The 3rd BevCo (The3rdBevco)
The Red Bull of Non-Alcoholic Beverage Brands
Overview
Raised: $87,300
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
351
% of Min. Goal
8,730%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$5,820
# of Investors
114
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
The3rdBevco is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. It is a beverage company that intends to offer a diverse portfolio of beverages, including energy drinks, CBD-infused drinks, and non-alcoholic spirits. The flagship beverages of The3rdBevco include Bougie, ProsecGo, LAID, Chill’d, and Psilli. The3rdBevco is led by an experienced team and is bringing a variety of functional beverages to the expanding beverages industry. Peter Scalise III and Kito Mussa founded The3rdBevco in 2019. The current crowdfunding campaign has a maximum target of $50 million. The campaign proceeds will be used for marketing and promotion, working capital, production facility and warehouse, operating expenses, research and development, and other expenses.
Balance Sheet
Cash and Cash Equivalents |
$60,477 |
Property, Plant and Equipment (PP&E) |
$56,043 |
Total Assets |
$122,120 |
Accounts Payable & Accrued Liabilities |
$1,523,898 |
Long Term Debt |
$46,614 |
Total Liabilities |
$1,570,512 |
Total Stockholders' Equity |
$-1,448,392 |
Total Liabilities and Equity |
$122,120 |
Statement of Comprehensive Income Information
Costs & Expenses Applicable to Rev |
$496,059 |
Depreciation and Amortization |
$5,095 |
Net Income |
$605,030 |
Earnings Per Share - Basic |
$-0.03 |
Earnings Per Share - Diluted |
$-0.03 |
Auditor: BF Borgers CPA PC
Financials as of: 03/08/2023
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