Drink LMNT

Drink LMNT

On a salty rebellion to restore health through hydration

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Security Type
Crowd SAFE
Min Investment
$250
Location
NAPLES, FL
Offering Date
June 07, 2022
Expected Close Date
August 15, 2022
Target Raise
$25.00K-$4.00M
No. Investors
1
Security Price
$1
Website
DrinkLMNT.com
Number of Employees
0
Cash
$6,554,000
Revenue
$31,589,000
Short Term Debt
$3,783,000
Cost of Goods
$10,058,000
Long Term Debt
$770,000
Net Income
$1,974,000

Company Description

We’re owning SALT as a revolution
in hydration and functional beverages.

Perks

Invest
$250
Receive
There are no perks for this raise.
Setting expectations: we do not offer special pricing, discounts, etc as a brand - investors included.
We may send a sample pack for you to try flavors but otherwise our value bundle, insiders program, and loyal customer community will be where we focus efforts regarding perks.

Key Deal Facts

One of the fastest growing beverage brands in the market (4.5x YoY)
On a $50MM revenue run-rate as of Q1 2022 and profitable since year 1
Meeting a true health need with real innovation in the electrolyte category
Led by an experienced team with exits in the natural product space
Backed by dozens of professional athletes, teams, and health influencers

Management Team / Advisory Board Bios

James Murphy
Co-Founder & CEO
Amount Raised : $1,023,781
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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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