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Mountain West Cider

Operating

Mountain West Cider Company, Inc.

Healthcare · Salt Lake City, UT · Founded 2014

Mountain West Cider (MTN WST) is the first dedicated cidery in Utah, responsibly producing award-winning hard apple cider in the mountain west region. Using only the finest ingredients, MTN WST strives to craft the highest quality ciders, while maintaining the highest standards of production practices.

Post-money valuation
$6.6M
As of Oct 2021 · from Mountain West Cider Stock 1 · pre-money + amount raised, not a traded price
Total raised
$81,665
Across 1 round since 2021
Latest share price
$1.00
Mountain West Cider Stock 1 offering price

Financials

FY2018–FY2021 · from SEC filings · hover any figure for its source
$716K
−$215K
2018
$578K
−$146K
2019
$554K
−$146K
2020
$763K
$16K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
Income statement
Revenue
$715,740
$578,162
$554,101
$763,288
Cost of goods sold
$464,878
$314,650
$319,811
$427,094
Gross margin
35%
46%
42%
44%
Net income
-$215,416
-$145,637
-$145,551
$15,543
Taxes paid
$0
$0
$21,265
$12,661
Balance sheet
Cash
$17,185
$38,485
$38,485
$407,644
Accounts receivable
$25,912
$3,448
$0
$28,904
Total assets
$598,963
$581,805
$581,805
$943,869
Short-term debt
$223,379
$184,718
$193,906
$156,373
Long-term debt
$10,805
$206,079
$206,079
$572,250
Total liabilities
$234,184
$390,797
$399,985
$728,623
Other
Headcount
15
15

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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$6.6M
post-money
Mountain West Cider Stock 1

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Mountain West Cider Stock 1ClosedReg CF · Common Equity · via StartEngine
Raised $81.7K / $1.1MInvestors 152Post-money $6.6M

Team

4 people
Jeff CarletonFounder
CEO/Founder

After 35 years of senior executive experience and success in the financial services world, Jeff and his wife Jennifer opened Mountain West Hard Cider Co., in Salt Lake City, UT in 2015. Jeff’s passion for sourcing the finest local ingredients is reflected every day in Mountain West’s sessional and artisan award-winning hard apple ciders. Jeff’s dedication to the Utah community is demonstrated through the company’s participation in the state’s Utah’s Own program. Jeff’s experience in the financial services world combined with Mountain West’s award-winning ciders has resulted in the company experiencing significant growth since 2015. Jeff plans to expand Mountain West Hard Cider Co. into adjacent states while continuing to emphasize quality, growth, and service engagement.

Jeffrey C. Carleton
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Joel Goodwillie
Chief Cider Maker

Joel Goodwillie came to Mountain West with literal decades of experience under his belt and more importantly a talent for the science that is required to balance flavor and texture. Joel hasn't met a fruit that he can't ferment, his wealth of knowledge and skill are to credit for the creation of our principal lines of cider and all of the special editions that we release.

Larissa (Laci) Brown
Sales Director

Laci has run the sales for Mountain West Hard Cider from day one, and we have her to thank for the fact that our cider is in almost all of the state-run liquor stores, as well as establishments in every county in Utah. Laci's tireless work to represent our brand in every corner of the market possible has shown us that it truly does matter who you know, and lucky for us Laci has developed strong connections with a multitude of business owners and creators in the region. Her deep-reaching knowledge of the sales world coupled with her roots in the Salt Lake area goes hand in hand with our growth.

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

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 6 annual reports (FY2020–FY2025)

152 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-TRMar 1, 20230001665160-23-000321
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001494
    EDGAR
  • Form C-UMar 1, 20220001665160-22-000360
    EDGAR
  • Form C-UOct 18, 20210001665160-21-001823
    EDGAR
  • Form C/ASep 10, 20210001665160-21-001620
    EDGAR
  • Form C/AJul 23, 20210001665160-21-001305
    EDGAR
  • Form CMar 22, 20210001665160-21-000345
    EDGAR
Source: ManualCIK 0001822753DEShare price $1.00

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.