- Security Type
- Preferred Stock
- Categories
- Alcohol, Food and Bev
- Min Investment
- $245
- Location
-
Charleston, SC
- Offering Date
- November 24, 2021
- Expected Close Date
- August 22, 2022
- Amount Raised
- $666,115
- Target Raise
- $10K-$5M
- No. Investors
- 501
- Security Price
- $7.91
- Valuation
- $100,000,000
- Number of Employees
- 20
- Cash
- $254,375
- Revenue
- $2,669,871
- Short Term Debt
- $942,413
- Cost of Goods
- $2,045,098
- Long Term Debt
- $0
- Net Income
- $-3,419,913
Company Description
Island Brands USA produces all clean, better for you, super premium beer, using only the highest quality ingredients. A competitively priced mainstream ‘better for you’ beer brand that leverages best in class digital technology and is proudly American made and owned.
Key Deal Facts
Island Brands continues to outpace our competition in the domestic premium beer category.
Our growth trajectory, Premium brand position, manufacturing capacity, and go to market strategy enables us to leverage our success to scale and grow quickly in the domestic and international markets.
The domestic beer market is valued at over $116 billion and beer consumption is up over 10% in the Southeast footprint where Island Brands is currently distributed.
Security Description
Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.