Medicine Man Technologies $5.00 million Financing. Brett Roper Released Sep 12 SEC Form

September 13, 2017 - By Hazel Jackson

Medicine Man Technologies Financing

Medicine Man Technologies, Inc., Corporation just had published form D regarding $5.00 million equity financing. This is a new filing. Medicine Man Technologies was able to sell $1.00 million so far. That is 20.00 % of the financing round. The total financing amount was $5.00 million. The fundraising form was filed on 2017-09-12. The reason for the financing was: unspecified. The fundraising still has about $4.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Medicine Man Technologies is based in Colorado. The firm’s business is not disclosed. The form was submitted by Brett Roper CEO. The company was incorporated in 2014. The filler’s address is: 4880 Havana Street, Suite 201, Denver, Co, Colorado, 80239. Brett Roper is the related person in the form and it has address: 4880 Havana Street, Suite 201, Denver, Co, Colorado, 80239. Link to Medicine Man Technologies Filing: 000112873217000034.

Analysis of Medicine Man Technologies Offering

On average, startups in the not disclosed sector, sell 67.77 % of the total offering amount. Medicine Man Technologies sold 20.00 % of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 67.21 % smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this financing is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Medicine Man Technologies Also

The Form D signed by Brett Roper might help Medicine Man Technologies, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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