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FOCUS V

Operating

Mastermined, Inc.

Industrial & Manufacturing · Torrance, CA · Founded 2015

Smart cannabis devices

Post-money valuation ⓘ
$24.6M
As of Aug 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$350,661
Across 1 round since 2024
Latest share price
$1.50
Reg CF · Common Stock · Aug 2024 offering price

Financials

FY2022–FY2024 · from SEC filings · hover any figure for its source
$9.4M
−$154K
2022
$10.3M
$411K
2023
$9.9M
−$375K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
FY2024 unaudited
Income statement
Revenue
$9,370,352
$10,296,803
$9,907,847
Cost of goods sold
$4,844,416
$5,162,908
$4,639,598
Gross margin
48%
50%
53%
Net income
-$154,470
$410,617
-$375,021
Taxes paid
$0
$194,979
$120,069
Balance sheet
Cash
$76,363
$132,265
$33,716
Accounts receivable
$57,571
$113,334
$181,258
Total assets
$11,472,002
$14,004,786
$14,326,338
Short-term debt
$5,818,139
$2,589,606
$3,265,679
Long-term debt
$695,292
$6,240,989
$4,880,462
Total liabilities
$6,513,431
$8,830,595
$8,146,141
Other
Headcount
—
23
17

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$24.2M
pre-money
Reg CF · Common · Aug 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $350.7K / $1.2MInvestors 275Post-money $24.6M

Team

7 people
Samuel Jurist
CEO, Director, and Principal Accounting Officer

Cannabis veteran with 8+ years in the industry. Experienced entrepreneur with a history of success in the tech and consumer goods space. Skilled in Sales, Mergers & Acquisitions, Product Development and Marketing.

Eric Lancaster
VP of Sales

Eric is a seasoned sales leader. Dedicated to driving growth, while always maintaining a strategic vision. Eric cultivates successful partnerships and has a deep network in our industry.

John Quion
Director of Product Development

J.R. has been involved with graphics and design for almost 2 decades, while digging his hands deep into everything from conceptualization, product and packaging design, branding/identity, UX/UI, visual language, motion graphics, and much more, J.R. brings a wealth of relevant experience to the space. His passion for innovation, efficiency, and useability drives a never ending thirst for comprehension.

Robert Macente
VP of Operations

Bobby possesses a deep understanding of computers, website building & operations management. Currently, Bobby manages all fulfillment, customer service, websites, IT troubleshooting of all systems in the office and manages data and website analytics.

Barry Rothbard
Content Director

Barry leads the Focus V content strategy, managing our core social media pages, influencer program & content production. A writer at heart, Barry devised the tagline "Dab Smarter" & drives the brand's voice & messaging.

Toni Ferrante
Controller

Toni has decades of hands on experience managing daily accounting needs and financial statements for large product based company. Her deep understanding of accounting prinicpals makes her an excellent asset to the team.

Antoinette Ferrante
Controller

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 2 annual reports (FY2024–FY2025)

275 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRJun 4, 20260002011843-26-000001
    EDGAR
  • Form C-ARJul 8, 20250001665160-25-001283
    EDGAR
  • Form C-UMay 9, 20250001665160-25-001057
    EDGAR
  • Form C/AJan 13, 20250001665160-25-000049
    EDGAR
  • Form C/ANov 13, 20240001665160-24-001608
    EDGAR
  • Form C/ASep 5, 20240001665160-24-001288
    EDGAR
  • Form CAug 20, 20240001665160-24-001201
    EDGAR
Source: ManualCIK 0002011843CAShare price $1.50

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.