GET A PIECE OF MYSTIC FARM AND DISTILLERY
A World-Class Spirits Producer with Solid Financials
Mystic Farm & Distillery, Inc. ("Mystic" or "Mystic Farm & Distillery") is ten years old and has been profitable for the following three fiscal years (2020-2022). Mystic has been producing world-class bourbon and other spirits from grain to glass.
$367,206.83 Raised
REASONS TO INVEST
Our debt-free, founder-owned business had over $1.2M in revenue in 2022, and has been profitable for the past three years as we’ve reinvested profits to support future growth.
Our bourbon was named 2023’s Best Small Batch Bourbon Up to 5 Years at the 2023 San Francisco World Spirits Competition beating 93 other medalists in our category.
The global craft spirits market is projected to grow at a CAGR of 29.2% from 2023 to 2030, potentially presenting opportunities for years to come. Capital raised will fund additional bourbon production.
the pitch
From Local Ingredients to World-Class Spirits
At Mystic Farm and Distillery we grow the grain, use water from our on-site aquifer, and employ time-honored pot-distillation and aging to produce world-class bourbon. Our bourbon is recognized as 2023’s “Best Small-Batch Bourbon up to 5 Years” at the world's premier spirits event, the San Francisco World Spirits Competition. Our distillery is located on a picturesque 22-acre site in Durham, North Carolina, a thriving hub for technology and life-sciences companies, giving us access to millions of consumers in a 30-mile radius.
We believe our proven local sourcing and exacting production practices yield top quality spirits while providing an authentic craft spirits experience to demanding consumers.
the Opportunity & Our Business Model
Exceptional Quality - Exceptional Performance
The Mystic Team has built our bourbon distillery from the ground up to produce world-class spirits. We have optimized our facility from the grain fields we lease nearby to produce corn and wheat, to the aquifer below our land that provides perfectly balanced water, to the equipment that we have assembled (and in many cases designed), to enable efficient operation. As the market for white oak barrels has become strained, we have begun sourcing North Carolina white oak directly from local stave mills. This vertical integration provides us with secure access to top-quality oak with superior aging characteristics. We bring the same level of discipline to our business management--the key to our success is that we are not carrying any debt or lease obligations for our equipment, and we have grown by reinvestment of profits.
Our business model reflects our commitment to disciplined growth and uncompromising quality. Our current business position reflects 9 years of reinvested positive cash flow and consistent monthly distributions.
THE market & our traction
Strategic Growth - Elite Market Position
We believe our Bourbon is positioned in the upper tiers of the bourbon market, catering to the ultra-premium and luxury bourbon segments. This part of the bourbon market comprises 16 million consumers and is projected to grow at a CAGR of 11% (compared with an 8% CAGR for bourbon overall) (Source). With MSRPs ranging from $70 per 750ml equivalent to $150 per 750ml equivalent, this positioning maximizes ROI with high margins while avoiding sale pricing that erodes brand value.
As visionary leaders, Michael Sinclair and Jonathan Blitz bring a collective 25+ years of industry expertise to Mystic, combining production process mastery, savvy marketing and compliance experience.
why invest
Invest in Mystic - Brand Focused and Quality Obsessed
As we raise funds to accelerate the growth of our business, we intend to keep our focus on the two factors most important to our success: the world-class quality of our products, and the disciplined approach to business management that produces value for our stakeholders. We plan to deploy the capital from this raise directly where it will have the most impact on our brand value - producing more of our successful products to meet expanding demand.
Don't miss your chance to invest - join the Mystic team today.
ABOUT
HEADQUARTERS
1212 N Mineral Springs Rd
Durham, NC 27703
WEBSITE
View Site
Mystic Farm & Distillery, Inc. ("Mystic" or "Mystic Farm & Distillery") is ten years old and has been profitable for the following three fiscal years (2020-2022). Mystic has been producing world-class bourbon and other spirits from grain to glass.
TEAM
Jonathan Blitz
Co-Founder, CEO, Board Member, Principal Accounting Officer
Michael Sinclair
Co-Founder, Board Member, President
Katie Sinclair
Master Blender, Board Member (Part-Time)
Katier spends 20 hours per week working for Mystic.
Marla Tuchinsky
Board Member (Part-Time)
Marla spends 4 hours per week at Mystic.
TERMS
Mystic Farm and Distillery
Overview
PRICE PER SHARE
$1
DEADLINE
Jan. 15, 2024 at 7:59 AM UTC
VALUATION
$20M
FUNDING GOAL
$15k - $1.24M
Breakdown
MIN INVESTMENT
$500
MAX INVESTMENT
$1,235,000
MIN NUMBER OF SHARES OFFERED
15,000
MAX NUMBER OF SHARES OFFERED
1,235,000
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class B Non-Voting Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives & Bonuses*
Combo Investor Perk
Combo Perk 1 - Invest $500+ within the first three weeks and receive a challenge coin that entitles the owner to free tours of the distillery with cocktail (maximum 20 tickets per year).
Combo Perk 2 - Invest $2,500+ within the first week and receive 15% bonus shares.
Combo Perk 3 - Invest $2,500+ within the first two weeks and receive 10% bonus shares.
