El Hempe
About this raise
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.
Investment Overview
Invested : $181,172
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/15/2022
- Close Date
- 06/26/2023
$9,999
$1,234,992
$238
Equity - Common
Early Stage
RegCF
$2.67
$10,804,024
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
-
$1,238
as of FY2022
- Monthly Burn
-
$71,302
as of FY2022
-
Runway
-
0.6 months
as of FY2022
- Gross Margin
-
24%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,348,879
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/26/2023 | StartEngine | $10,804,024 | $181,172 | Equity - Common | Funded | RegCF |