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Status: Extended

Jun 1st 2021 - Jul 11th 2021

Avida Global (AG) is a Business-to-Business (B2B) producer of high-quality medicinal cannabis oils and derivatives for the global medical, well-being and cosmeceutical markets. The company has a cultivation and processing facility in North-East Colombia. It asserts that the therapeutic properties of the cannabis plant has driven 53 countries to legalise its use, with more to follow. AG seeks to capture this demand and become a contender in the medicinal cannabis market that is expected to soar from $33.1 billion to $84.0 billion by 2028. The company has received regulatory approvals for initial non-psychoactive cannabis cultivation, manufacturing, and export licences in 2019. It is working on a partnership with a medicinal cannabis prescriber through doctors and clinics for the supply of medicinal cannabis strains in the UK. The company will use 40% of the investment to drive revenue growth, 25% as capital expenses, and 35% as additional operating expenses.

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Avida Global Rating Review

Pitch rating powered by CROWDRATING

Rated on 02/07/2021

Pitch Rated

79%

overall

Management

87%

Product

70%

Investment

81%

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    Log in to view target

    £15,446,959
    pre-money valuation

    6.08%
    equity available

    565
    investors

    £2,914
    pledge per investor

    11540240
    company number

    Active
    company status

    28/08/2018
    incorporated 6 years

    Previous Funding rounds
    29 Mar 24 Seedrs £1,646,249 / 165% 79.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 87%

Skills 91%
The Avida Global Ltd' management team comprises skilled professionals whose published LinkedIn profiles include expertise in management, technology, sales, marketing and finance. They have an experienced team in place that consists of a CEO, a COO, and a CFO. The Chief Executive Officer is proficient in business transformation, management consulting, business process improvement, software development, cloud computing, enterprise software and start-ups. He also has prior experience working at the same stage of business growth. The Chief Operating Officer is skilled in product development, new business development, business development, sales management, account management and business development strategies. The Chief Financial Officer is proficient in financial markets, FX options, structured finance, corporate finance, equities and financial markets.

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Funding progress

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days to go: Stretch investment: Withheld

Log in to view amount pledged

    Log in to view target

    £15,446,959
    pre-money valuation

    6.08%
    equity available

    565
    investors

    £2,914
    pledge per investor

    11540240
    company number

    Active
    company status

    28/08/2018
    incorporated 6 years

    Previous Funding rounds
    29 Mar 24 Seedrs £1,646,249 / 165% 79.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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