El Hempe
Early Stage
Unmask the flavor!
Overview
Raised: $181,172
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/14/2022
Close Date
06/26/2023
Min. Goal
$9,999
Max. Goal
$1,234,992
Min. Investment
$238
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.67
Pre-Money Valuation
$10,804,024
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$939
# of Investors
83
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
El Hempe, with a valuation of $10.8 million, is raising funds on StartEngine . It has created a ready-to-drink (RTD) sparkling tequila cocktail that features the aromatic terpenes of cannabis. These THC and CBD-free drinks combine the herbaceous terpenes of cannabis with the smooth, crisp taste of sparkling tequila to create a delicious beverage that bridges the cannabis and cocktail worlds. Anthony J. Bash founded El Hempe in November 2019. The current crowdfunding campaign has a minimum target of $9,999.15 and a maximum target of $1,234,992.48. The campaign proceeds will be used for marketing, company employment, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$57,238 |
$1,238 |
|
COGS |
$43,717 |
$1,111 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-855,627 |
$-658,495 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$40,383 |
$174,319 |
|
Accounts Receivable |
$25,595 |
$0 |
|
Total Assets |
$894,826 |
$616,087 |
|
Short-Term Debt |
$600,266 |
$540,300 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$600,266 |
$540,300 |
Financials as of: 12/14/2022
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