Question 1

good stuff. what would the funds be used for. do you have a breakdown?

Accepted Answer

Thanks John! There's a detailed breakdown of our purpose of funds in the "Details" section of our campaign page, but the short answer is we'll be using funding to scale our business and meet demand. Here's a quick rundown of the POF: 20% inventory, 20% talent and hiring; 35% e-commerce marketing, 7.5% community building, 5% R&D, 5% overhead, 7.5% for Wefunder Fees.

Question 2

Do you know the valuation of the Priced Round on 12/2020? Thank you for your time.

Accepted Answer

Hi David, thanks for your question. The valuation at that time was $3M. Since then, we've done more than $3.7M in revenue.

Question 3

Did any Sharks invest in the company ? If yes, at what valuation? Do you have any patents ? If yes, are they granted ?

Accepted Answer

Thanks for the questions! We did receive multiple equity and royalty offers during our Shark Tank episode, and ended up striking a non-equity sales commission partnership with Lori Greiner. We also do have a fully granted utility patent (awarded in 2021), and is set up for expansion opportunities into different verticals (eg. commercial agriculture).

Question 4

Thanks for the responses. Looks like you are at the same revenue run rate of $2.1 Million same as 2021… Any other revenue streams planned for coming months / years ?

Accepted Answer

Of course Sagar, appreciate your questions. The new revenue stream we're most excited about is retail. We're about to sign our first retail agreement with one of the largest sellers of garden products in the country. We expect this channel to grow substantially over the next 5 years. The "Revenue Growth" section of our campaign page outlines these projections in greater detail if you'd like to read more. We're also very excited about our new partnership with Harmon Brothers, the marketing com...

Question 5

Is Early Bird Bonus still available?? It’s confusing as it shows $172K left for EBB but you have already raised $687K. Please clarify ??

Accepted Answer

Hi Sagar, yes early bird is still available. Sorry, the page is a little confusing the way its presented! $687,000 is the total amount raised at these terms so far, and there is approximately $172,000 remaining at the early bird terms, which is on a SAFE with a valuation cap of $10M. When early bird is gone, we'll be raising the remaining amount on a SAFE with a valuation cap of $15M.

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The Shark Tank Success Daymond John Says Will Disrupt the $55B Garden Industry

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