Florida Cane Distillery
Micro-distillery with the largest craft spirits portfolio in the nation
Analytics
Raised to Date: $61,302
Aggregate Commitments $
Wefunder
10/16/2020
12/02/2020
$320,000
$800,000
$250
Convertible Note
RegCF
Seed
$10,000,000
0%
Weekly Commitments $
Active
10/21/2020
38
19%
8%
$12,260
42
Tampa, FL
Alcohol, Tobacco, & Recreational Drugs
Non-Tech
B2B2C
Medium
High
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
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