Bud Love

Leading the CANNABIS MIXER revolution!

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Security Type
Convertible Note
Categories
Retail, Alcohol, Consumer Goods & Products, Healthcare & Medical, Community & Lifestyle, Health & Fitness
Min Investment
$250
Location
San Diego, CA
Expected Close Date
April 30, 2024
Target Raise
$50.00K-$1.24M
No. Investors
221
Security Price
$1
Website
budlove.com
Number of Employees
6
Cash
$1,583,473
Revenue
$42,117
Short Term Debt
$1,916,588
Cost of Goods
$24,239
Long Term Debt
$1,550,000
Net Income
$-1,764,890

Key Deal Facts

🗝️ Team with decades in innovative technology and scaling businesses from 0-to-1, IPOs & exits
🥇 Early-mover advantage with a category-defining product and a defensible competitive position
🐳 Cannabis is a young, $400 billion global market, and Bud Love fits this entire user base
🚫 NO legal hold-ups. 0% of the difficulties of a cannabis business
💰 The product is entering the market right NOW, w/ gross margin >75% | revenue target of $100M in 2026 (not guaranteed)
💕 Satisfies consumers’ unmet needs - studies show 8/10 consumers preferred cannabis with Bud Love

Management Team / Advisory Board Bios

Roy Lipski CEOEntrepreneur with >25 yrs. experience building companies, including IPOs and acquisitions. Grew small start-up into $500 million company. Ran a public company for close to 10 yrs., Shuchi Sarkar CMOGlobal Marketing Executive for Fortune 500 Brands & Start-ups including HP | Forbes Communications Council | Tech, BioTech, SaaS, B2B/B2C Performance Marketing, Andrew Falconer VP of Commercial DevelopmentSenior sales & BD positions in cannabis for >8 yrs including at Pharmacann, Trucenta, Bellrock Brands, Silverpeak Farms and Americanna. Opened up multiple new states for Mary’s Medicinals., Alastair James COOBreadth of experience from start-ups to large multinationals. COO/Managing Director at UniCredit.
Cambridge University undergraduate; Columbia MBA., Dan Hawksley Fractional CFO Experienced CFO with accountancy and science background. Formerly CFO of GAM’s systematic hedge fund business. 5 yrs. at Deloitte.
Amount Raised : $2,002,128
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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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