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Security Type
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Common Stock
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Categories
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Alcohol
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Min Investment
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$247
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Offering Date
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June 08, 2021
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Expected Close Date
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December 07, 2021
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Target Raise
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$10.00K-$1.07M
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Security Price
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$2.63
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Valuation
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$4,240,000
Company Description
Local Roots began with the simple goal of creating a better for you and organic alcohol that gives back to the local community as much as it does your gut. Our bold hard kombucha is authentically brewed and pushes the boundaries of the next generation better-for-you alcohol.
Key Deal Facts
Better-for-you alcohol exploding over 150% to $4B in 2020.
Local Roots up 284% in the Southwest, from #5 to #2 in category growth, since COVID.
We believe traction, capacity runway, and brand position enable Local Roots to deepen distribution footprint, expand nationwide, and compete on a scale akin to large craft beer and RTD cocktail brands.
Use of Proceeds
We’re looking forward to a year with a focus on marketing, innovation, and liquid-to-lips, on a mission to change the way the world thinks about alcohol.
Management Team / Advisory Board Bios
Joe Carmichael, Co-Founder, Director
Joe Carmichael is an innovator who started his career in Aerospace doing lean manufacturing and product development. He brings a passion for culture and collaboration, bringing people together to make a difference.
Ryan White, Co-Founder, Director
Ryan White is a connector and serial entrepreneur who began his career in healthcare. He shares a passion for healthy living, sports, exploring, and making a positive impact on the planet.
Albert Man, Director
Albert is a serial entrepreneur who is the founder and CEO at a successful theraputics business while also serving as the Men's lacrosse coach for UC San Diego since 1996.