The Block Distilling Co.

The Block Distilling Co.

Early Stage

A craft distillery making #everydamndrop in house.

A craft distillery making #everydamndrop in house.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/03/2024

Close Date

04/29/2024

Min. Goal
$100,003
Max. Goal
$617,999
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.72

Pre-Money Valuation

$10,205,666

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/18/2024

Days Remaining

10

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Denver, Colorado

The Block Distilling Co., with a valuation of $10.2 million, is raising funds on Wefunder. It is a distillery based in Denver, Colorado, that makes every drop of spirits in-house. The Block Distilling Co. takes raw ingredients and uses industrial equipment, chemistry, and culinary methods to craft artful spirits. The distillery has generated $5.2 million in sales since opening and reported double digits growth in five out of six years. Kraig Weaver, Michelle Weaver, and Kameron Weaver founded The Block Distilling Co. in August 2015. The current crowdfunding campaign has a minimum target of $100,002.59 and a maximum target of $617,998.92. The campaign proceeds will be used for the expansion of wholesale markets, expansion construction, working capital, debt reduction, and an additional distillery assistant.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,077,525

$950,784

COGS

$297,334

$230,084

Tax

$7,095

$5,072

 

 

Net Income

$-717,436

$-543,196

Summary Balance Sheet

FY 2023 FY 2022

Cash

$33,291

$39,655

Accounts Receivable

$19,923

$16,589

Total Assets

$4,790,449

$1,924,756

Short-Term Debt

$1,557,157

$1,087,523

Long-Term Debt

$2,945,316

$427,996

Total Liabilities

$4,502,473

$1,515,519

Financials as of: 04/03/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The Block Distilling Co. 04/28/2024 Wefunder $10,205,666 $0 Equity - Preferred Active RegCF
The Block Distilling Co. 03/30/2022 Wefunder $7,340,000 $685,263 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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The Block Distilling Co. on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,205,666
Price per Share: $2.72

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