18.21 Drinks

Elevate your drink

Security Type: Crowd SAFE
Categories: Technology
Min Investment: $100
Location: Mount Pleasant, SC
Offering Date: September 14, 2020
Expected Close Date: April 30, 2023
Target Raise: $100.00K-$1.24M
Security Price: $1
Deal Notes: Discount: 0%

Number of Employees: 3
Cash: $44,284
Revenue: $0
Short Term Debt: $193,944
Cost of Goods: $0
Long Term Debt: $224,000
Net Income: $-119,412

Company Description

Vision Capital infusion to meet growing demandOur immediate vision is to launch our new line of cannabis infused products strategically, starting with the CBD on a national level and the THC in permitted states on the west coast. This allows us to dominate the emerging market and establish ourselves as category leaders in the beverage industry. We are also at an inflection point with 18.21 where the demand for the product is outpacing our capacity for production. We require capital to meet the accelerating demand for the product.

Key Deal Facts

Available in 48 states and internationally
Profitable with margins projected to reach 64% in the next 2 years
Over $5.5M in revenue to date
Participating in the All Rise Factory Cohort by EnrichHER
Combined TAM of $150B+
Participating in the Founders First Accelerator

Management Team / Advisory Board Bios

Kristin Koefod
Founder
Kristin is a serial entrepreneur with successful exits and a passion for flavors and customer experience. Kristin has been a speaker at Atlanta Black Restaurant Week and Nightclub and Bar Show and presented at BevNET.

Missy Koefod
Founder
A serial entrepreneur with successful exits and an attorney, Missy has over 20 years of experience in the beverage and hospitality industry and has spoken at Tales of the Cocktail, Nightclub and Bar Show and presented at BevNET.

Deal Notes

Discount: 0%

Amount Raised : $212,565

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