$16M funding (debt/equity)
$6M to purchase 131K SF building from the bankruptcy court.
$5M operating overhead costs
The company will prepay the first two years of interest on the loan. The company will retire the loan at end of second year. Thereafter, investor retains 33 1/3 % interest of the company.
a. Providing essential services to the hemp farmer
b. Selling bulk CBD isolate and distillate to fortune 500 companies in the food, beverage, cosmetics, and pharma industry
c. Providing white label formulations and wholesale production to retailers of CBD nutraceutical products.
2021 / Revenue - $61.1M / Net Profit - $30.8M (51%)