Florida Cane Distillery

Florida Cane Distillery

Early Stage

Micro-distillery with the largest craft spirits portfolio in the nation

Micro-distillery with the largest craft spirits portfolio in the nation

Overview

Raised to Date: Raised: $196,821

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/15/2020

Close Date

03/20/2021

Min. Goal
$100,000
Max. Goal
$800,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,270

# of Investors

158

Momentum
Funded
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Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Tampa, Florida

Business Type

Growth

Florida Cane Distillery, with a $10 million valuation cap, is raising funds on Wefunder. The micro-distillery makes and sells Florida Cane Vodka, El Encanto Rum, Tamiami Gin, and Red Drum Whiskey. The products are made using local produce from Florida and bottled and packaged in American glass. Florida Cane Distillery is owned by Lee Nelson and Pat O’Brien and raised over $290,000 since its founding. The proceeds of the current crowdfunding round, with a minimum target of $320,000 and a maximum target of $800,000, will be used for refinancing the existing high-interest debt, increasing sales staff, and locating and establishing a second distillery and tasting room. The products of Florida Cane Distillery nationally-recognized and sold in over 100 restaurants, liquor stores, amusement parks, and supermarkets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$446,372

$333,575

COGS

$136,494

$88,827

Tax

$0

$0

 

 

Net Income

$-83,373

$-3,725

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$99,708

$10,643

Accounts Receivable

$0

$0

Total Assets

$128,133

$106,223

Short-Term Debt

$77,383

$110,644

Long-Term Debt

$168,539

$44,995

Total Liabilities

$245,922

$155,639

Financials as of: 10/15/2020
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Florida Cane Distillery on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,000,000

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