This company is no longer in business. Investors can get details about any potential exits or failures here.
Elegance Brands
Early Stage
Excellence in Beverage Innovation
Overview
Platform
Dalmore Group
Start Date
08/01/2018
Close Date
Not Provided
Min. Goal
$250
Max. Goal
$50,000,000
Min. Investment
$250
Security Type
Equity - Common
SEC Filing Type
RegA+
Price Per Share
$10.00
Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Beverly Hills, California
Elegance Brands is raising funds on Dalmore Group through Reg A+ crowdfunding. It is a global beverage company with a focus on hemp and CBD-based energy drinks and premium and luxury spirits. The brands under Elegance Brands include Gorilla Hemp Energy Drink, VOCO RTD Cocktails, Sway Energy Drink, Bittertales Aromatic Bitters, and Elegance Vodka. Amit Raj Beri founded Elegance Brands in October 2017. The current crowdfunding campaign has no minimum target and a maximum target of $50,000,000. The campaign proceeds will be used for marketing, consulting, travel, utilities, hiring quality control staff, product development, rent and warehousing, and working capital.
Balance Sheet
|
Cash and Cash Equivalents |
$73,492 |
|
Accounts and Notes Receivable |
$60,510 |
|
Property, Plant and Equipment (PP&E) |
$25,000 |
| Total Assets |
$159,002 |
|
Accounts Payable & Accrued Liabilities |
$149,800 |
|
Total Liabilities |
$149,800 |
|
Total Stockholders' Equity |
$9,202 |
| Total Liabilities and Equity |
$159,002 |
Statement of Comprehensive Income Information
|
Costs & Expenses Applicable to Rev |
$1,548 |
| Net Income |
$-1,548 |
|
Earnings Per Share - Basic |
$0.00 |
|
Earnings Per Share - Diluted |
$0.00 |
Auditor: Spiegel Accountancy Corp.
Financials as of: 08/01/2018
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