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REEF GROWS
Operatingreef Grow Technology, Inc.
Industrial · Founded 2016
Converting cannabis consumers to cultivators with a premium home grow experience
Valuation cap ⓘ
$8.0M
As of Apr 2024 · from REEF GROWS Convertible Note 1 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$54,270
Across 1 round since 2023
Latest share price
$1.00
REEF GROWS Convertible Note 1 offering price
Financials
FY2021–FY2023 · from SEC filings · hover any figure for its source$0
−$53K
2021
$0
−$60K
2022
$0
−$59K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021
FY2022
FY2023
Income statement
Revenue
$0
$0
$0
Cost of goods sold
$0
$0
$0
Net income
-$52,505
-$60,298
-$58,715
Taxes paid
$0
$0
$0
Balance sheet
Cash
$18,781
$16,080
$10,435
Accounts receivable
$0
$0
$1,500
Total assets
$18,781
$16,080
$11,935
Short-term debt
$24,479
$0
$0
Long-term debt
$50,503
$132,580
$185,650
Total liabilities
$74,982
$132,580
$185,650
Other
Headcount
—
5
1
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$8.0M
Valuation cap
REEF GROWS Convertible Note 1
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $54.3K / $124KInvestors 29Valuation cap $8M
Reg CF annual-report compliance
Not requiredFewer than 300 holders of record
Filed 1 of 3 annual reports (FY2023–FY2025)
29 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
Source: ManualCIK 0001881401Share price $1.00
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.