Diesel Beverages
Early Stage
The first and only strain-specific cannabis terpene beverages without CBD or THC
Overview
Raised: $187,604
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/18/2022
Close Date
02/24/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$603
# of Investors
107
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Diesel Beverages, with a valuation of $6 million, is raising funds on Wefunder. The company makes strain-specific cannabis terpene beverages without CBD or THC. The beverages have the therapeutic properties of cannabis terpenes, all-natural flavors, and no limits for distribution channels. Diesel Beverages has top distributor partnerships, is selling on Amazon, and plans to reach $6 million in revenue by 2024. Marc Brannigan and Natalie Mondine founded Diesel Beverages in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for production costs of cans and concentrates, staffing, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,230 |
$0 |
|
COGS |
$615 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-61,635 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$75,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$590,500 |
$0 |
|
Short-Term Debt |
$89,750 |
$0 |
|
Long-Term Debt |
$350,000 |
$350,000 |
|
Total Liabilities |
$439,750 |
$350,000 |
Financials as of: 04/18/2022
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