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Security Type
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Convertible Note
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Categories
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Retail
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Min Investment
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$100
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Location
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Manchester Center, VT
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Offering Date
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April 26, 2021
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Expected Close Date
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November 22, 2021
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Target Raise
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$25.00K-$1.07M
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Security Price
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$1
Company Description
Toast! Supplements (Toast!) develops functional dietary supplements that aim to restore nutrients and support the liver, support sleep quality, and immune support. Unlike existing supplements that are either pills, powders, or beverages, Toast!’s gummy supplements offer a tasty and appealing alternative manufactured through its partnership with a quality American candymaker and ingredient supply relationship with another dietary supplement company. Toast!’s initial product, the Before You Drink gummy, was developed through a partnership with Dr. Joris Verster, founder of the Alcohol Hangover Research Group.iii The Before You Drink gummy should be taken before a night of drinking, so you can celebrate and feel great about it. Toast! has expanded its product line to include an immune support and melatonin-based gummy.
Perks
$100+ — Invite to Toast! Private FB Beta Group
$250+ — One carton (12 servings) of Toast!’s Brand New Before You Drink Gummies + an invite to the Toast! Private FB Beta Group
$500+ — One carton (12 servings) of Toast!’s Brand New Before You Drink Gummies + One bottle of Before You Sleep Gummies (90 ct) + an invite to the Toast! Private FB Beta Group
$5,000+ — Toast! Supporter Box + an exclusive pre-market sample of an upcoming product line + 1,000 Toast! Reward Points
$10,000+ — Help Toast! Design Our Next Product! The feedback of the Toast! community has been critical to our success, and we want YOUR feedback in developing our next product!
$25,000+ — Fund A Clinical Trial of Toast!’s Before You Drink Gummies! Help Toast! prove just how effective our Before You Drink Gummies really are with a published clinical trial with an (optional) acknowledgement of your assistance in making it happen!
Key Deal Facts
Raised $160,000 from Mucker Capital’s Accelerator program to develop three lines of gummies to help restore key nutrients and support the liver, support sleep quality and support immune health
The Before You Drink gummy, its flagship product, was developed from over two years of testing and through a partnership with Dr. Joris Verster, founder of the Alcohol Hangover Research Groupi
Recommended “New Products” vendor of the AATAC, a national association of retailers and consumer goods buying groups that include operators of 80,000 stores like 7-Eleven, Sunoco, Gulf, and Circle Kii
Reached over $64,000 and $19,000 in revenue in Q4 2020 and Q1 2021, respectively, with gross margins above 70%
Management Team / Advisory Board Bios
Sean O'Neill, Founder & President
Sean O’Neill is an experienced entrepreneur and creator of Toast!’s Before You Drink gummy. While running his previous startup Couchster, O’Neill was erroneously diagnosed with cirrhosis of the liver, which led him to research alcohol’s effects on the body and potential mitigating factors to its post-drinking symptoms. He developed Toast!’s business plan and developed the beta-concept of the BYD gummy while studying for his MBA at Babson College, and in early-2019, he officially launched the Before You Drink gummy. O’Neill holds a B.A. in Economics and graduated Summa Cum Laude, Phi Beta Kappa, with Departmental Honors from Tulane University. He also earned a full tuition scholarship for his MBA program with a focus on Entrepreneurial Studies from Babson College, where he graduated Cum Laude.