Cleveland Whiskey is a boutique distillery that uses technology to create craft Bourbon whiskey. The company seeks to minimize the amount of time it takes to age Bourbon – typically 6 years and up – to just a few days. Cleveland Whiskey matches the aging process by accelerating the pressure / temperature process to “draw flavor out of wood.” According to information published by Cleveland Whiskey, in a blind taste test of 3600 individuals, 54% of tasters preferred their whiskey over well established brand Knob Creek.
Cleveland Whiskey is one of the first Reg CF investment crowdfunding offers to list following the launch date on May 16th. Most likely the investors will be dedicated consumers or individuals interested in the unique whiskey making process.
So why did Cleveland Whiskey go from Reg D to Reg CF? According to a recent release, it was all about small investors and their customers. The people that are buying their whiskey.
The crowdfunding page on WeFunder is admirably complete. Lots of detailed information showing past results and future expectations. Cleveland Whiskey has raised a total of $2.23 million from 78 investors already. The new funding will be used to grow the business, expand distribution and hopefully become a major player in the $25 billion whiskey market one day.
As an early stage investment purchasing shares in Cleveland Whiskey is a risky bet. A liquidity event is targeted for a three to five year term – most likely via an acquisition. Stratifund rates Cleveland Whiskey 3.5 stars – so that is pretty solid.
Watch the video below as founder Tom Lix explains the Cleveland Whisky process.
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