Diligence memo · auto-generated · as of July 3, 2026
Far North Spirits, Inc.
Far North Spirits, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Far North Spirits, Inc. operates in Food & Beverage, based in HALLOCK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Far North Spirits, Inc. has raised $250K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $150K on 2015-01-23.
Most recent recorded round closed around 2017-07-01.
Valuation (modeled)modeled
Provath models Far North Spirits, Inc. at approximately $2.3M (range $67K–$26M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.28× the median modeled value of Pre-Seed Food & Beverage companies in 2016–2018 (72 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 29 months.
Last raise 9.0 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 43% of Food & Beverage peers (567 compared).
Modeled value ranks above 44% of those peers.
Closest niche peers: Spring Creek Brewing Co LLC, Single Hill Brewing Co, Full Circle Brewing, Co. Ltd. LLC, Joyland Brewing Company, LLC, Door County Brewing Co., LLC.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.