Front Range Snacks successfully completed its $538,000 mezzanine offering which started last month. The non-brokered private placement was subscribed by four investors. One prior placement was closed by the company raising an estimated $1.7 million.
Front Range Snacks manufactures healthy flavored popcorn and specialized gourmet popcorn treats. The company is behind the Rocky Mountain Popcorn Company brand which was bought in 2007. Since then the company focused on marketing healthy and wholesome snacks which resulted in sales increasing twelve fold in five years. The company launched in 2013 “Poplets”, a crunchy toasted corn centers. The company also embraces sustainable business practices. The factory facility and headquarters are operated using 100% wind powered energy. In addition, the corrugated cardboard packaging used to ship all products is made in Colorado and complies with the sustainable forest initiative.
The company is headquartered in Centennial CO. Revenues between $1 and $5 million were reported by the company for the latest fiscal year. The executive team includes Timothy D. Bradley and Karen Bradley (CEO).
Status: Completed/Final close
Company: Front Range Snacks
Amount offered: $538,000
Amount placed: $538,000