The Block Distilling Co. (2025)

The Block Distilling Co. (2025)

Open  for investment

About this raise

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.

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Investment Overview

Committed this round: $33,900

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
04/04/2024
Close Date
04/30/2025
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Kraig Weaver
Title
Owner, Manager, Head Distiller
Founder Name
Michelle Weaver
Title
Manager
Founder Name
Kameron Weaver
Title
CEO and Head Distiller

Financials

as of Fiscal Year 2023
 Revenue +13% YoY
$1,077,525
 Monthly Burn
$42,000
 Runway
5.4 months
Gross Margin
76%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,847,712
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $10,205,666 $33,900 Equity - Preferred Active RegCF
03/31/2022 Wefunder $7,340,000 $685,263 Equity - Preferred Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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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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