Cherrish

Cherrish

100% all-natural cherry juice that fights inflammation

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Security Type
Crowd SAFE
Categories
Food & Bev
Min Investment
$100
Location
Mercer Island, WA
Offering Date
January 26, 2021
Expected Close Date
April 30, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 0%

Company Description

Vision Unrolling new productsCherrish has recently launched two new products nationwide at the end of 2020. We envision additional new products in 2021 for large scale distribution.

Key Deal Facts

$2M in sales in 2020; projected revenue of $25M by EoY 2023
Customers include 80+ university, national league, and Olympic sport teams
Retailing at 2.3K+ stores across America
$22B+ sports drink TAM
11K antioxidant units per bottle—almost 3x the recommended FDA amount
Team Cherrish has an elite athlete team of influencers

Management Team / Advisory Board Bios

Dan Haggart
CEO

Deal Notes

Discount: 0%

Amount Raised : $87,158
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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