The Block Distilling Co.

Early Stage

A craft distillery making #everydamndrop in house.

Analytics

Raised to Date: Raised: $545,854

Aggregate Commitments $

Platform

Wefunder

Start Date

02/17/2021

Close Date

04/01/2022

Min. Goal

$250,000

Max. Goal

$1,069,999

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$7,340,000

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

195

% of Min. Goal

218%

% of Max. Goal

51%

Likelihood of Max
likely
Avg. Daily Raise

$2,563

Momentum
cold
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Denver, Colorado

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

The Block Distilling Co., with a pre-money valuation of $7.34 million, is raising crowdfunding on Wefunder. It is a craft distillery that makes small-batch spirits from start to finish in-house. Some of the products of The Block Distilling Co. include Four Grain Straight Whiskey, Summer Gin, Spring Gin, and Autumn Gin. Kraig Weaver, Michelle Weaver, and Cameron Weaver founded The Block Distilling Co. in 2015 and raised $1.5 million since the inception. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,069,999, will be used to fund expansion construction and hire an additional distillery assistant. The Block Distilling Co. has sold 120,000 drinks and 8,000 bottles and generated $1.85 million in lifetime sales since opening.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$568,476

$416,713

COGS

$144,482

$107,350

Tax

$8,727

$2,711

 

 

Net Income

$-278,707

$-217,535

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$76,566

$13,979

Accounts Receivable

$4,932

$8,993

Total Assets

$1,661,950

$1,331,564

Short-Term Debt

$823,921

$328,561

Long-Term Debt

$811,006

$852,639

Total Liabilities

$1,634,927

$1,181,200

Financials as of: 02/17/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Other Deals

Covira Surgical on StartEngine 2021

The biotech company is focused on novel therapeutic alternatives to reduce post-surgical infections. The procedures of Covira Surgical leverage the…

Valuation: $9,987,500
Min Investment: $250
Industry: Healthcare & Pharmaceuticals
Raised $185,557 of $1,070,000 max
RegCF

Oscilla Power on StartEngine 2021

The Triton, the company‚Äôs flagship wave energy converter, has undergone years of concept development, product validation, and laboratory and small-scale…

Valuation: $20,021,965
Min Investment: $148
Industry: Energy, Power, & Natural Resources
Raised $129,792 of $2,999,995 max
RegCF

Cybolt on Republic 2021

It specializes in delivering technology solutions and services for managing digital risks through information protection, public safety, resilience management, and…

Valuation: $140,000,000
Min Investment: $263
Industry: Security, Cybersecurity, & Defense
Raised $2,211,013 of $5,000,000 max
RegCF

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add The Block Distilling Co. on Wefunder

Follow company

Follow The Block Distilling Co. on Wefunder