Cardinal Spirits
Beloved, award-winning craft spirits & canned cocktails from $6M ARR distillery▲
https://wefunder.com/cardinal.spirits
Total raised on Wefunder: 283810
Total investors: 336
Quick facts
- Case sales grew from 8k in 2017 to 127k in 2022 ($6.3M annual revenue, $32M in cumulative revenue).
- Products sold in 8,400 retail outlets (up from 1,000 in 2018). Including Walmart, Kroger, CVS, etc.
- Gross margin has improved from 13% in 2019, to 39% in 2022.
- Media darlings: Featured in the Wall Street Journal and New York Times.
- Co-founder lobbied for law change that opened the door for 50+ craft distilleries now in Indiana.
- Successful distillery tasting room with 4.5 stars on Yelp and 4.6 stars on Google.
- Voted USA Today's Readers' Choice in 2019, 2020, 2021, and 2022.
- Over 35k followers across social media, and 10k newsletter subscribers with 45% open rate.