Crafty Elk
Early Stage
Hard Juice® Cocktails, Pioneering a NEW alcohol category
Overview
Raised: $10,600
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/16/2023
Close Date
12/08/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$7,000,000
Discount
5%
Year Founded
2022
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Crafty Elk, with a valuation of $7 million, is raising funds on Wefunder. The company makes organic and gluten-free hard juice cocktails. Crafty Elk’s cocktails are made using unique functional formulations and clean ingredients, including premium spirits, vegetable pulps, juice, prickly pear, goji berries, ginger, turmeric, and more. Six of the Crafty Elk formulations have been selling for over seven years, and three new tequila cocktails are in trial runs. Greg Gilliland founded Crafty Elk in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for manufacturing goods, marketing, and human resources.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,802 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,388 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,388 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/16/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Crafty Elk | 12/08/2023 | Wefunder | $7,000,000 | $10,600 | Convertible Note | Not Funded | RegCF |
No prior online funding rounds.
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