The Block Distilling Co.

The Block Distilling Co.

Early Stage

A craft distillery making #everydamndrop in house.

A craft distillery making #everydamndrop in house.

Overview

Raised to Date: Raised: $685,263

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/16/2021

Close Date

03/30/2022

Min. Goal
$250,000
Max. Goal
$1,069,999
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.72

Pre-Money Valuation

$7,340,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/02/2022

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

$1,684

# of Investors

354

Momentum
Funded
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Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Denver, Colorado

Business Type

Growth

The Block Distilling Co., with a pre-money valuation of $7.34 million, is raising crowdfunding on Wefunder. It is a craft distillery that makes small-batch spirits from start to finish in-house. Some of the products of The Block Distilling Co. include Four Grain Straight Whiskey, Summer Gin, Spring Gin, and Autumn Gin. Kraig Weaver, Michelle Weaver, and Cameron Weaver founded The Block Distilling Co. in 2015 and raised $1.5 million since the inception. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,069,999, will be used to fund expansion construction and hire an additional distillery assistant. The Block Distilling Co. has sold 120,000 drinks and 8,000 bottles and generated $1.85 million in lifetime sales since opening.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$568,476

$416,713

COGS

$144,482

$107,350

Tax

$8,727

$2,711

 

 

Net Income

$-278,707

$-217,535

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$76,566

$13,979

Accounts Receivable

$4,932

$8,993

Total Assets

$1,661,950

$1,331,564

Short-Term Debt

$823,921

$328,561

Long-Term Debt

$811,006

$852,639

Total Liabilities

$1,634,927

$1,181,200

Financials as of: 02/16/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The Block Distilling Co. 04/28/2024 Wefunder $10,205,666 $0 Equity - Preferred Active RegCF
The Block Distilling Co. 03/30/2022 Wefunder $7,340,000 $685,263 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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The Block Distilling Co. on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,340,000
Price per Share: $2.72

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