Highline Wellness

Growth Stage

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

Overview

Raised to Date: Raised: $60,050

Total Commitments ($USD)

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

Series

Seed

Funding Type

RegCF

Valuation Cap

$12,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

120%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,623

# of Investors

47

Momentum
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Location

New York, New York

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

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

Most Recent Year Prior Year

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

Most Recent Year Prior Year

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: 12/27/2022
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Highline Wellness on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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