The Green Goddess Supply offering is now closed and is no longer accepting investments.

Green Goddess Supply

The Dispensary for the Home has Arrived!

Green Goddess Supply

The Dispensary for the Home has Arrived!

Hopedale, MA
Agriculture
Bringing the Home Grow Revolution to the masses! Green Goddess Supply empowers anyone to grow their own clean, organic, top-shelf flower at home, quickly, easily, discreetly, and inexpensively. Green Goddess Supply’s team has over 30 years of success in private and public company leadership, new product development, and creating and monetizing new market niches. The crown jewel in its product line is the patented, award-winning home grow system, The Armoire.

$97,965

raised
112
Investors
$5.46M
Valuation
$0.95
Price per Share
$285.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$97,965

raised
112
Investors
$5.46M
Valuation
$0.95
Price per Share
$285.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on August 13, 2022 and is no longer accepting investments.

Reasons to Invest:

  • This emerging industry is currently ripe for innovation and we have the advantage of being one of the first movers in our market. 
  • The home grow market is estimated at $7B in the US alone, growing at a 27% CAGR (source, source) and cannabis is now legal in nearly two-thirds of US states, as previous stigmas fade away and research continues to prove its medical benefits. 
  • Not only does Green Goddess Supply pride itself on its outstanding customer-focused Concierge Service program, but its products are also “non-plant-touching,” which means they can legally be sold nearly anywhere, without being subject to regulations and banking issues.





We’re on a mission. And it’s bigger than just selling a grow box.

We believe in democratizing the plant.  Like tomatoes, you should be able to choose whether to buy them in a store, or grow them at home yourself.  Medicine shouldn’t just be available to those who can most afford it.  But it also needs to be easy and accessible to all, including those in apartments and other smaller spaces, and it can’t be complicated or clumsy.


Green Goddess Supply is an innovative, disruptive “cultivation to consumption” Cannabis Technology Lifestyle Brand offering a family of high-quality products to grow, harvest, store, prepare and consume cannabis products. The crown jewel in the company’s line is the award-winning, patented Armoire home grow system that empowers people to grow their own clean, organic cannabis flower at home quickly, easily, discreetly and inexpensively.


We are not targeting the early adopters or the niche consumer: we’re targeting the so-called “late majority.”  Our goal is nothing short of “owning the living room” and making our product line a household brand. 



Due to our leadership’s solid tech industry background, our internal systems and business processes are highly advanced and ready to handle a scaling business. The members of our management team each have over 30 years of public and/or private company leadership, with cross-functional capabilities necessary to grow and scale the business!


The Problem


Lack of access, inconsistent quality, and high costs 


The prohibitively high cost and related taxation of retail cannabis put it out of reach for many, especially retirees on a fixed income. In addition, many people still lack access, with upwards of 70% of residents living in cities in legal states that still have not approved the sale of cannabis in their locales. 



Much of the cannabis available in today’s market is also laden with pesticides, mold, and chemicals such as PGRs (Plant Growth Hormone Regulators). And while growing cannabis at home is a great solution, grow tents are often overly complicated, unsightly, noisy, smelly, and completely impractical for apartment dwellers with limited space. Fully-automated home grow units, which typically have the appearance of a clunky industrial refrigerator, are typically quite unattractive as well, are more expensive, generally underperform, and are laden with problems. 


The Solution


Grow your own organic, top-shelf cannabis at home


Green Goddess Supply offers a complete kit for discrete indoor gardening, called The Armoire, that fits beautifully into any living space. 


It’s not just hardware. We’ve re-invented a streamlined way to grow, and combine it with our patented hardware solution and fanatical customer service. It all takes place in a 21st-century nurturing system housed in an unassuming, 50-state-compliant, in-plain-sight curio cabinet—a small armoire, if you will.


Our technology-assisted nurturing system is stylish, odorless, comes equipped with a child lock, and is extremely easy to use– even for new growers. In fact, 95% of our customers are first-time growers! In addition, our technology allows customers to grow strains that dispensaries may not sell.




The Armoire includes personalized, 90-day free concierge support, via personal virtual calls, to ensure a successful experience for our customers. These units require minimal upkeep and produce an average of a quarter-pound of clean (mold-free, pest-free, pesticide-free), organic, top-shelf flower in as little as 60 days.  The Armoire typically pays for itself within the first grow, and many of our customers go from spending over $6000 per year at dispensaries to spending just $300 per year for seeds, soil, water, and electricity (source). That’s a 95% decrease! 



