James Bay Distillers
About this raise
James Bay Distillers, with a pre-money valuation of $2.6 million, is raising funds on Wefunder. The company distills and produces award-winning gins and whiskeys. It makes sipping spirits, including its Galloping Goose Canadian whiskey and Summer Gin, that do not require a mixer. Ernest Troth founded James Bay Distillers in 2014 and has raised over $750,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,040 and a maximum goal of $249,980, will be used towards production supplies, ingredients, bottling, labels, and marketing. James Bay Distillers is reporting rapid growth in sales, with year-to-year growth of over 200%.
Investment Overview
Invested : $70,755
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/16/2020
- Close Date
- 04/30/2021
$50,040
$249,980
$250
Equity - Common
Early Stage
RegCF
$50.00
$2,340,000
$2,600,000
Company & Team
Company
- Year Founded
- 2014
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +125% YoY
- $12,582
- Monthly Burn
- $30,229
-
Cash on Hand
- $49,478
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2021 | Wefunder | $2,600,000 | $70,755 | Equity - Common | Funded | RegCF |