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BUD LOVE

Operating

New Growth Brands, Inc.

Alcohol · Founded 2022

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Leading the cannabis mixer revolution

Valuation cap ⓘ
$12.0M
As of Jan 2024 · from Reg CF Offering (2022) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,851,928
Across 1 round since 2022

Financials

FY2020–FY2024 (no data for FY2022) · from SEC filings · hover any figure for its source
$0
2020
$0
−$398K
2021
2022no data
$346K
−$1.8M
2023
$621K
−$735K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$0
$0
$345,804
$620,825
Cost of goods sold
$0
$0
$157,839
$15,846
Gross margin
—
—
54%
97%
Net income
$0
-$397,710
-$1,793,113
-$734,619
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$363,544
$278,869
Accounts receivable
$0
$0
$0
$27,895
Total assets
$0
$82,019
$394,300
$348,618
Short-term debt
$0
$479,342
$247,505
$885,286
Long-term debt
$0
$0
$231,871
$272,185
Total liabilities
$0
$479,342
$479,376
$1,157,472
Other
Headcount
—
6
—
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$12.0M
Valuation cap
Reg CF · Note · Oct 2022

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Oct 2022Closedvia WeFunder
Raised $1.9M / $1.2MInvestors 217Valuation cap $12M

Team

4 people
Roy Lipski
CEO
Alastair James
Chief Operating Officer
Daniel Hawksley
Chief Financial Officer
Shuchi Sarkar
Chief Marketing Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

217 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRMay 20, 20260001947789-26-000001
    EDGAR
  • Form C-ARApr 17, 20250001670254-25-000376
    EDGAR
  • Form C/AApr 27, 20230001670254-23-000436
    EDGAR
  • Form C/AApr 17, 20230001670254-23-000356
    EDGAR
  • Form COct 28, 20220001670254-22-001129
    EDGAR
Source: ManualCIK 0001947789

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.