Highline Wellness

Highline Wellness

Growth Stage

High quality, direct-to-consumer CBD supplements for everyday problems

High quality, direct-to-consumer CBD supplements for everyday problems

Overview

Raised this Round:
$60,300 - RegCF
$1,710,300 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/26/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$12,000,000

Discount

0%

Year Founded

2018

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Highline Wellness, with a valuation of $12 million, is raising funds on Wefunder. The company makes and sells high-quality CBD supplements for everyday problems. The products of Highline Wellness are 100% natural and free of chemicals and help improve sleep, relieve anxiety, reduce inflammation, and provide mental clarity to the users. Highline Wellness has generated $15.5 million in lifetime revenues and increased sales by three times from 2019 to 2021. Christopher Roth and Brendan Rogers founded Highline Wellness in October 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, SEO optimization, and R&D.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$4,533,245

$3,877,824

COGS

$1,845,872

$1,352,657

Tax

$0

$0

 

 

Net Income

$-2,538,612

$-411,374

Summary Balance Sheet

FY 2021 FY 2020

Cash

$375,344

$319,189

Accounts Receivable

$6,177

$29,844

Total Assets

$1,469,530

$1,406,975

Short-Term Debt

$1,634,641

$586,690

Long-Term Debt

$141,228

$176,733

Total Liabilities

$1,775,869

$763,423

Financials as of: 12/26/2022
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Highline Wellness on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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