As a “non-plant-touching” cannabis technology company, we maintain normal banking relationships and merchant accounts, with both national and regional institutions. We are headquartered in Massachusetts and sell our products both D2C through our website, and to cannabis-specific retail “brick and mortar” locations, such as dispensaries and hydro grow supply stores, most of which have multiple locations and plan to expand into other states. 


We believe this will be a solid contributor to sales over the next five years, as more states legalize cannabis. We are currently maximizing our profit through working with brand ambassadors, doing targeted PR and product reviews, long-term search engine optimization, word-of-mouth, targeted print, select online advertising, expanding our social media presence, and internal email lists. We also offer both drop shipping and affiliate programs that cover our broad line of ancillary accessories, as well as The Armoire itself. 


The Market


The cannabis industry is one of the fastest-growing in modern history and we are at the genesis of its explosive growth


The home grow market is estimated at $7 billion in the US alone, growing at a 27% CAGR (sourcesource). Previous stigmas are fading away, as about two-thirds of US states have already legalized its use, and more are predicted to follow suit. Researchers in Israel are treating cancers with cannabis and many doctors around the world are now recommending it to sick patients (source). Reputable sources are plentiful, between mainstream news and industry-specific news vehicles (like Ganjapreneur Magazine, Cannabis & Tech Today), while market research firms, such as New Frontiers, Arcview, and Forrester have embraced the exploding Industry with increasing research support.  



However, 60-70% of residents in legal states still don't have reasonable, convenient access to quality cannabis, as retail dispensaries and grow operators must be licensed by the state and approved city by city (source). Our outbound marketing targets adults ages 21 and over, in emerging legalization states, as well as states that already allow some form of legal home grow. 


The industry is currently ripe for innovation and we have the advantage of being one of the first movers in our market. Unlike other start-ups, Green Goddess Supply has already de-risked a large chunk of the process, as our product has gone through prototyping into production, and we have shipped over 500 units. Our business is also “non-plant-touching”, which means we can sell our cabinets anywhere, without being subject to regulations and banking issues. 



Additionally, our customers regularly interact with us in an owners-only online forum, and via direct phone calls and video calls. Unlike many companies that view tech support as a necessary evil, we embrace it as part of the product experience. 


Our Traction


It’s not an idea or a theory– our product works! And we have the success and customer feedback to prove it.


Our products have won multiple awards, including “Top 25 Cannabis Tech Products of 2021” from Cannabis & Tech Today Magazine, and continue to receive glowing feedback from customers. We are currently in production and shipping and have built out global and domestic shipping and logistics, multi-location warehousing, and more, in a fairly mature model, supported by business and IT systems and processes. 


Over the last 18 months, we sold nearly 600 units, and in August of 2021, we were granted the primary patent on The Armoire. We have reached the pre-production prototype stage on our second, distinct model of The Armoire, expected to roll out in mid-2022, and have several other models in various stages of design, with their own unique features and capabilities. 



We also own several Trademarks, such as “Green Goddess Supply” and “The Armoire” (the word marks), as well as the visual icon (logo) for Green Goddess Supply. We have developed a relatively complex supply chain, with four warehouses distributed strategically around the country for faster, cheaper deliveries, 2 factory partners for The Armoire line, and about a dozen other fabrication plants both in the U.S. and around the world, producing our line of ancillary products. We believe our Concierge Service program to be the first of its kind. It was extremely well-received and has been streamlined and developed to scale. We anticipate being at the forefront of emerging state-of-the-art virtual-presence technologies such as AR/VR/XR as it rolls out to scale.



In addition, we have conducted several successful case studies to date, one with a customer who suffers from back pain and has used The Armoire to cut her monthly medical cannabis bill down from $500 to $30. Another case study was done on a customer who had previously struggled to find the specific strains she needed for medical purposes, and who is now able to grow more than enough of what she needs for a fraction of the amount she was previously paying, and creates her own infused edibles at home!



Why Invest


As the cannabis industry reaches an all-time-high, The Armoire puts the power back in the hands of the consumer, saving thousands each year


Our flagship product is a state-compliant, technology-assisted Home Grow nurturing system. Paired with our, one-on-one virtual consultation “Concierge Service”, we believe The Armoire will be the de-facto gold standard for growing home-grown top-shelf flower. 


