Question 1

Do you have an estimate for 2020 revenue? How many retailers are you in currently? Any upcoming launches?

Accepted Answer

Hi Andrew, Good questions, and thanks. We anticipate 2021 revenue to be 2-4x 2020 as we look at solidifying existing domestic markets, opening new domestic markets and reaching into export markets (with more than a dozen current active contacts in Asia and Canada). We current sell and ship to 5 states: Washington State, Alaska, Nevada, North Dakota and the District of Columbia. We sell also to local liquor stores. Our Galloping Goose whisky and Summer Gin No. 5 are both at the State of Virgin...

Question 2

The pitch deck (labeled 4 December 2020) lists Berle "Rusty" Figgins as the master distiller. There is a statement from Fynoderee Distillery in August announcing his appointment as their master distiller and his family's relocation to the Isle of Man - is this no longer the ca...

Accepted Answer

Hi, Alex, Rusty is one of our best and smartest advisors, since November 2014, and he has in fact earned the title of master distiller more than many in the industry. We used his title in our listing as a point of reference. We last talked with him in October (email) and late December 2020 (LinkedIn). A redacted version of our financials were used in the distillery-startup classes he taught at his distillery in eastern Washington, as they were developed by us in discussion with other distille...

Question 3

I have a couple of questions, can you explain the equity position in the company? the 2018 & 2019 statement of equity in the financials were the same, however in the balance sheets in 2018 & 2019 equity changed nearly $260K lower. Did you pay off early investors or red...

Accepted Answer

Thanks for the careful reading, Terrence, we appreciate you noticing that the table for 2019 Statement of Equity was included by mistake in the 2018 Management Report during our final scan to PDF.  The has now been included and we have sent the corrected version to WeFunder for online viewing.   Also in the Balance Sheet format which we sent to WeFunder, we noticed that the line item for fully paid in capital was dropped, though it was included in the narrative section (page 6 ...

Question 4

Hello Ernest, I've invested in over 42 company's. I think if you offered perks at the 100 dollar level, you would get more funds. Why? Because most investors can only invest 2,600 a year in total funds. So, if you offered hat's or t-shirt or something like that, you would get ...

Accepted Answer

Thanks for the idea, Peter, I appreciate your input. I hope you'll also look at and consider our other incentives of bottles/cases of whiskies and gins - including some new releases as they come up!

Question 5

Hello Ernest, I was comparing your actual 2020 revenue with the projections from your Financials (slide 12) in your deck. Obviously, the revenue projections are just that, projections. Do you have an updated view based on the actual 2019 & 2020 revenues? Thanks.

Accepted Answer

Hi Mark, good question, and we are building that estimate now. We have 2 pending export contracts in Korea, 1 in Japan and more in Mexico which we want to include in the estimate. We were also approached this week by a third buyer in Canada for the Ontario and Quebec markets. Any and all of these export sales will be dramatic and allow us to keep the same growth curve. We previously mentioned that our estimate is conservatively 2-4x 2020 figures, but with export contracts based on customer st...

James Bay Distillers

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