29 Jan Supreme Core Cider Just Raised more than $1m
Supreme Core Cider opened in May and doubled its capacity in October. Now the craft cider company near Ivy City is getting ready to double that again.
The second expansion comes after Supreme Core raised $1.22 million from 29 investors, according to documents filed with the Securities and Exchange Commission. The total offering was $1.41 million, leaving about $190,000 left to be sold, according to the filing.
Supreme Core Cider grew so quickly after it opened in 2018 that “we were kind of operating at full capacity within the first six months,” said Will Sullivan, who owns the cider company with Kyle Crosby. They actually capped wholesale accounts — something a new business doesn’t usually want to do.