Maximum 53,500* Non-Voting Shares ($107,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 5,000 Non-Voting Shares ($10,000)
|Company||Franny's Distribution Inc|
|Corporate Address||204 Elk Park Drive, Asheville, NC 28804|
|Description of Business||This is a CBD and Hemp product distribution company. We distribute to our dispensaries and to wholesale accounts. The distribution center also fills retail orders coming form online purchases.|
|Type of Security Offered||Non-Voting Shares|
|Purchase Price of Security Offered||$2|
|Minimum Investment Amount (per investor) ||$300|
$300 — If you invest $300, you will receive a Franny's Farmacy trucker cap.
$500 — If you invest $500, you will receive Franny's Farmacy trucker cap and T-shirt.
$1,000 — If you invest $1,000, you will receive Trucker Cap, T-Shirt and a 500mg Tincture.
$5,000 — If you invest $5,000, you will receive Trucker Cap, T-Shirt and a 1000mg Tincture.
$10,000 — If you invest $10,000, you will receive Trucker Cap, T-Shirt and a Product Package worth $500.
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Franny's Distribution Inc. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.
StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 100 Non-Voting Shares at $2 / share, you will receive 55 Non-Voting Shares, meaning you'll own 55 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The company will not incur any irregular use of proceeds.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.