The Cookie Department

The Cookie Department

We make cookies that taste like desserts you miss

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Security Type
Other
Categories
Consumer Goods & Products
Min Investment
$100
Location
Portland, OR
Offering Date
August 13, 2020
Expected Close Date
October 31, 2020
Target Raise
$15.00K-$35.00K
Deal Notes

Security Type: Bond

Bond Duration: 36 months

Yield: 8.00%

Unit Par Value: $9.20

Total Unit Value: $10.27

Company Description

When you hear the word “keto” you might think weight loss, ‘fad diet’, or maybe even influencer. The trend has grown immensely in the last few years alone, but for The Cookie Department, building a ketogenic-focused food company has an intense depth, vision, and value you can taste.After 10 years of creating delicious and functional cookies, The Cookie Department transitioned from superfood cookies to keto cookies. Elannah Resnikoff, who is the wife of The Cookie Department’s founder, Akiva Resnikoff, required a ketogenic diet for years to help manage the debilitating effects of multiple traumatic brain injuries. Consistently, her team of doctors recommended incongruous treatment protocols, with her body often feeling like a trial and error test subject. In alignment and agreement, the doctors recommended she try a ketogenic diet that would help her decrease brain inflammation and stabilize her blood sugar. As the couple set out to satiate Elannah’s sweet tooth cravings, they tried every keto cookie out there. Nothing was as satisfying as the cookies Akiva made for her. In recognizing the growing popularity of the keto diet outside of requirements for specific health cases like epilepsy, kidney failure, heart disease, diabetes, and stroke, they decided to align mission and move their entire product line to Keto.Elannah and Akiva launched their first two Keto cookie flavors, “Cake Walk” and “Mint Condition” in late 2019, and are now launching their latest flavor, “Champion Chip” with proceeds from this offering. “Champion Chip” aims to inspire everyone to be their own champion, and manage their diet for their own reasons whether medical, weight loss, or otherwise.

Key Deal Facts

The first ketogenic friendly cookie to be sold on Bodybuilding.com
Built retail relationship with GNC in 2020
Designated as an "Amazon's Choice" product

Use of Proceeds

  • Proceeds from the offering will be used to produce their newest line of Keto Cookies - “Champion Chip”.
  • In addition, The Cookie Department plans on revamping their online marketing infrastructure to further grow online sales nationwide.
  • Additional capital will be used to refinance high interest rate to improve monthly operating margin

Management Team / Advisory Board Bios

During 2009 in his mother's kitchen, Akiva Resnikoff launched his functional cookie passion project, which would later become The Cookie Department. With a certificate in pastry arts, a background in sales and promotions within the functional beverage industry, a full-time business development role at an artisanal bread company, and a vision of bringing innovation and functionality to packaged baked goods, Resnikoff became a one-man cookie band.

In his spare time, he formulated recipes, baked, packaged, marketed, and delivered cookies to local cafes and retail stores. Today, Resnikoff is no longer in the kitchen or behind the wheel of a delivery van, but has evolved into a skilled CEO with extensive consumer goods industry knowledge.

Enter Elannah Resnikoff, and seemingly overnight The Cookie Department moved from a one-man band to a two-person show. Akiva, mostly focused on sales and marketing, still found time for the kitchen and in doing so, found deeper meaning and value in the work they were doing. Staying true to his roots, he still loves to whip up new cookie recipes.

Deal Notes

Security Type: Bond

Bond Duration: 36 months

Yield: 8.00%

Unit Par Value: $9.20

Total Unit Value: $10.27

Amount Raised : $0
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