CFN Enterprises Inc.

CFN Enterprises Inc.

Core business and segments

• CFN/Wine Segment
  • Consolidates operations of:
    • J Street Capital Partners, LLC — importer and wholesaler of wines and alcoholic beverages
    • Prestige Worldwide Wine Company, LLC — winemaking consulting
    • Interstice Cellars LLC — developer and retailer of specialty wines (J Street 51% ownership; 49% held by Alpha Echo Consulting LLC and J Vision Investments LLC)
    • CFN Media — digital marketing agency for the cannabis, hemp, and wellness industries
    • Legacy CNP Operating — cannabidiol-related manufacturing business
• Ranco-AGP Segment (discontinued)
  • Related-party transactions with AGP Holdings LLC (former COO/Controller)
  • Focused on mitragynine-related bulk raw material; terminated October 1, 2025
• Ranco-Legacy Segment (discontinued)
  • White-label manufacturing and co-packing, third-party logistics, and overseas sourcing for hemp/wellness
  • Classified as discontinued operations as of Q4 2025

Operations and markets

• J Street Capital Partners, LLC
  • Imports and wholesales wines and alcoholic beverages
  • Distributes in Nevada, New York, New Jersey, Florida, and California
  • Customer base includes bars, restaurants, casinos, and hotels
• Prestige Worldwide Wine Company, LLC
  • Provides winemaking consulting and holds global trademarks, IP, proprietary formulations, distributor relationships, and a client base
• Interstice Cellars LLC
  • Develops and retails specialty wines; J Street serves as managing member and consolidates Interstice with a 49% non-controlling interest
• CFN Media
  • Produces sponsored content, articles, press releases, videos, podcasts, ads, email marketing, and related campaigns for cannabis, hemp, and wellness clients
• CNP Operating
  • Cannabidiol manufacturer; operations wound down in 2022–2023
• Ranco operations
  • Discontinued due to regulatory changes

Recent acquisitions and equity structure

• J Street Capital Partners, LLC
  • Agreement dated May 29, 2025; closed July 1, 2025
  • Consideration: 150,000 shares issued (value per share $2.90)
  • Total purchase consideration: $435,000
  • Allocation: inventories $413,250; trademarks and licenses $21,750
• Prestige Worldwide Wine Company, LLC
  • Acquired November 3, 2025 via J Street
  • Consideration: 150,000 shares issued
  • Assets acquired under ASC 805-50 include global trademarks, IP, formulations, distributor network, and client base
  • Post-acquisition: Consulting Agreement with Wine Trends Marketing, LLC for winemaking services at $120,000 per year
  • Lock-Up/Leak-Out Agreement with former owner Thomas Hinde: 12-month lock-up and 48-month leak-out on the issued shares
• Interstice Cellars LLC
  • Formed October 2025
  • J Street contributed $165,000 for a 51% stake
  • Alpha Echo Consulting LLC and J Vision Investments LLC contributed $30,000 each for the remaining 49%
  • J Street consolidates Interstice and records a 49% non-controlling interest

Financial and regulatory highlights (as of December 31, 2025)

• Employees: 10 full-time employees
• Debt and equity
  • Total debt outstanding: $7,548,523
  • Preferred stock: 500 shares of Series A ($1,000 par; 12% interest) and 3,000 shares of Series B ($1,000 par; 12% interest; increased from 6% on August 1, 2025)
  • Warrants: 1,198,850 shares issuable (approximately 12% of fully diluted common stock)
• Discontinued operations (Ranco)
  • Board approved wind-down of Ranco operations on November 19, 2025
  • Ranco substantially ceased operations by December 31, 2025
  • Current liabilities of discontinued operations: $13.3 million as of December 31, 2025
• Profitability and liquidity
  • Net loss from continuing operations: approximately $2.0 million in 2025
  • Net loss from continuing operations: approximately $2.1 million in 2024
  • The company has historically operated at a loss and continues to require external financing
  • The independent registered public accounting firm noted going concern uncertainty

Revenue sources by segment

• J Street: sales of wine and other alcoholic beverages to bars, restaurants, casinos, and hotels
• Prestige: winemaking consulting services
• CFN Media: sponsored content, digital campaigns, and related services
• Interstice: development and retail of specialty wines (consolidated with J Street)

Location and contact

• Principal offices: 600 E. 8th Street, Whitefish, Montana 59937
• Additional offices: Las Vegas, Nevada (lease entered May 2025, expiring May 2026)
• Los Angeles warehouse/manufacturing lease (related to a July 2023 acquisition): full premises leased, $96,634 monthly; lease expires July 31, 2027
• Corporate website: www.cfnenterprisesinc.com
• OTCQB ticker: CNFN

Regulatory environment and exposure

• Alcohol and beverage activities are regulated by federal (TTB) and state agencies; permits and licenses are required and operations are subject to rules on labeling, advertising, distribution, pricing, and trade practices
• CFN Media activities are subject to SEC, FINRA, and federal/state cannabis-related regulations
• Hemp/CBD regulatory uncertainty affected operations; HR 5371 (November 12, 2026 nationwide ban on intoxicating hemp-derived consumables) is cited as a factor in the wind-down of Ranco and ongoing regulatory assessments

Strategic and operational notes

• The company integrates direct-to-consumer commerce, performance marketing, and acquired operations to scale beverage brands
• 2025 strategic actions included the acquisitions of J Street and Prestige and formation/participation in Interstice Cellars
• The company expects higher expenses as it pursues growth initiatives and addresses regulatory and commercial challenges

Public information

• Stock quoted on the OTCQB Marketplace under the symbol CNFN