Sugarfina

Artisanal Luxury Candy

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Security Type
Crowd SAFE
Categories
Retail, Consumer Goods & Products
Min Investment
$500
Location
LAS VEGAS, NV
Offering Date
June 11, 2021
Expected Close Date
October 15, 2023
Target Raise
$25.00K-$5.00M
No. Investors
87
Security Price
$1
Valuation
$99,999,999
Website
sugarfina.com
Number of Employees
142
Cash
$1,194,106
Revenue
$30,854,767
Short Term Debt
$4,430,907
Cost of Goods
$14,959,475
Long Term Debt
$21,385,526
Net Income
$-2,123,315

Company Description

Sugarfina is a candy brand for the adult palate, combining high quality, luxury candy with a fun and engaging aesthetic. We have created a new space in the luxury confections market, and continue to redefine what it means to be a luxury candy brand. Partnering with artisan candy makers from around the world, we create a wide range of products that offer something for everyone: from gummies to cordials, cocktail-infused candies, and chocolate bars. We have a uniquely fresh approach to gourmet confections, which has attracted a loyal, coveted customer who is fashion-forward, influential, and seeks luxury products that speak to her lifestyle

Key Deal Facts

$28.5M+ trailing 12-month revenue as of June 2021 Significant domestic and international distribution expansion opportunity 50+ patents, trademarks and copyrights PR coverage: USA Today, People, US Weekly, Forbes, E! and Food & Wine 25 retail boutiques, 2 HK franchise stores Wholesale presence in 900+ accounts Collaborations with Casamigos, Tito's, Hampton Water Rosé and The Simpsons

Management Team / Advisory Board Bios

Scott LaPorta CEO and Co-Investor

Amount Raised : $119,717
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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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