Native American Natural Foods

Native American Natural Foods

Early Stage

Buffalo based meat and fruit bars based on the Wasna tradition of the Lakota

Buffalo based meat and fruit bars based on the Wasna tradition of the Lakota

Overview

Raised this Round: Raised: $123,152

Platform

Wefunder

Start Date

06/26/2017

Close Date

12/23/2017

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

0%

Year Founded

2006

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Kyle, South Dakota

Native American Natural Foods, with a valuation of $8 million, is raising funds on Wefunder. The company makes buffalo-based meat and fruit bars based on the Wasna tradition of the Lakota. Native American Natural Foods’ Tanka bars are built on ancestral knowledge for endurance, health, and top performance. The business sells its products through Costco, REI, Whole Foods, and over 6,500 locations in 50 states and generated $3.5 million in revenue in 2016. Mark Tilsen and Karlene Hunter founded Native American Natural Foods in September 2006. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.07 million. The campaign proceeds will be used for the expansion of the product line, recruitment of a new CEO, inventory, marketing, and packaging.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$3,502,447

$4,685,512

COGS

$2,803,662

$2,830,201

Tax

$0

$0

 

 

Net Income

$-1,178,113

$347,613

Summary Balance Sheet

FY 2016 FY 2015

Cash

$201,733

$169,769

Accounts Receivable

$402,834

$537,908

Total Assets

$1,881,418

$2,335,583

Short-Term Debt

$337,621

$536,323

Long-Term Debt

$2,325,302

$1,336,080

Total Liabilities

$2,662,923

$1,872,403

Financials as of: 06/26/2017
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Native American Natural Foods on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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