Hoop Tea is a spiked iced tea brand that was created at Backshore Brewing Co on the beach of Ocean City, MD in the summer of 2016. Hoop Tea products are 'better for you' alcoholic beverages for modern consumers who prefer products with 'clean labels' and thoughtful ingredients. [Read More]
Preferred securities are a type of investment that generally offer higher yields than traditional fixed.
December 27, 2019
March 26, 2020
Open to Investors
If $300,001 is raised:
60% for purchase of raw materials and inventories to be advanced to Southbound One, Inc., 20% for hiring, 12.5% for sales and marketing expenses, 7.5% towards Wefunder fees.
If $1,069,999 is raised:
40% for purchasing raw materials and other inventories to be advanced to Southbound One, Inc., 20% for specialized manufacturing equipment that will be placed with copackers, but may be owned by Hoop Tea, Inc., 32.5% towards staffing and marketing efforts in new territories, 7.5% in Wefunder fees.
Founder & CEO of Hoop Tea
With over 30 years of leadership experience, Danny is an innovative founder and effective marketer. He has built several successful businesses including Backshore Brewing Co, Pickles Pub, Hammerheads Grill, Guido's Burritos, and 8th St. Liquors.
$1.00 per share
$50K+ pro rata right threshold
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