REJOY

Early Stage

REJOY is a unique plant-based sports drink infused with CBD to ease body & mind

Analytics

Raised to Date: Raised: $67,810

Aggregate Commitments $

Platform

Wefunder

Start Date

10/26/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

11/28/2022

Days Remaining

153

% of Min. Goal

136%

% of Max. Goal

14%

Likelihood of Max
possible
Avg. Daily Raise

$2,055

# of Investors

27

Momentum
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Location

Key Biscayne, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

REJOY, with a valuation of $12 million, is raising funds on Wefunder. The company makes a unique sports drink infused with CBD for super hydration and recovery. The drink is entirely plant-based and helps in rehydration, pain relief, and reduction of inflammation. REJOY is already available in over 100 stores in Miami and generated over $100,000 in sales, and has signed distribution agreements with large distributors of natural and organic food. Martin Moresco, Diego Belbussi, Sebastian Sanchez, and Ronnie Schildknecht founded REJOY in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for the initial production batch, Amazon positioning, POS activation, marketing, working capital, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$111,063

$74,470

COGS

$91,083

$62,528

Tax

$0

$0

 

 

Net Income

$-403,706

$-266,423

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$356,339

$158,878

Accounts Receivable

$9,431

$4,990

Total Assets

$456,078

$200,099

Short-Term Debt

$22,303

$28,520

Long-Term Debt

$665,902

$0

Total Liabilities

$688,205

$28,520

Financials as of: 10/26/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
REJOY 04/30/2023 Wefunder $12,000,000 $67,810 Convertible Note Active RegCF
REJOY 08/16/2021 Wefunder $8,000,000 $566,109 Convertible Note Funded RegCF
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REJOY on Wefunder 2022
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $12,000,000
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