Highline Wellness

Highline Wellness

Closed: Apr. 2023

About this raise

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.

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Investment Overview

Invested this round:
$60,300 - RegCF
$1,710,300 - Total

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/27/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$12,000,000

Discount

0%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Chris Roth
Title
CEO
Founder Name
Brendan Rogers
Title
COO

Financials

 Revenue +17% YoY
$4,533,245
as of FY2021
 Monthly Burn
$211,551
as of FY2021
 Runway
1.8 months
as of FY2021
 Gross Margin
59%
as of FY2021

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,095,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $12,000,000 $1,710,300 SAFE Funded RegCF / RegD 506(c)
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Add to portfolio
Highline Wellness on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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Follow Highline Wellness on Wefunder 2022

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

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