Rejoy

Rejoy

REJOY is a unique plant-based sports drink infused with CBD to ease body & mind

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Security Type
Convertible Note
Categories
Retail, Food & Bev, Community & Lifestyle, Sports & Fitness
Min Investment
$100
Location
Key Biscayne, FL
Offering Date
February 08, 2021
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$500.00K
No. Investors
32
Security Price
$1
Website
drinkrejoy.com
Number of Employees
2
Cash
$356,339
Revenue
$111,063
Short Term Debt
$22,303
Cost of Goods
$91,083
Long Term Debt
$665,902
Net Income
$-403,706

Company Description

With our trial phase finished in Miami, and having received excellent feedback from customers and consumers, our dream is to now scale the business to other states and cities, achieving national distribution.  For this, we will focus our efforts and investments in four key strategic pillars:

1) Building relationships and creating partnerships with key food & beverage players that have regional or national distribution, such as convenience stores, supermarkets, pharmacies, and wholesalers.  We are targeting 1000 stores by end of 2021, with a focus on Florida, Texas and California, where triathlon has a strong presence.

2) Investing on our brand and its value proposition, with a special focus on building qualitative digital assets for social media, paid ads and creating strong partnerships with brand ambassadors that can help us get our message out to the sports community in a genuine and effective way.  

3) R&D: innovation is at the core of everything we do.  We strongly believe that in order to stay relevant and continually exceed our customers' needs, we need to constantly evolve our product and expand our portfolio.  

4) People: hiring and developing an A-team of collaborators with expertise in fast-paced consumer goods, a strong work ethic and passion for sports and a healthy living will play a key role in our success going forward.

Key Deal Facts

Selected by 7-Eleven as one of the only two CBD beverages for their 2020 Emerging Brands show.
Launched January 2020, already present in +75 stores in Miami with $75k in revenues YTD November
A world-class team with extensive industry experience: Anheuser-Busch InBev - Danone - Heineken
Huge addressable market opportunity with >$20B in the US and ~$50B globally
Help create a new category of fast-acting cannabis-based products in a growing market

Management Team / Advisory Board Bios

Diego Belbussi CGO
Martín Moresco CEO
Amount Raised : $69,210
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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