Florida Cane Distillery

Neutral
BETA

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

Analytics

Raised to Date: $61,302

Aggregate Commitments $
Platform

Wefunder

Start Date

10/16/2020

Close Date

12/02/2020

Min. Goal

$320,000

Max. Goal

$800,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

10/21/2020

Days Remaining

38

% of Min. Goal

19%

% of Max. Goal

8%

Likelihood of Max
Avg. Daily Raise

$12,260

# of Investors

42

Momentum
Location

Tampa, FL

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

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

$0

Total Liabilities

$245,922

$155,639

Ratings

last updated 10/25/2020

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