Passion Tree

Early Stage

The People’s Seltzer

Analytics

Raised to Date: Raised: $73,906

Aggregate Commitments $

Platform

StartEngine

Start Date

11/01/2021

Close Date

04/26/2022

Min. Goal

$9,999

Max. Goal

$1,069,995

Min. Investment

$246

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$29,483,535

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

149

% of Min. Goal

739%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,737

Momentum
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Location

Minneapolis, Minnesota

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

Passion Tree, with a valuation of $29.5 million, is raising funds on StartEngine. The company crafts high-quality hard seltzer with superior flavors. The hard seltzer of Passion Tree is the highest-rated, contains 5.5% alcohol, and comes in exotic fruit flavors. Passion Tree has a triple-digit growth rate and has signed deals with Caribbean partners to launch in Puerto Rico this year. Jacob Ryder, Garrett Olsen, and Andrew Kuklock founded Passion Tree in January 2020. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,995. The campaign proceeds will be used for global expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-32,544

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$218,867

$0

Accounts Receivable

$0

$0

Total Assets

$362,684

$0

Short-Term Debt

$8,540

$0

Long-Term Debt

$0

$0

Total Liabilities

$8,540

$0

Financials as of: 11/01/2021
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Passion Tree on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $29,483,535

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