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Union Electric
OperatingUnion Electric Supply, Inc.
Recreation · Founded 2020
Premium and affordable cannabis from California's top cultivators
Valuation cap ⓘ
$30.0M
As of Nov 2021 · from Union Electric Crowd SAFE 1 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$318,601
Across 1 round since 2021
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
FY2020
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; 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$30.0M
Valuation cap
Union Electric Crowd SAFE 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 $318.6K / $5MInvestors 626Valuation cap $30M
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
Source: ManualCIK 0001829703
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.