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MYSTIC FARM AND DISTILLERY

Operating

Mystic Farm & Distillery, Inc.

Alcohol · Cocktails · Durham, NC · Founded 2013

World-class spirits producer with solid financials

Post-money valuation
$21.2M
As of Apr 2024 · from Mystic Farm and Distilleryy Common Stock 1 · pre-money + amount raised, not a traded price
Total raised
$1,232,985
Across 1 round since 2023
Latest share price
$1.00
Mystic Farm and Distilleryy Common Stock 1 offering price

Financials

FY2021–FY2024 · from SEC filings · hover any figure for its source
$1.1M
$271K
2021
$1.2M
$49K
2022
$1.2M
$83K
2023
$1.4M
−$619K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021
FY2022
FY2023
FY2024
Income statement
Revenue
$1,106,590
$1,200,277
$1,202,063
$1,442,729
Cost of goods sold
$261,820
$295,223
$388,572
$672,870
Gross margin
76%
75%
68%
53%
Net income
$270,845
$48,512
$83,017
-$618,509
Taxes paid
$0
$134,379
$154,900
$197,529
Balance sheet
Cash
$98,367
$37,879
$269,372
$319,879
Accounts receivable
$6,059
$16,743
$23,356
$131,720
Total assets
$319,750
$71,992
$324,039
$632,300
Short-term debt
$91,772
$83,407
$96,955
$97,716
Long-term debt
$0
$0
$0
$0
Total liabilities
$91,772
$83,407
$96,955
$97,716
Other
Headcount
6
6
6

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
$21.2M
post-money
Mystic Farm and Distilleryy Common 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

Mystic Farm and Distilleryy Common Stock 1ClosedReg CF · Common Equity · via StartEngine
Raised $1.2M / $1.2MInvestors 582Post-money $21.2M

Team

4 people
Jonathan BlitzFounder
Co-Founder, CEO, Board Member, Principal Accounting Officer

As one of the founders of Mystic, Jonathan has used his experiences in technology startups, law, and industrial equipment to help build the world's top craft bourbon distillery. Jonathan is a cum laude graduate of St. Louis University Law School, was appointed to a term clerkship by a Senior United States District Judge, and has represented a diverse range of clients and organizations as a civil and criminal litigator.

Michael SinclairFounder
Co-Founder, Board Member, President

Michael has over 20 years of beer brewing experience as well as 8 years of project management and control system integration for major electric utilities as well as 10 years of software engineering work around control systems and smart grid applications. He holds degrees in software engineering and American history.

Katie Sinclair
Master Blender, Board Member (Part-Time)

Katie Sinclair is a double gold-medal award winning master blender at Mystic Farm & Distillery. Her passion is product and cocktail development. In addition, she enjoys developing customer educational experiences and offering heaps of Southern hospitality at the Farm. Katie also has a background in higher education and teaches Spanish for Professionals at a local university. Katier spends 20 hours per week working for Mystic.

Marla Tuchinsky
Board Member (Part-Time)

Dr. Marla Tuchinsky is a business consultant, part-time professor, leadership coach and writer. She works with clients across industries, with particular expertise in the Health Care/Pharma sector. Marla has worked in more than 25 countries on 6 continents advising and training leaders in industries as diverse as alcoholic beverages, mining, government and finance. Marla has a Ph.D from Duke University and undergraduate and graduate degrees from Stanford. She has held faculty positions at Duke and INSEAD in addition to her experience in private industry. Marla spends 4 hours per week at Mystic.

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

Reg CF annual-report compliance

Delinquent

Filed 2 of 3 annual reports (FY2023–FY2025)

Missing: 2025

582 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-ARApr 10, 20250001665160-25-000593
    EDGAR
  • Form C-UMay 8, 20240001665160-24-000807
    EDGAR
  • Form C-ARApr 29, 20240001665160-24-000634
    EDGAR
  • Form C/AMar 6, 20240001665160-24-000167
    EDGAR
  • Form C/AJan 10, 20240001665160-24-000014
    EDGAR
  • Form COct 16, 20230001665160-23-001850
    EDGAR
Source: ManualCIK 0001996038DEShare 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.