Mexigin on StartEngine 2022 – KingsCrowd

0
15

[ad_1]

Security Type

Equity – Common

Pre-Money Valuation

$9,000,000

Reporting Date

06/24/2022

Likelihood of Max

Momentum

cold.svg

Create a free account today to gain access to KingsCrowd analytics.

Location

Red Bank, New Jersey

Industry

Alcohol, Tobacco, & Recreational Drugs

Mexigin, with a valuation of $10.8 million, is raising funds on StartEngine. The company makes small-batch and handcrafted spirits with tastes from Latin America and Mexico. The spirit combines citrus notes with a variety of spices to create elevated heat on the back end. Mexigin is already successful in New York, New Jersey, and Florida and is poised to forge partnerships with new companies and brands for expansion and growth. Corrine Delaney and Justin Huddy founded Mexigin in August 2019. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $999,999. The campaign proceeds will be used for hiring, distribution expansion, business development, marketing, and public relations.

Summary Profit and Loss Statement

Revenue

$14,064

$1,547

COGS

$4,575

$514

Tax

$0

$0

 

 

Net Income

$-7,300

$-517

Summary Balance Sheet

Cash

$3,630

$795

Accounts Receivable

$696

$660

Total Assets

$92,183

$91,817

Short-Term Debt

$0

$0

Long-Term Debt

$100,000

$92,334

Total Liabilities

$100,000

$92,334

Financials as of: 06/24/2022

Create a free account today to gain access to KingsCrowd analytics.



[ad_2]