Data / Crowdfunding / North Carolina / Mystic Farm & Distillery, Inc.
Mystic Farm & Distillery, Inc.: crowdfunding raise on StartEngine Capital, LLC, $15,000 to $1,235,000 (2024)
Mystic Farm & Distillery, Inc., a corporation in Durham, NC, filed a Form C with the SEC on March 6, 2024 to raise $15,000 to $1,235,000 in Class B Non-Voting Common Stock through StartEngine Capital, LLC. The offering closed on April 17, 2024. In its most recent fiscal year it reported $1,442,729 in revenue and a net loss of $618,509, with 6 employees.
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- Website
- www.whatismystic.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1212 N Mineral Springs Rd, Durham, NC 27703
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 11, 2013
- SEC CIK
- 0001996038
Offering terms
From the amendment filed March 6, 2024.
- Security
- Class B Non-Voting Common Stock
- Price
- $1.00
- Target
- $15,000
- Maximum
- $1,235,000
- Deadline
- April 17, 2024
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed April 10, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,442,729 | $1,202,063 | sec.gov |
| Cost of goods sold | $672,870 | $388,572 | sec.gov |
| Net income | $-618,509 | $83,017 | sec.gov |
| Taxes paid | $197,529 | $154,900 | sec.gov |
| Total assets | $632,300 | $324,039 | sec.gov |
| Cash | $319,879 | $269,372 | sec.gov |
| Accounts receivable | $131,720 | $23,356 | sec.gov |
| Short-term debt | $97,716 | $96,955 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 10, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 8, 2024 | Progress update | $15,000 | $1,235,000 | April 17, 2024 | At the close of the offering, the issuer closed on $1,232,985.34 and 1,311,355 number of securities. | sec.gov |
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| March 6, 2024 | Amendment | $15,000 | $1,235,000 | April 17, 2024 | Issuer is extending their campaign end date to April 17h, 2024. | sec.gov |
| January 10, 2024 | Amendment | $15,000 | $1,235,000 | March 18, 2024 | Issuer is extending their end date to March 18th, 2024. | sec.gov |
| October 16, 2023 | Offering | $15,000 | $1,235,000 | January 14, 2024 | sec.gov |
Updated April 10, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.