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Union Electric

Operating

Union Electric Supply, Inc.

Sports & Recreation · Los Angeles, DE · Founded 2020

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Premium and affordable cannabis from California's top cultivators

Valuation cap ⓘ
$30.0M
As of Nov 2021 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,921,001
Crowd $319K · Private $1.6M · 2 rounds since 2020
Latest share price
$0.001
Section 4(a)(2) · Common Stock · Feb 2020 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$0
2019
$924K
−$644K
2020
$3.2M
−$1.0M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 audited*
FY2020 audited*
FY2021
Income statement
Revenue
$0
$924,429
$3,179,650
Cost of goods sold
$0
$779,871
$2,651,785
Gross margin
—
16%
17%
Net income
$0
-$644,070
-$1,023,215
Taxes paid
$0
$0
$0
Balance sheet
Cash
$0
$670,675
$162,787
Accounts receivable
$0
$43,534
$90,961
Total assets
$0
$1,298,270
$667,124
Short-term debt
$0
$70,228
$136,640
Long-term debt
$0
$1,559,032
$1,152,276
Total liabilities
$0
$1,629,260
$1,288,916
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
$30.0M
Valuation cap
Reg CF · SAFE · Jun 2021

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 · SAFE · Jun 2021Closedvia Republic
Raised $318.6K / $5MInvestors 626Valuation cap $30M

Team

3 people
Alexander Max Goldstein
Chief Executive Officer
Kristoffer Bjornerud
Director
Tyler Allen Wakstein
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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

Delinquent

Filed 1 of 5 annual reports (FY2021–FY2025)

Missing: 2022, 2023, 2024, 2025

626 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 27, 20220001829703-22-000001
    EDGAR
  • Form C-UNov 4, 20210001829703-21-000004
    EDGAR
  • Form CJun 29, 20210001829703-21-000003
    EDGAR
Source: ManualCIK 0001829703DEShare price $0.001

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.