Volume Based Perk
Tier 1 - Invest $1,500+ and receive a challenge coin that entitles the owner to free tours of the distillery with cocktail (maximum 20 tickets per year).
Tier 2 - Invest $5,000+ and receive a free tour** + 3% bonus shares.
Tier 3 - Invest $10,000+ and we will invite you to join the team for a two-hour barrel selection session when we are selecting Single Barrel Heart of Mystic - you will also take home 4 cases of Single Barrel Heart of Mystic from the selection, + 5% bonus shares.
Tier 4 - Invest $25,000+ and receive five hours of venue rental (date subject to availability) and a $1,000 bar tab credit for your event, + 10% bonus shares.***
Tier 5 - Invest $50,000+ and receive a Single Barrel Experience during which you will make bourbon with the staff, annual taps during the aging process, a custom label for your bourbon when it is released and all of the bottles from that barrel, + 12% bonus shares.
Flash Perk
Invest $4,500+ between 8:00am ET December 14, 2023 and 8:00am ET December 21, 2023 and receive 10% bonus shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
**Tour participants must be 21+ in order to receive alcoholic beverages.
***Investor must be 21+ in order to receive the 4 cases of Single Barrel Heart of Mystic.
****Investor must be 21+ in order to receive the bar tab credit.
The 10% StartEngine Owners' Bonus
Mystic Farm & Distillery will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $1.00 / share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
NEW UPDATES
11.29.23
We've Got a Hit on Our Hands!
One of the keys to an enduring brand is continually delighting customers with unique and exquisite offerings that are inherently exclusive. While our core brands appeal to the serious bourbon collectors who buy our world-class bourbons for their collections, we also strategically deploy our aging bourbon to create special releases that keep customers engaged and excited, and earn favorable press from outlets like the New York Times.
Our collaboration with Videri Chocolate produced our Cacao Nib Finished Bourbon - a product that sold out mere weeks after release and is now an eagerly anticipated special release product. Like all of our bourbons, it is only available in limited releases, and during limited times. Of course it delivers exceptional flavor and is painstakingly handcrafted - how else could we charge $50/375ml yet sell out 500 bottles so quickly?
We have built a debt-free, profitable and sustainable business the only way we know how: We use the finest ingredients, craft them into one of the best bourbons on the planet, and delight our customers by consistently producing an exceptional product at an ultra-premium price.
We invite you to join us.
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$1,500
Tier 1
Invest $1,500+ and receive a challenge coin that entitles the owner to free tours of the distillery with cocktail (maximum 20 tickets per year).
$5,000
Tier 2
Invest $5,000+ and receive a free tour + 3% bonus shares.
$10,000
Tier 3
Invest $10,000+ and we will invite you to join the team for a two-hour barrel selection session when we are selecting Single Barrel Heart of Mystic - you will also take home 4 cases of Single Barrel Heart of Mystic from the selection, + 5% bonus shares.
$25,000
Tier 4
Invest $25,000+ and receive five hours of venue rental (date subject to availability) and a $1,000 bar tab credit for your event, + 10% bonus shares.
$50,000
Tier 5
Invest $50,000+ and receive a Single Barrel Experience during which you will make bourbon with the staff, annual taps during the aging process, a custom label for your bourbon when it is released and all of the bottles from that barrel, + 12% bonus shares.
JOIN THE DISCUSSION
0/2500
Kyle Usher
a day ago
Why do you claim to be debt free if your financials show $119k in long term debt from the most recent fiscal year?
1
0
Dr. Frank Ragukonis, Sr.
2 days ago
As an investor, will we be privy to the detailed annual financial statements? If so, will they be audited financial statements done by an independent accounting firm? Which accounting firm will issue said statements?
1
0
Oscar Duarte
16 days ago
Just noticed an 11.13.23 posting on this website (under Updates) for the single barrel experience at an investment of $5,000. When I go to the Rewards section, this investment is advertised at a $50,000 investment. Just wanted to see if this was a typo or is this a new perk?
2
0
Mark Rudd
23 days ago
My funds were approved on 10/30/2023, when will they be invested?
1
0
Forrest Secosky
a month ago
If you make multiple purchases of shares during the offer period, do those add to qualify you for one of the tiers?
2
0
David Amin
a month ago
This is a competative business. Under a million in revenue and already asking $20M. This is a tough go for any VC. Your money will never grow when you pay these kinds of valuations.
1
0
Frederick Silber
a month ago
Howdy from CO Mystic team. I just invested and plan to invest more. I love a good Bourbon and your story is compelling. I saw the ad for the Cacao infused Bourbon and I want to buy some. Where can I do that?
2
0
James Creed
a month ago
In the tier 3 rewards, which I am interested i, is the invite selection and cases a one-time event or is that a yearly invite?
1
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
PINNED BY STARTUP
Oscar Duarte
18 days ago
Finally made it out to the Farm a few weeks ago and totally loved the facility and great staff which justified my interest to invest. For Tier 1, are the 20 tickets per year transferable....in other words, can others in my group use the tickets for payment, or is it only for the shareholder? Also, is there a limit to the number of years that I will receive tickets? Thanks and wishing you guys all the best.
1
0