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Security Type
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Equity
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Categories
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Entertainment, Technology, Alcohol, Travel, Hospitality
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Min Investment
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$100
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Offering Date
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March 02, 2020
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Expected Close Date
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April 30, 2022
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Target Raise
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$83.07K-$5.00M
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No. Investors
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2
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Security Price
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$2.40
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Deal Notes
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Security Type: Common Stock
$1.22 per share
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Valuation
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$20,000,000
- Number of Employees
- 51
- Cash
- $100,200
- Revenue
- $849,495
- Short Term Debt
- $1,559,899
- Cost of Goods
- $187,690
- Long Term Debt
- $1,537,169
- Net Income
- $-2,429,466
Company Description
Lost Spirits is a world renowned distillery that also houses an elaborate tour business and fine dining experience. We sell tickets to visit the distillery. We sell tickets to the restaurant experience. And of course, we sell bottles of award winning whisky and rum both to tour guests and wholesale.
Perks
$500+ for SHAREHOLDER PRIVILEGES - Invitation for you +1 to attend the annual shareholder soiree. - Opportunity to purchase shareholder only tours, tastings, and dinners (Includes in depth science tours, unicorn bottle tastings, and rare wine and spirits paring dinners). - Shareholder only bottlings. A few times every year, the lab at Lost Spirits produces something wonderful that is just for us. As a shareholder you will have a chance to purchase some of those bottles (limit 12 per shareholder per year). - First opportunity to buy tickets to new Lost Spirits projects.
$25,000+ RARE WHISKY AND RUM TASTING - Invitation for you and a guest to a rare whisky and rum tasting lead by company co-founder and master distiller Bryan Davis. Includes tastings of 30, 40, and 50 year old unicorn bottles from Davis' personal collection.
$75,000+ DINNER WITH THE FOUNDERS - Dinner for you and a guest at Fish or Flesh with Lost Spirits Co-Founders Bryan Davis and Joanne Haruta.
Key Deal Facts
Tracking $4.5 million in revenue from the Los Angeles distillery. *based on 60 days trailing revenue from Feb 25th 2020.
1200% growth over the past 3 years. *based on current tracking revenue over 2017 revenue.
Millions in funding to build a new Las Vegas expansion in 2020/2021. *Signed letter of intent with a major developer.
2019 World's Best Distillery Experience - Drinks International UK.
2019 World Whisky of the Year - Dominic Roskrow (Wizards of Whisky UK).
2019 Liquid Gold Award - Jim Murray's Whisky Bible.
A global leader and early mover in the "Experience Economy."
Plans to go public within 24-36 months. *Subject to change. Please see the risks and covenants.
Use of Proceeds
If $50,000 is raised:
93% towards increasing wholesale inventory so we can fill our back orders. 7% towards Wefunder fees.
If $1,070,000 is raised:
23% towards increasing wholesale inventory so we can fill our back orders. 50% will be used to expand the tour in LA and 20% will be used to pursue a new lost Spirits Distillery in Las Vegas. The funds raised here we be accompanied by millions in existing revenue streams. As well as 7% Wefunder fees.
Management Team / Advisory Board Bios
Bryan Davis
Co-Founder & CEO - Board Director
As CEO, Davis carried the company from $383,000 in revenue in 2017 to tracking $4,500,000 in 2020. Davis is also the named inventor on the company's key chemical engineering patents in the USA, Japan, China, & Australia.
Joanne Haruta
Co-Founder & CMO - Board Director
Degree from UC Berkeley, Haas School of Business. Experience includes Morgan Stanley prior to co-founding two distilleries. Featured in Smithsonian Mag, Forbes, Whisky Magazine, Wine Enthusiast, 3x winner of Best Distillery Experience, 2019.
Wynn Sanders
COO - Board Director
Former Lt. Colonel in the United States Air Force and ScD in Materials Science and Engineering, MIT. Published one patent and multiple scientific papers with over 1,600 citations. Serial Investor.
Deal Notes
Security Type: Common Stock
$1.22 per share