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2018
- Portal compensation
- The company will pay the funding portal a success fee of 6.5%, of which $3,500 were paid upfront.
Financials
From the Form C-U filed May 7, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | 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 | $135,847 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 19, 2018 | Withdrawal | Not listed | Not listed | sec.gov | ||
| May 7, 2018 | Progress update | $20,000 | $1,070,000 | April 30, 2018 | During the offering period, the issuer received reservations of $1,074,025. As of the date and time of this filing, $963,891.65 were received in the escrow. Payments are still being processed. The exact amount has yet to be determined. | sec.gov |
| March 30, 2018 | Amendment | $20,000 | $1,070,000 | April 30, 2018 | Extended expiration date to April 30, 2018. | sec.gov |
| January 30, 2018 | Amendment | $20,000 | $1,070,000 | March 31, 2018 | Extended expiration date to March 31, 2018. | sec.gov |
| November 8, 2017 | Amendment | $20,000 | $1,070,000 | January 31, 2018 | Change in management and Board of Director structure. | sec.gov |
| October 25, 2017 | Amendment | $20,000 | $1,070,000 | January 31, 2018 | Corrected two typos on Section 13 - Purchase Price Per Safe-Rev unit is $5.00, as represented in all other places in the Offering Statement and Total Per Unit Target Defined Return (from each Class A Revenue Share Unit) is $15.00 | sec.gov |
| October 18, 2017 | Offering | $20,000 | $1,070,000 | January 31, 2018 | sec.gov |
Updated July 19, 2018. 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.