Highline Wellness
Growth Stage
High quality, direct-to-consumer CBD supplements for everyday problems
Overview
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
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
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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