Offering Summary
Company | :
| Franny's Manufacturing Inc |
Corporate Address | :
| 1300-B Patton Ave, Asheville, NC 28806 |
Offering Minimum | :
| $10,000.00 |
Offering Maximum | :
| $535,000.00 |
Minimum Investment Amount(per investor) | :
| $300.00 |
Terms
Offering Type | :
| Equity |
Security Name | :
| Non-Voting Common Stock |
Minimum Number of Shares Offered | :
| 5,000 |
Maximum Number of Shares Offered | :
| 267,500 |
Price per Share | :
| $2.00 |
Pre-Money Valuation | :
| $3,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Perks* and Investment Bonuses
Early Bird Bonus
First 48 hours - Friends and Family Early Birds | 10% bonus shares
Next 5 days - Early Bird Bonus | 5% bonus shares
Volume perks
$300+ Trucker Cap
$500+ Trucker Cap & T-Shirt
$1,000+ - All the above + 250mg Natural Tincture
$2,500+ - All the aparrel + 500mg Natural Tincture
$5,000+ - All the aparrel + 1000mg Natural Tincture
$20,000+ Frannys Farm Invite + 5% Bonus Shares - investor gets all the above and a stay at Franny’s Farm Barnhouse and dinner with Franny & Jeff
$40,000+ Superfan Tour - All the above plus a custom tour of Dispensaries, Manufacturing, Distribution and tour of hemp field. I want to meet these people in person! Who knows if they will follow though or not but it sure is a cool, intriguing concept.
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Franny's Manufacturing Inc will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Non-Voting Common Stock at $2 / share, you will receive 110 shares, meaning you'll own 110 shares for $200. 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 during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Inter company debt or back payments. Salary payments made to one’s self, a friend or relative.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
Risks
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.
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