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.

Team profiles

Featured investor profiles

Cardinal Spirits

Beloved, award-winning craft spirits & canned cocktails from $6M ARR distillery▲

What Investors Say

LEAD INVESTOR
Invested $1,000 this round
I vividly remember meeting with Adam and Jeff during the early planning stages of Cardinal Spirits. Seeing how they went from an idea to a prosperous enterprise fills me with awe and admiration for their unwavering vision, tireless efforts, and unrelenting pursuit of excellence in crafting premium spirits. Today, as a business, Cardinal Spirits is notably de-risked and primed for rapid expansion, making it an opportune time for investors to get involved.
What People Say