Herb & Olive

Specialty organic extra virgin olive oil that was featured in GQ in December 2021

Security Type: Convertible Note
Categories: Other
Min Investment: $100
Location: LAKE OSWEGO, OR
Expected Close Date: June 06, 2022
Target Raise: $50.00K-$250.00K
No. Investors: 22
Security Price: $1
Website: herb-olive.com

Number of Employees: 0
Cash: $11,816
Revenue: $20,810
Short Term Debt: $3,667
Cost of Goods: $13,679
Long Term Debt: $75,254
Net Income: $-20,671

Company Description

California-based Herb & Olive is committed to creating sustainable, high-quality specialty olive oils. The company’s ethos from the start has been to source only the finest ingredients, as its founder, David Zimmerman has developed an intimate understanding of food ingredients managing his Crohn’s Disease. After experimenting with different food routines and ingredients, Herb & Olive was born.

Key Deal Facts

Product has been featured in retail stores across the country
Featured in the well-renowned design blog, The Dieline in October 2021i and in GQ in December 2021ii
Featured on Instagram accounts @bestofpackaging (125k+ followers)iii and @branding.source (245k+ followers),iv and The Dieline (170k followers)v
Product is sold on online retailers like Mayple,vi Bulletin,vi and Fairevii

Amount Raised : $6,900

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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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