Our goal is to be one of the first mainstream grow cabinets designed to be seen in the home, and we believe we have what it takes to dominate the home-grow niche, as its premier solution. As we expand our reach throughout the US, we intend to target our marketing on a state-by-state basis, and begin working with home improvement stores and so-called “big box retailers.” We also plan to expand sales into Canada, where home grow is legal country-wide. 


Outside of North America, we are exploring licensing and franchising business models for our home grow equipment, which could include replicating our concierge service program.


The future of Green Goddess Supply includes growing our sales, increasing marketing and brand recognition, building out our inventory and continued R&D on new products. We already have products in the pipeline, and infrastructure in place – now, all we need is the “rocket fuel” to propel the business into being a household name!




Insert Video

In the Press

Cannabis & Tech Today Magazine

Top 25 Most Innovative Cannabis Products of 2021 - Fast, easy, discreet growing is every connoisseur’s dream. With the Armoire, your dreams are a reality.

mg Retailer Magazine

Armoire home grow system receives U.S. Patent approval. BOSTON – Founders Vincent Bitetti and Eric Robichaud always thought they had created a very different and unique home grow cabinet in The Armoire. The U.S. government has agreed and issued an official patent, US 11,083,139 for The Armoire.

Green Goddess Supply Is Making The Process of Homegrown Cannabis Easier Than Ever Before

"We're empowering anybody to grow their own clean herbs at home themselves quickly, easily and inexpensively," Eric Robichaud, Green Goddess Supply CEO. "We are all about helping people. Most of our customers are either health-conscious or health challenged and want clean, affordable meds."

Offering Summary


Company

:

Blazing Bits Inc.

Corporate Address

:

3 Charlesview Road, Suite C, Hopedale, MA 01747

Offering Minimum

:

$9,999.70

Offering Maximum

:

$1,069,999.25

Minimum Investment Amount

(per investor)

:

$285.00











Terms


Offering Type

:

Equity

Security Name

:

Class B Common Stock

Minimum Number of Shares Offered

:

10,526

Maximum Number of Shares Offered

:

1,126,315

Price per Share

:

$0.95

Pre-Money Valuation

:

$5,462,500.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

Invest in the first 48 hours, get 15% bonus shares

Invest in the first 7 days, get 10% bonus shares

Invest in the first 30 days get 5% bonus shares

Amount-Based:

Tier I: Invest $500 and receive 1% bonus shares

Tier II: Invest $1000 and receive 2% bonus shares and 10% discount coupon to our online store (reusable up to a year)

Tier III: Invest $2500 and receive 3% bonus shares and 10% discount coupon to our online store (reusable up to a year)

Tier IV: Invest $5000 and receive 4% bonus shares and 15% discount coupon to our online store (reusable up to a year); acrylic investor tombstone

Tier V: Invest $10,000 and receive 5% bonus shares and 15% discount coupon to our online store; acrylic investor tombstone

*All perks occur when the offering is completed.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

The 10% StartEngine Owners' Bonus

Green Goddess Supply, LLC 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 Preferred Stock at $0.95 / share, you will receive 110 shares of Preferred Stock, meaning you'll own 110 shares for $95. 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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

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: Vendor payments. Inter company debt or back payments. Salary payments made to one’s self, a friend or relative.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$250,768.00 USD
$160,273.00 USD
Cash And Cash Equivalents
$2,017.00 USD
$10,190.00 USD
Accounts Receivable
$0.00 USD
$8,466.00 USD
Short Term Debt
$50,952.00 USD
$99,089.00 USD
Long Term Debt
$842,464.00 USD
$187,614.00 USD
Revenues And Sales
$622,390.00 USD
$542,622.00 USD
Costs Of Goods Sold
$508,006.00 USD
$328,150.00 USD
Taxes Paid
$500.00 USD
$500.00 USD
Net Income
-$516,219.00 USD
-$82,852.00 USD

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.


Updates

Final 24 hours! Help us Reach $100K

5 days ago

We appreciate the support we've reached from our community so far, and are making one last appeal to help us cross the $100K threshold. 

If you haven't jumped in yet, we hope you will.  If you have already jumped in, we'd like you to consider just an extra $100 or $200 to help us cross the line. 

We're getting ready to launch our new line of grow tents based upon our unique Autoflower Grow Protocol, to give us an entry at a lower price point (under $999) and newer models of the Armoire.  A couple concept images are shown below.

