Lola Snacks

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Security Type
Common Stock
Categories
Food & Bev
Min Investment
$200
Location
NORTH SALEM, NY
Offering Date
November 04, 2022
Expected Close Date
May 26, 2023
Target Raise
$60.00K-$124.00K
No. Investors
24
Security Price
$1
Valuation
$12,004,186
Website
lolasnacks.com
Number of Employees
4
Cash
$4,296
Revenue
$203,717
Short Term Debt
$67,377
Cost of Goods
$110,584
Long Term Debt
$528,032
Net Income
$10,599

Company Description

Lola Snacks are plant-based energy bars that replenish lost probiotics and improve your gut’s microbiome to boost immunity and give you more energy. The company is a women-owned certified business and addresses consumer gut health issues. We believe the company's unique use of probiotics + prebiotics combined with plant-based protein is an effective daily routine to maintain a good gut microbiome. The company values the importance of leading healthier active lifestyles and treating your body well through self-care and proper diet.

Key Deal Facts

Lola Snacks has begun national distribution through 15,000 doors in convenience and food service. The global energy market size had a 2020 value of $13.4 billion, and more Americans are eating plant-based foods than ever (source & source).

Lola Snacks are vegan plant based energy bars enhanced with a blend of probiotics and prebiotics to promote the health of your gut microbiome. Lola Snacks is a shelf-stable energy bar, allowing it to be sold in any grab and go setting.

Lola Snacks reinvests in their community through inner-city youth mentoring programs and donating to anti-hunger programs.

Management Team / Advisory Board Bios

Mary MolinaPresident/CEOMary Molina, founder and CEO of Lola Granola Bar, a passion project to feed her family and get their health back on track through good food and leaving a positive impact. Since then, it's bloomed into a delicious mission: love your guts through selfcare to improve overall health from your skin and cardiovascular health to brain function with probiotics and prebiotic snacks. Mary also teaches marketing and entrepreneurship to kids at underprivileged schools and collaborates with food banks to feed our friends and neighbors in need, two efforts that are near and dear to Mary’s heart. Mary has a proven track record in innovation, entrepreneurship, concept validation, iteration, pivoting, scaling, branding, financial management, leadership, transparency, public speaking, board member, healthy living enthusiast., Ernie MolinaVP and Biz DevelpmentResponsibilities include managing & developing business within alternative channels, foodservice and retail nationally. Key accounts include, Google, Military Exchanges, DOT Foods, UNFI, KEHE, VIstar, Sysco, U.S. Foods, Canteen/FoodBuy, Walmart, Target, Costco, independents and chains, college/university, regional DSD's, and eCommerce. Work alongside & manage broker partners, distributors and distributor reps to successfully and strategically build new business while planning and extending current partnerships with retailers thru promotional support & numerous creative incentives. Attend trade shows, key account meetings, and category reviews while providing an authentic representation of the company's culture and business model. Provide excellent customer service to both new and current accounts with accurate follow up and clean communication.
John EdelmanBoard MemberExperienced Board Member with a demonstrated history of working in the design industry. Skilled in Modern Furniture, Retail, Textiles, Finish, and Renovation. Strong business development professional.
Joe Donato Jr. Director of Sales Data-driven maverick using insight metrics to translate into actionable shelf strategy to grow Brands with the expertise they need for the next step on their journey. Extensive experience growing brands through supplier relationships and managing teams.,
Amount Raised : $6,809
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Security Description

Common stock is a security that represents ownership in a corporation.

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