Princeton Vincent LLC | Application Preview
Princeton Vincent LLC is seeking government grants to support its growth in the CBD industry. The funding will be allocated towards product development, opening new stores, hiring additional staff, and providing free access to their products for those in need. The company's plan involves launching two new stores annually and hiring three salespeople for each location. Notably, they intend to donate 25% of their products to individuals who cannot afford medication.
The company has a solid track record, having been in the industry for over five years since the opening of their first store in November 2018. They previously sold their products through other retailers and online, establishing a fully integrated operation encompassing farming, processing, wholesale, and retail. Princeton Vincent LLC has secured a federal trademark for “CBD America” and has an international patent pending for a new product.
In terms of competition, the company highlights their unique position in the market, claiming no direct competitors offer the same products they do. Unlike the majority of CBD companies that rely on isolates or distillates, Princeton Vincent LLC employs a proprietary system that utilizes the entire hemp plant, including the roots, to maximize the health benefits of all cannabinoids—without the use of alcohol or CO2. Dr. Shuang Xie, PhD, leads the company and ensures quality oversight for all products. The funding is requested solely for growth initiatives, with no intention to cover debts or management payouts.
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General Information
Business Registration Number: 46-4477760
Location: Forest Grove, OR, United States
Length of Operation: 1.5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
We will use the funds to assist with product development, opening stores, higher new staff and getting free access to those that rely on our products.
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Business Plan
we will open 2 stores a year and higher 3 sales people per store. We will be giving away for free 25% of all products made to those who can't afford the medicine. The funds would be used for growth only, no backdebt or payout to managment. We have been in this industry for over 5 years. Our first store opened in 11/2018. We were selling in other retail stores and online prior. We all fully integrated. Farm, processing, whoelsale and retail. We have a federal trademark for CBD America and an international patent pending on a new product we developed. We believe we are leaders in this space.
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Self Identified Competition
We do not have any competitors making the same products we do. 99% of all CBD companies are using isolate or distillate, we do not. We have a proprietary system that uses the entire plant including the roots, so you get the full benefit of all cannabinoids without the use of alcohol or co2. Dr Shuang Xie PhD is our president and oversees all products.
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