CFN Enterprises Inc.

What they do

The company develops, produces and scales beverage brands through direct-to-consumer commerce, performance marketing and distribution, operating through subsidiaries Prestige Worldwide Wine Company, LLC and J Street Capital Partners, LLC. J Street imports and wholesales wine and alcoholic beverages into Nevada, New York, New Jersey, Florida and California, selling to bars, restaurants, casinos and hotels. Prestige is a winemaking consulting company providing services to third parties, and CFN Media runs compliant ad campaigns for the cannabis, hemp and wellness industries. CNP Operating, a cannabidiol manufacturer, was wound down in 2022-2023, and Ranco LLC was discontinued in the fourth quarter of 2025.

Revenue drivers

• J Street wine and beverage import/wholesale — Imports and wholesales wine and alcoholic beverages to bars, restaurants, casinos and hotels in five states; acquired July 1, 2025 for $435,000 in stock, with $413,250 allocated to inventory.
• Prestige winemaking consulting — Provides winemaking services to third parties and brought global trademarks, intellectual property, proprietary wine formulations and a distributor network; acquired November 3, 2025 for 150,000 shares.
• Interstice Cellars specialty wine venture — Formed October 2025 as a developer and retailer of specialty wines; J Street is managing member with a 51% interest ($165,000 contribution) and the entity is consolidated.
• CFN Media cannabis/hemp/wellness marketing — A digital marketing agency selling turnkey ad campaigns to the global cannabis, hemp and wellness industries; no segment revenue breakdown was provided in the excerpts.

Recent performance

For the six months ended June 30, 2026, net revenues were $136,515 with gross profit of $47,416, against operating expenses of $2,576,228 and a loss from operations of $2,528,812. Second-quarter 2026 revenue was $48,598 versus $6,302 a year earlier, though the latest balance sheet shows total assets of $724,848 and total liabilities of $25,327,219, producing a stockholders' deficit of $24,602,371. The latest six-month net loss was $2,763,364, including a $43,816 net gain from discontinued operations. Annual revenue fell from $3.5 million in 2023 to $321,352 in 2024 and $36,297 in 2025, while annual net losses were $4.3 million in 2024 and $6.5 million in 2025. The reported quarterly revenue series is not consistent across periods, with $6.6 million reported for 2025-09-30 and $87,917 for 2026-03-31.

Strategy

Management describes a strategy of acquiring and growing high-potential beverage brands, supported by operational infrastructure and digital marketing. It closed a 51%-owned joint venture, Interstice Cellars, in October 2025 and acquired Prestige in November 2025, adding trademarks, formulations and a distributor network, while signing a one-year consulting agreement with Wine Trends Marketing, LLC at $120,000 annually. The company exited white-label hemp manufacturing by winding down Ranco after H.R. 5371 banned intoxicating hemp-derived consumable products nationally effective November 12, 2026, and it retains CFN Media and the dormant CNP Operating entity. Acquisitions have been funded with common stock rather than cash, consistent with limited liquidity.

Risks

• Going concern doubt — The independent registered public accounting firm expressed substantial doubt about the company's ability to continue as a going concern in its reports on the 2025 and 2024 audited consolidated financial statements.
• Working capital deficit and dependence on outside financing — Working capital deficit was approximately $23.8 million at December 31, 2025 and $19.2 million at December 31, 2024, and operations depend on equity issuances, promissory notes and a credit facility.
• History of losses and negative operating cash flow — Net loss from continuing operations was approximately $2.0 million in 2025 and $2.1 million in 2024, and operating cash flow was negative $85,567 in 2025.
• Substantial indebtedness and interest obligations — Total liabilities were $25,327,219 at June 30, 2026, including current notes payable of $3,393,541 and $1,000,000 due to seller, against cash of $76,068.

Outlook

The filings describe continued expectations that expenses will increase as the company develops and implements its products and services, and that it will keep relying on external financing. No specific revenue or earnings guidance is provided. The wind-down of Ranco and the new wine and beverage acquisitions, including the Interstice Cellars joint venture and Prestige, are the stated focus of the go-forward business.