Every dollar is critical, because we're putting it into inventory on these new items for 4th Quarter, which we have to commit to NOW in August, to get them built and shipped back on time for the holiday selling season.  Here's a sneak peak at the upcoming tent system that will be part of our ecosystem shortly!



Final Days! Help us hit $100k!

7 days ago

We are now in the final days of our campaign!   We thank everyone who's jumped onboard already, and encourage the rest of you to jump in before it's too late, and help us reach $100k.  

While we can't absolutely predict what the future will bring, it is our belief and expectation that while we may or may not offer a larger institutional (VC) round in the future, this will be the first and only chance for the individual retail investor to get involved at this level.

As many of you know, our "High Yield, Easy Grow" protocol, supported by our renowned Concierge Service program, is not just unique but unprecedented in this industry.  It forms the "hub" of our strategy for our line of grow products.   We are now finalizing our first production run of full-system tent kits that will support our protocol and provide a lower price-point entry into the market (which still preserving strong margins); and the next generation of higher-end Armoire systems continue to inch closer to being production-ready.  

Your support will help us accelerate our entry to market with these new products, plus some exciting new accessories for our wholesale channels.

We hope you will join us on our mission to democratize the plant, and empower everyone and anyone to grow their own clean, organic flower at home themselves quickly, easily, discreetly and inexpensively!


Final Week!

12 days ago

We are coming down to the final week on our campaign!  We have a high number of “followers” watching - now is the time to jump in before it’s too late!  

We will be announcing shortly the expansion of our homegrow line — new, complimentary products to The Armoire at a lower price point to expand our market reach, some new accessories and more.

While it may be a dog days of summer right now, we are busy executing our 4th quarter strategy, planning ahead for the busy fall/winter sales season.  The more capital we raise, the more new SKUs we will be able to introduce this winter. 

We hope you will join us on this journey! 

New Home Grow Report

16 days ago

Hi Folks!   For those of us who "get" and support the right to grow your own at home and just how massive the market opportunity is, the dearth of solid data and reporting on this subset of the industry has been frustrating.   So we were very excited to see that New Frontiers Data just release a comprehensive report on home grow in the U.S.!  

A couple key takeaways from the new report:

* Conservatively, homegrowers will produce an estimated 11 million pounds of dried flower in 2022, increasing to over 15 million pounds annually by 2030.

* Assuming an average prevailing market value of $1,250 per pound, cannabis output from U.S. homegrowers would be valued at $14 billion in 2022 alone.

* 72% of homegrowers grow in soil

* 74% of homegrowers said they would likely use an automated system. (an additional 3% said they already do; 8% were undecided).

* The legal cannabis market is growing quickly, creating an expanding opportunity for homegrowing. The recent dramatic expansion of legal cannabis in the U.S. is, in parallel, expanding the opportunity for home cultivation as legalization lowers resistance to participation in this market.

* The DEA’s recent decision to treat marijuana seeds as hemp could significantly open up the market for homegrow genetics.


This is what we've been saying right along...  It's nice to finally see trusted, professional, independent backup for what we've been saying! 



Watch us on ProCannabis Media Live Stream today!

19 days ago

Thank you to Pro Cannabis Media for hosting us today on their live stream show:  

https://www.youtube.com/watch?v=Lq87gUjiSqo

Our CEO, Eric Robichaud, was featured in the first 30 minutes of the show, talking about Green Goddess Supply, the Armoire, and our RegCF raise.  Check it out!  

New Products in the Pipeline!

26 days ago

We are excited to update everyone that our summer has been heating up, as we prepare for the Fall selling season!  

Things always slow down in June and July and into the first half of August while people are on summer break and vacations, and the kids are home from school etc. But then in mid-August things start getting busy again as people get “back to business.” So we use the summer slowdown to kick product development and manufacturing into high gear.  

First, we have a new batch of Armoires built and about to get boxed up and shipped out to our distribution center(s).  Next, an entirely new model of The Armoire is getting closer to sign-off (to enter into production). This new model is based upon a flat-pack design that will give us an entry at a lower price point, and save dramatically on shipping and warehousing. Furthermore, we have a brand new grow tent kit (done “The Green Goddess way” of course!) about to ship as well.

But that’s not all - we are also very excited to introduce a radical new pipe offering, for our accessory line this fall! 

