REJOY

REJOY

Early Stage

REJOY is a unique plant-based sports drink infused with CBD to ease body & mind

REJOY is a unique plant-based sports drink infused with CBD to ease body & mind

Overview

Raised to Date: Raised: $566,109

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/07/2021

Close Date

08/16/2021

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,400,000

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,995

# of Investors

303

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Key Biscayne, Florida

Business Type

Life Style

REJOY, with a $10 million valuation cap, is raising funds on Wefunder. The company makes a unique sports drink infused with CBD. The drink is entirely plant-based and helps in rehydration, pain relief, and reduction of inflammation. Martin Moresco, Diego Belbussi, Sebastian Sanchez, and Ronnie Schildknecht founded REJOY in 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $100,000 and a maximum target of $1,070,000, will be used for marketing, retail listing, POS activation, and working capital. REJOY is already available in over 75 stores in Miami and generated $75,000 in revenues year-to-date till November 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$66,914

$0

COGS

$60,291

$0

Tax

$0

$0

 

 

Net Income

$-180,520

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$179,373

$0

Accounts Receivable

$216

$0

Total Assets

$245,429

$0

Short-Term Debt

$31,837

$0

Long-Term Debt

$0

$0

Total Liabilities

$31,837

$0

Financials as of: 02/07/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
REJOY 04/29/2023 Wefunder $12,000,000 $69,860 Convertible Note Funded RegCF
REJOY 08/15/2021 Wefunder $8,000,000 $566,109 Convertible Note Funded RegCF
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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

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REJOY on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,000,000

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