The Block Distilling Co.

The Block Distilling Co.

Closed: Mar. 2022

About this raise

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.

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Investment Overview

Invested this round: $685,263

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/17/2021
Close Date
03/31/2022
Min. Goal
$250,000
Max Goal
$1,069,999
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.72

Pre-Money Valuation

$7,340,000

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Denver, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Michelle Weaver
Title
Manager
Founder Name
Kameron Weaver
Title
CEO and Head Distiller

Financials

 Revenue -36.4% YoY
$568,476
 Monthly Burn
$23,226
 Runway
3.3 months
Gross Margin
75%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $10,205,666 $28,893 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
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,340,000
Price per Share: $2.72

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