CraftAg Revenue

Food and Beverage Services • Albany, Oregon, United States • 1-10 Employees

CraftAg revenue & valuation

Annual revenue	$513,330
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Food and Beverage Services industry and current estimated revenues	$1,700,000
Total funding	No funding

Key Contact at CraftAg

Kelly Michols

Chief Executive Officer

Company overview

Headquarters	Albany, Oregon, United States
Website	craftag.com
NAICS	311
SIC	179
Keywords	Agtech
Founded	2019
Employees	1-10
Socials

About CraftAg

CraftAg was formed in 2019 to provide agricultural technology and plant genetics to the U.S. industrial hemp industry (made federally legal by the 2018 Farm Bill). The company pioneered a new approach to drying and curing high-CBD hemp flower at agricultural scale that preserved valuable chemical compounds, reduced spoilage, and increased the yield of sellable material by 400%. Despite a successful product launch and national distribution through over a hundred brokers and resellers, the company was hampered by a high level of default on customer credit and ran out of cash. The primary enterprise investor withdrew support for CraftAg at this time, citing an internal change in leadership and strategic direction as the reason. A negative shift in investor sentiment toward the hemp industry made it difficult to replace them. In November 2021, CraftAg suspended operations and laid off all but a few key members of its staff. Owners and remaining employees developed a new business plan, pivoting to a cash flow positive, service-based model, and secured a contract worth $60 million. Unfortunately, they were unable to secure the additional capital required to relaunch the company, and CraftAg closed permanently on March 1, 2022.

Employees by Management Level

Total employees: 1-10

Seniority

Employees

Entry

C-Suite

Employees by Department

CraftAg has 2 employees across 2 departments.

Departments

Number of employees

Funding Data

CraftAg has never raised funding before.

Frequently asked questions

CraftAg is located in Albany, Oregon, US.

CraftAg generates an estimated annual revenue of $513,330. This revenue figure reflects the company's market position and business performance in its industry.

CraftAg has an estimated valuation of $1,700,000. This valuation is calculated based on industry-standard revenue multiples and reflects the company's growth potential and market positioning.

CraftAg was founded in 2019, making it 7 years old. The company has established itself as a significant player in its industry over this time.

CraftAg has approximately 1-10 employees. The company continues to grow its workforce to support its business operations and expansion.

Key Contact at CraftAg

Kelly Michols

Chief Executive Officer

4.8

40,000 users