Florida Cane Distillery

Florida Cane Distillery

[Closed for Investment] Florida Cane Distillery, with a $10 million valuation cap, is raising funds on Wefunder. The micro-distillery makes and sells Florida Cane Vodka, El Encanto Rum, Tamiami Gin, and Red Drum Whiskey. The products are made using local produce from Florida and bottled and packaged in American glass. Florida Cane Distillery is owned by Lee Nelson and Pat O’Brien and raised over $290,000 since its founding. The proceeds of the current crowdfunding round, with a minimum target of $320,000 and a maximum target of $800,000, will be used for refinancing the existing high-interest debt, increasing sales staff, and locating and establishing a second distillery and tasting room. The products of Florida Cane Distillery nationally-recognized and sold in over 100 restaurants, liquor stores, amusement parks, and supermarkets.

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Investment Overview

Raised this Round: Raised: $196,821

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/16/2020
Close Date
03/20/2021
Min. Goal
$100,000
Max. Goal
$800,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Tampa, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Founder Name
Lee Nelson
Founder Name
Pat O'Brien

Financials

 Revenue +34% YoY
$446,372
 Monthly Burn
$6,948
 Runway
14.4 months
Gross Margin
69%
View Detailed Financials Expand

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$446,372

$333,575

COGS

$136,494

$88,827

Tax

$0

$0

 

 

Net Income

$-83,373

$-3,725

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$99,708

$10,643

Accounts Receivable

$0

$0

Total Assets

$128,133

$106,223

Short-Term Debt

$77,383

$110,644

Long-Term Debt

$168,539

$44,995

Total Liabilities

$245,922

$155,639
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/20/2021 Wefunder $10,000,000 $196,821 Convertible Note Funded RegCF
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Florida Cane Distillery on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,000,000

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