Data / Crowdfunding / Tennessee / Herbal Botanical Products, LLC
Herbal Botanical Products, LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2023)
Herbal Botanical Products, LLC, a limited liability company in Clarksville, TN, filed a Form C with the SEC on May 12, 2023 to raise $50,000 to $124,000 in Series A Mandatory Redeemable Preferred Units through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $16,000 in revenue and a net loss of $239,508, with 2 employees.
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- Website
- www.panakeiapotanicals.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1477 Tiny Town Road Suite 317, Clarksville, TN 37042
- Legal form
- Limited Liability Company
- Jurisdiction
- WY
- Incorporated
- January 31, 2020
- SEC CIK
- 0001975317
Offering terms
From the offering filed May 12, 2023.
- Security
- Series A Mandatory Redeemable Preferred Units
- Price
- $100.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed May 12, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $16,000 | $20,196 | sec.gov |
| Cost of goods sold | $5,757 | $5,426 | sec.gov |
| Net income | $-239,508 | $-188,903 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $316,301 | $283,611 | sec.gov |
| Cash | $34,264 | $67,003 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $74,265 | $68,183 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 12, 2023 | Offering | $50,000 | $124,000 | April 29, 2024 | sec.gov |
Updated May 12, 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.