Cleveland Whiskey

Cleveland Whiskey

Early Stage

Whiskey Distillery Innovator of the Year

Whiskey Distillery Innovator of the Year

Overview

Raised to Date: Raised: $711,787

Platform

Wefunder

Start Date

05/19/2016

Close Date

10/19/2016

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.69

Year Founded

2009

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

Cleveland, Ohio

Cleveland Whiskey is raising funds on Wefunder. The company makes high-quality premium whiskey with the use of technology. Cleveland Whiskey uses technology to accelerate the cycles of temperature and pressure change associated with the aging of whiskey, all within a controlled and oxygenated environment. The company distributes its whiskey in 16 states and has won 80 medals globally. Tom Lix founded Cleveland Whiskey in July 2009. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for investments in production capacity and manufacturing facility improvements, expansion of national and international distribution, and marketing.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$1,075,304

$964,192

COGS

$477,495

$589,419

Tax

$0

$0

 

 

Net Income

$-85,411

$-577,998

Summary Balance Sheet

FY 2015 FY 2014

Cash

$200,802

$100,811

Accounts Receivable

$67,538

$97,723

Total Assets

$1,228,213

$965,104

Short-Term Debt

$938,684

$778,223

Long-Term Debt

$316,426

$344,994

Total Liabilities

$1,255,110

$1,123,217

Financials as of: 05/19/2016
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cleveland Whiskey 09/14/2018 Wefunder $14,800,000 $1,540,570 Equity - Common Funded RegCF
Cleveland Whiskey 10/19/2016 Wefunder - $711,787 Equity - Common Funded RegCF
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Cleveland Whiskey on Wefunder 2016
Platform: Wefunder
Security Type: Equity - Common
Price per Share: $2.69

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