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REEF GROWS

Operating

reef Grow Technology, Inc.

Industrial & Manufacturing · Founded 2016

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Converting cannabis consumers to cultivators with a premium home grow experience

Valuation cap ⓘ
$8.0M
As of Apr 2024 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$71,770
Crowd $54K · Private $18K · 3 rounds since 2021

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 unaudited
FY2022 unaudited
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, 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

Valuation caps on SAFE / convertible note rounds
$8.0M
Valuation cap
Reg CF · Note · Apr 2023

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Apr 2023Closedvia WeFunder
Raised $54.3K / $124KInvestors 29Valuation cap $8M
Reg D · Debt · Sep 2021Closed
Raised $7.5KInvestors 3
Reg D · Debt · Sep 2021Closed
Raised $10KInvestors 1

Team

2 people
Conor SheehanFounder
Founder
Doug Falatko
Chief Financial Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

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

  • Form C-ARApr 29, 20240001881401-24-000001
    EDGAR
  • Form CApr 17, 20230001670254-23-000357
    EDGAR
  • Form DSep 29, 20210001881401-21-000003
    EDGAR
  • Form DSep 21, 20210001881401-21-000002
    EDGAR
Source: ManualCIK 0001881401

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.