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Bushwacker Spirits

Operating

Coastal Brands, Inc.

Food & Beverage · Sarasota, FL

Bushwacker Spirits brings iconic coastal cocktails to consumers in a convenient ready-to-drink format, anchored by the popular "Bushwacker" cocktail. Since launching, we have expanded to 17 states, working with over 30 distributors, and earned prestigious awards, to which we believe has cemented our place in the growing RTD cocktail space.

Post-money valuation ⓘ
$14.7M
As of Mar 2025 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$193,566
Across 1 round since 2024
Latest share price
$2.00
Reg CF · Common Stock · Dec 2024 offering price

Financials

FY2022–FY2023 · from SEC filings · hover any figure for its source
$1.4M
−$1.8M
2022
$1.5M
−$1.9M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
Income statement
Revenue
$1,444,994
$1,477,451
Cost of goods sold
$956,914
$1,163,067
Gross margin
34%
21%
Net income
-$1,763,106
-$1,927,290
Taxes paid
$0
$0
Balance sheet
Cash
$26,164
$18,869
Accounts receivable
$0
$0
Total assets
$1,074,695
$817,579
Short-term debt
$0
$0
Long-term debt
$1,074,695
$817,579
Total liabilities
$1,074,695
$817,579
Other
Headcount
—
4

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

Pre-money — the valuation set before each round’s money came in
$14.5M
pre-money
Reg CF · Common · Dec 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $193.6K / $1.2MInvestors 293Post-money $14.7M

Team

7 people
Michael SmithFounder
CEO, Board Member & Co-Founder

An accomplished start-up CEO with more than 20 years of experience in marketing and product development.

Carter Echols
CFO, Board Member & Co-Founder

A successful entrepreneur and executive with more than 20 years of experience in the CPG and Retail Food & Beverage industries.

Michael Dwaine Smith Jr
Board Member and CEO
Carter Shelton Echols
Board Member, Chief Financial Officer, Director
Will Sanders
Head of Marketing

A dynamic marketing professional with extensive experience in the spirits industry, previously leading projects at both Brown-Forman and Sazerac.

Eric Dandridge Daigle
Director of Operations
Eric Daigle
Operations Director

A US Marine Corps veteran with more than 20 years of experience in operations and logistics.

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

Reg CF annual-report compliance

Delinquent

Filed 0 of 2 annual reports (FY2024–FY2025)

Missing: 2024, 2025

293 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-UApr 1, 20250001665160-25-000507
    EDGAR
  • Form C/ADec 27, 20240001665160-24-001908
    EDGAR
  • Form C-UDec 26, 20240001665160-24-001890
    EDGAR
  • Form C-UDec 17, 20240001665160-24-001844
    EDGAR
  • Form C/ADec 11, 20240001665160-24-001785
    EDGAR
  • Form CDec 10, 20240001665160-24-001783
    EDGAR
Source: SEC EDGARCIK 0002047825DEShare price $2.00Last synced Aug 17, 2026

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.