Our Community Joins In! | Insider Investment Notice

about 1 month ago

We're excited to see our community come in and invest in Green Goddess Supply!

Our Insiders have invested a total of $10,000  into the offering to date!

We hope you join in as well!   Invest in Green Goddess Supply!


Please refer to the Company’s offering materials for further information and refer to the Company’s Risk Factors.

Upcoming Review in Ganjapreneur!

about 1 month ago

We’re excited to let our community know that Ganjapreneur (a popular, well-respected publication covering the greater cannabis industry) is doing a VERY in-depth review of The Armoire for publication this Fall!  

They have one of our units and are growing a gorgeous plant!  See below for a photo of their plant as of two days ago. This is a "Black Strap" (a cross of Anvil), so it's growing some exotic, dark purple buds as opposed to the more traditional green buds non-growers would expect to see. We have grown this strain ourselves as well as many of our customers, and it's been a terrific strain to both grow and consume.  One of the Ganjapreneur writers has gone through the entire process from unboxing to setup and through all phases of an actual hands-on grow thus far. The plant will be finished in a couple weeks, and then she'll submit her story/review.  

We can’t wait to see this in-depth story hit the streets in a couple months!



Meet Us and Special Guests Wednesday for our Home Grow 102 Webinar

about 2 months ago
Join us Wednesday for a free, educational webinar:  Home Grow 102!   

Folks really enjoyed the first one we did, so we're doing a follow-up.  We will be talking about soil, nutrients, amendments, seeds / genetics, germination best practices, and more!  


In addition to Vincent and Eric from Green Goddess Supply, we will also have not just one, but TWO special guests joining us!   

Tommy Fox, owner of Fish Head Farms and maker of Fish Sh!t will be joining us, as well as Aaron McMichael from Twenty20 Mendocino - breeders of high quality genetics! 

Here's the signup link:   https://forms.gle/U7RJDPZo43K1fEj66

As always, this webinar is free - we just want to avoid idiots "zoom bombing" the presentation, so we don't publicly post the link ahead of time.  We will email the link directly to those interested. 

Review in Cannabis & Tech Today

about 2 months ago

This was fun to see!  Cannabis & Tech Today surprised us with an article on The Armoire:


https://cannatechtoday.com/the-home-grow-just-became-more-sophisticated/


First Milestone Reached!

about 2 months ago

Another week, another update!  

The campaign is gaining momentum - we crossed the $50k mark this week, which is our first milestone, and an important one!  Until now, StartEngine has NOT promoted our campaign to its membership.  This milestone triggers the StartEngine platform to promote our campaign to its estimated 750,000 members, which we're excited to see unfold over the coming days.   

This entire raise is being done to add rocket fuel to our Sales and Marketing efforts - we believe we have a really cool product, in a really hot market, gaining both traction and great reviews as noted above in this campaign, and just looking for marketing funds now to get the word out and explode sales and profits.

Thank you to everyone who's invested so far - we're on a roll, and looking forward to bigger things to come!  

First Update - Answering a few questions!

2 months ago

Hello and welcome to our campaign!  We're excited to post our first update to answer a few common questions we're being asked.  If you've asked these questions, you've heard us explain that we can't give any additional information one-on-one (everyone needs access to the same info) so we're posting them here for all.  These involve forward-looking projections and management's opinions, so do understand that these are forward-looking statements that cannot be guaranteed.


1. Addressable Market.  We've been asked about our opinion on the market size in terms of unit sales potential.  In a word, it's huge. Our campaign page (above) talks about the size of the greater market and estimates on the home grow space ($7Bn and growing quickly). But we've been asked about our addressable market specifically for The Armoire.  As you can see in the "Figure 1" graphic below, based upon US Census Data and Gallup Poll information, the addressable market in the U.S. alone is 30M consumers, and growing annually as new consumer enter the market.  We believe there's a LOT of "room to run" with an appetite for at least 1M to 2M Armoire home grow systems per year, just in the United States.  


Figure 1:



2. Financial Projections. 

Figure 2 below shows our summarized four year projections. The numbers are derived from a complex model that projects a yearly basis from funding (hence "Year 1", "Year 2" as opposed to specific calendar years being explicitly stated.) We essentially expect one more year of red ink in which we spend the capital we raise (which is not considered income, but the expenses are considered expenses), and turn the corner to self-sustaining profitability in the second year. See slide below for details.


Figure 2:



We thank you for your interest and support, and look forward to the next update!

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