The Block Distilling Co.

The Block Distilling Co.

Growth Stage

A craft distillery making #everydamndrop in house.

A craft distillery making #everydamndrop in house.

Overview

Raised to Date: Raised: $4,442

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/03/2024

Close Date

04/30/2024

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

$100

Security Type

Equity - Preferred

Series

Series B

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

04/28/2024

Days Remaining

1

% of Min. Goal

4%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$178

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Denver, Colorado

Business Type

Growth

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

$1,133,974

$1,077,525

COGS

$275,734

$297,334

Tax

$5,056

$7,095

 

 

Net Income

$-775,344

$-717,436

Summary Balance Sheet

FY 2023 FY 2022

Cash

$173,376

$33,291

Accounts Receivable

$23,532

$19,923

Total Assets

$4,685,903

$4,790,449

Short-Term Debt

$1,605,684

$1,557,157

Long-Term Debt

$2,914,411

$2,945,316

Total Liabilities

$4,520,095

$4,502,473

Financials as of: 04/03/2024
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The Block Distilling Co. 04/29/2024 Wefunder $10,205,666 $4,442 Equity - Preferred Active RegCF
The Block Distilling Co. 03/30/2022 Wefunder $7,340,000 $685,263 Equity - Preferred Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
The Block Distilling Co. on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,205,666
Price per Share: $2.72

Follow company

Follow The Block Distilling Co. on Wefunder 2024

Buy The Block Distilling Co.'s Deal Report

The Block Distilling Co. Deal Report

Get KingsCrowd’s comprehensive report on The Block Distilling Co. including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether The Block Distilling Co. is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the The Block Distilling Co. deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge