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Security Type
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Equity
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Categories
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Other
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Min Investment
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$360
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Offering Date
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January 31, 2020
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Expected Close Date
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April 29, 2020
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Target Raise
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$10.00K-$107.00K
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Deal Notes
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$0.24 per share
Security Name: Common Stock
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Valuation
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$11,000,000
Company Description
Soko Group, Inc. ("Soko") was born out of a collaboration between artists, fashionistas and those in the hemp industry. We are taking the CBD world by storm by changing the way people view the product all while creating something entirely new. From hand-crafted culinary treats to high potency full spectrum tinctures, we maintain the highest quality for the customers that we love. We take pride in every aspect of our product right down to the posh and sleek packaging.
Perks
Tier I* Invest $500+ Receive 2 Icy Mint Roll-Ons & Assorted Topical ($160 worth of product ) and 2 VIP tickets to Soko Fashion Show—*Intended for consumers
Tier II* Invest $720+ Best Value for consumers! Receive 2 icy mint roll-ons, 4 assorted topicals, & 2 15-ct gummies ($300 worth of product) and 2 VIP + 2 GA tickets to Soko Fashion Show—*Intended for consumers
Tier III** - Wholesale Invest $1,500+ Receive a free sample kit and 1 education class on Soko products. Plus a 2 year 5% discount on wholesale prices. First Access to new products † and 2 VIP + 2 GA tickets to Soko Fashion Show—**Intended for wholesalers
† - excludes new California sober sparkling water line
Tier IV** - Wholesale Invest $2,500+ Receive a free sample kit and 1 education class on Soko products. Plus a 2 year 10% discount on wholesale prices. First Access to new products (including California Sober line) and 2 VIP + 2 GA tickets to Soko Fashion Show—**Intended for wholesalers
Tier V* + 3% bonus shares Invest $3,000+ Receive a 5% discount for 2-years when you shop online and 3% bonus shares. Plus get $300 worth of product (2 icy mint roll-ons, 4 assorted topicals, & 2 15-ct gummies) and 2 VIP + 4 GA tickets to next 2 Soko Fashion Show—*Intended for consumers
Tier VI* + 5% bonus shares Invest $5,000+ Recieve first samples of new products to try before public release, 5% bonus shares on your investment, plus $150 in online credit, a 5% discount for 2-years when you shop online, and 4 VIP + 4 GA tickets to Next 2 Soko Fashion Shows—*Intended for consumers
Tier VII* + 10% bonus shares Invest $10,000+ Recieve first samples of new products to try before public release, 10% bonus shares on your investment, opportunity to sit in on beta tests and product launch meetings, attend CEO annuals with majority shareholders and board, plus $350 in online credit, a 10% discount for 2-years when you shop online, and 8 VIP + 8 GA tickets to Next 3 Soko Fashion Shows—*Intended for consumers
*All perks ocur after the offering is completed.
Key Deal Facts
We believe Soko is at the intersection of the large CBD Market ($18B) and the Fashion industry ($1.5 T), and is positioned to capture both markets through multiple verticals such as hemp fashion shows, innovative products and extensive marketing. (Sources: Brightfield Group - CBD Consumer Insights, Statista - Revenue of Apparel Market)
Currently selling worldwide, Soko uses its team of Hemp Experts, Graphic Designers and top-notch Executives to further its education and exposure to an ever growing list of CBD welcoming territories
Boasting an average of 50% profit margins and a 412% increase in sales from 2018-2019, we moved from reporting a loss in our first year to $225,577 in profit the next
Use of Proceeds
StartEngine Platform Fees, Marketing, Research & Development, Company Employment, Operations, Working Capital, Inventory, Run-Over Management
Management Team / Advisory Board Bios
Dave Soko
CEO/Founder of Soko Group Inc.
Dave Soko is the founder and CEO of Soko Group Inc.. He’s a visionary with ingenious creative passions leading the way in the event production and entertainment industry. Mr. Soko is driven and determined to accomplish monumental goals and being the best of the best. As a young CEO of two companies across the US, staying organized, passionate, and creative are just a few major objectives on a day-to-day routine, Mr. Soko focuses on. His experiences creating the Florida fashion week, numerous fashion shows across the US and now an innovative CBD company has entrenched Dave in a network of connections vastly deeper than he could have anticipated.
Jon Melicharek
V.P. of U.S. Operations
Jon's meticulous and methodical east coast practices have been a major component of the Soko structure since January of 2019. From navigating new regulations and compliance issues to organizing all operations is part of Jon’s day to day that is now second nature. His decade of experience in the cannabis and hemp industry working from seed to sale has proved indispensable when launching new products and crafting new marketing strategies. Jon has shown massive business acumen when it comes to overcoming any obstacles or objections and his passion for CBD shows through in every aspect of his work.
Dave Hebron
Director of U.S. Marketing
David Hebron is the Marketing manager for Soko Group Inc. He has several years of start-up experience with multiple brands in the highly competitive Alcohol Beverage market, with companies such as BeatBox Beverages, LLC (featured on ABC’s Shark Tank - $1M Investment from Mark Cuban) and Ghost Tequila, LLC. Growing from roles like Territory manager to CA Market Manager and Trade Development manager, respectively, he gained immense levels of experience and knowledge in various areas of business and the rigorous start-up CPG marketing space, helping each brand gain crucial new market share, expand their overall brand footprint and compete in ultra-competitive markets. He now brings that experience and strategic thought with him into the CBD industry where he’s helped SoKO develop key relationships with national brands, distributors, and retail outlets. Since early 2019 David has worked as an advisor to the luxury lifestyle brand, Soko Group, directing and consulting in various areas of marketing, sales, distribution endeavors and aiding in new product launches in CBD product categories. His creativity, tact and determination help him develop detailed and integrated marketing / sales strategies to help SoKO launch and succeed in the competitive CBD space. David works for The Soko Group part time, up to 30 hours per month. David has a full time job, he is the Co Owner of BLNCD Lifestyle, an online e-commerce cbd wholesaling company.
Deal Notes
$0.24 per share
Security Name: Common Stock