NXT Water, makers of AKESO

Innovators in Science-Backed Ultra Functional Beverages: CBD & Plant Powered Hydration

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Form C
View on Wefunder
Security Type
Convertible Note
Categories
Alcohol, Technology, Food & Bev, Community & Lifestyle
Min Investment
$100
Location
Las Vegas, NV
Expected Close Date
April 30, 2022
Target Raise
$75.00K-$1.00M
No. Investors
74
Security Price
$1
Website
akesowater.com
Number of Employees
4
Cash
$21,724
Revenue
$21,099
Short Term Debt
$357,129
Cost of Goods
$8,171
Long Term Debt
$877,900
Net Income
$-637,224

Company Description

Cava Capital and Mark Messier backed with $1.6M invested to date
Seasoned executives from beverage (PepsiCo, Diageo), Tech (Microsoft), sports & entertainment (Live Nation, Dick Clark)
All natural ultra functional beverages for mind and body performance and recovery
Launched with leading national distributor, RNDC who operates in 38 markets in the US
Only 100% verifiable food or beverage through StrainSecure blockchain platform visible to consumer via on pack QR code
Proprietary nano-encapsulation process for oil-based botanicals that results in 6X absorption vs. conventional methods

Key Deal Facts

Cava Capital and Mark Messier backed with $1.6M invested to date
Seasoned executives from beverage (PepsiCo, Diageo), Tech (Microsoft), sports & entertainment (Live Nation, Dick Clark)
All natural ultra functional beverages for mind and body performance and recovery
Launched with leading national distributor, RNDC who operates in 38 markets in the US
Only 100% verifiable food or beverage through StrainSecure blockchain platform visible to consumer via on pack QR code
Proprietary nano-encapsulation process for oil-based botanicals that results in 6X absorption vs. conventional methods

Use of Proceeds


$75,000
20% sales and marketing (support launch with national distributor, point of sale materials and sampling), 25% (product/working capital);  47.5% operating Expenses (salaries, professional fees,+1 p/t sales person), 7.5% Wefunder intermediary fee




$1,000,000
40% Marketing (launch of national distributor, POS, sampling, amazon and facebook advertising), 15% (product and working capital); 37.5% Operating Expenses (management team salary, +2 sales people) , 7.5% Wefunder intermediary fee



Amount Raised : $75,850
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Management Team
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Valuation

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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