Canvino

We craft award-winning, bottle-quality wine, and put it can-venient cans

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Form C
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Security Type
Crowd SAFE
Categories
Alcohol, Retail, Sustainability
Min Investment
$100
Location
WILMINGTON, DE
Offering Date
November 30, 2021
Expected Close Date
April 30, 2022
Target Raise
$25.00K-$1.07M
No. Investors
204
Security Price
$1
Website
drinkcanvino.com
Number of Employees
0
Cash
$117
Revenue
$3,584
Short Term Debt
$139,857
Cost of Goods
$3,447
Long Term Debt
$681,653
Net Income
$-64,418

Company Description

"Canned wine isn't as good as bottled wine" – until now

We put bottle-quality wine in a can, because we believe consumers deserve great wine no matter what the vessel is. Oh, also, canned wine up until now has been... not tasty. Cans are infinitely recyclable, cheaper to ship, safer to enjoy poolside, at a festival, on a plane or boat, and convenient enough to throw into your beach- or hand-bag. Craft beer elevated the can years ago. It's wine's turn. And we're not even charging a premium for it.

Key Deal Facts

Sustainably-made by our award-winning female Head Winemaker in California
Sommelier-approved, but only $6/can RRP (1 can =half a bottle of wine)
Chris Carrabba (Dashboard Confessional) is partner, investor + ambassador
Direct sales & distribution in 38 states with Park Street, Shopify, & more
Featured on Kelly Slater's "The Ultimate Surfer" for seasons 1, 2 and 3
Led by an executive team with previous successful exits
2022 projections: $1.6M sales, $685K gross profit, $230K EBITDA
Amount Raised : $71,681
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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