Cherrish

100% all-natural cherry juice that fights inflammation

Analytics

Raised to Date: $75,108

Aggregate Commitments $
Platform

Republic

Start Date

01/27/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$25,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

300%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$894

# of Investors

183

Momentum
cold
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Location

Mercer Island, Washington

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Cherrish, with a valuation cap of $25 million, is raising crowdfunding on Republic. The company makes 100% natural cherry juice from Montmorency and Bing cherry. The Cherrish juice does not contain any sugars, filters, or additives and has a low glycemic index. The juice is high in antioxidants and helps to fight inflammation. Daniel Haggart founded Cherrish in October 2012. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to launch new products and help in large scale distribution. Cherrish reported $2 million in sales in 2020 and expects to generate $25 million by the end of 2023. Cherrish juice is available in over 2,300 stores across the US and sells at a gross margin of 42% in stores and 47% online.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,265,866

$217,046

COGS

$660,153

$498,710

Tax

$0

$0

 

 

Net Income

$-1,614,615

$-1,130,260

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$262,025

$101,287

Accounts Receivable

$224,747

$54,747

Total Assets

$731,940

$494,762

Short-Term Debt

$651,794

$737,709

Long-Term Debt

$0

$0

Total Liabilities

$651,794

$737,709

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