James Bay Distillers

James Bay Distillers

Early Stage

We distill and produce world class gold-medal award winning whiskies and gins

We distill and produce world class gold-medal award winning whiskies and gins

Overview

Raised to Date: Raised: $70,755

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/15/2020

Close Date

04/30/2021

Min. Goal
$50,040
Max. Goal
$249,980
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$50.00

Early Bird Valuation

$2,340,000

Pre-Money Valuation

$2,600,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$524

# of Investors

64

Momentum
Funded
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Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Everett, Washington

Business Type

Life Style

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%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$12,582

$0

COGS

$37,706

$0

Tax

$0

$0

 

 

Net Income

$-362,748

$-157,041

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$49,478

$210,315

Accounts Receivable

$0

$0

Total Assets

$83,316

$364,851

Short-Term Debt

$0

$12,513

Long-Term Debt

$0

$0

Total Liabilities

$0

$12,513

Financials as of: 12/15/2020
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James Bay Distillers on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $2,600,000
Price per Share: $50.00

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