Original Brands

Original Brands

Early Stage

All American domestic premium beer for the All American beer drinker

All American domestic premium beer for the All American beer drinker

Overview

Raised to Date: Raised: $105,750

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/23/2024

Close Date

08/30/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$200

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$20,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

99

% of Min. Goal

212%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,647

# of Investors

45

Momentum
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Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Location

Collierville, Tennessee

Business Type

Growth

Original Brands, with a valuation of $20 million, is raising funds on Wefunder. The company makes the all-American domestic premium beer for the all-American beer drinkers. Original Brands’ beer offerings include Original Glory and OG Light that are both ultra-light bodied, flavorful, crisp, and refreshing, with OG Light carrying lower carbs and calories than Original Glory. The company has won awards for its beer and reported a 560% revenue growth in 2023. Michael Sadler founded Original Brands in September 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, operational costs and production, production equipment, salaries, and hiring additional sales personnel.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$544,496

$96,762

COGS

$122,014

$44,017

Tax

$0

$0

 

 

Net Income

$-441,992

$-484,539

Summary Balance Sheet

FY 2023 FY 2022

Cash

$36,591

$3,148

Accounts Receivable

$1,229

$5,699

Total Assets

$2,591,197

$2,754,995

Short-Term Debt

$576,485

$188,593

Long-Term Debt

$2,435,522

$2,940,721

Total Liabilities

$3,012,007

$3,129,314

Financials as of: 04/23/2024
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Original Brands on Wefunder 2024
Platform: Wefunder
Security Type: Convertible Note
Valuation: $20,000,000

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