El Hempe

El Hempe

Closed: Jun. 2023

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.

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Investment Overview

Invested this round: $181,172

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/15/2022
Close Date
06/26/2023
Min. Goal
$9,999
Max Goal
$1,234,992
Min. Investment

$238

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.67

Pre-Money Valuation

$10,804,024

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Location
Portland, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Tony Bash
Title
CEO

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

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

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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
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Add to portfolio
El Hempe on Startengine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,804,024
Price per Share: $2.67

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Follow El Hempe on Startengine 2022

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Warning: according to the close date for this deal, El Hempe may no longer be accepting investments.

El Hempe Deal Report

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