Dust Cutter Beverage Co. raised $500,000 from four financial backers a week ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. Two previous unregistered financing rounds raised an estimated $450,000.
Dust Cutter Beverage Co. markets four varieties of all-natural, western-style lemonade, available in western state markets and online. Recipes include original, huckleberry, iced tea, and low calorie huckleberry. A twelve pack retails for $20.
The company was registered in 2013 and has its headquarters located in Jackson WY. Revenues on or below $1 million were reported by Dust Cutter Beverage Co..
The executive team includes Brad Davis and Eric Green.
The board of directors includes Bryan Vinyard.
The company has raised an estimated total of $950,000 via private unregistered security offerings.
Dust Cutter Beverage Co. is registered under the name Dust Cutter.
Company: Dust Cutter Beverage Co.
Amount offered: $500,000
Amount placed: $500,000
First sale: 06-04-2014
Data as of: 06-11-2014
Tahoe Spirits launched a $704,000 brokered equity offering based on information filed with the SEC. The subscription to the equity offering hasn’t started yet. The offering is structured to remain open until June 2015 or when the fundraising cap is reached, whichever one comes first. The private placement, excluding $156,000 to be paid toward officers’ salaries and $10,000 to be paid in placement fees, will bring in expected net proceeds of $538,000. This is the first time the company is filling a security offering under a registration exemption with the SEC.
Tahoe Spirits markets and develops a vodka blend called “Tahoe Blue Vodka” resulting from three fine and separately distilled vodkas made from grape, grain, and sugarcane to achieve maximum smoothness. A percentage of the proceeds are earmarked to help preserve Lake Tahoe.
The company, headquartered in South Lake Tahoe CA, is led by Matthew Levitt (President). Revenues on or below $1 million were reported by Tahoe Spirits.
The executive team includes Christopher Demay and Melody Levitt.
Company: Tahoe Spirits
Amount offered: $704,000
Data as of: 06-04-2014
Change: offered +0% / raised +145% / placed 41%
According to the information disclosed by All About Beer, subscription to its $600,000 equity issuance increased by 145%. An additional $145,000 worth of securities was placed by the company with two investors since the company last released data last January. This brings to $245,000 the amount raised from the four backers who subscribed to the offering. The subscription will close either once the offering is sold in full or next December, whichever one comes first. The company is filing for the first time a registration exemption with the SEC.
The company is the publisher of All About Beer Magazine. As its name indicates, the magazine is dedicated to covering the people, places, news, trends and events that define the beer community. Judging by the number of new micro-breweries raising money via unregistered securities and their popularity among locals, the magazine has an ever increasing pool of material to cover.
The company, headquartered in Cary NC, was registered in 2013. No revenues were reported by the company.
The executive team includes Christopher B Rice.
Status: Intermediary close
Company: All About Beer
Amount offered: $600,000
Amount placed: $245,000
First sale: 12-20-2013
Data as of: 05-12-2014
Change: offered +100% / raised +176% / placed 100%
Denver Pearl Brewing Company closed its unregistered equity offering after increasing the placement’s size by 100% to $900,000. The offer closed after the company raised $574,000 from four additional investors within four months. At closing, a total of twelve investors had subscribed to Denver Pearl Brewing Company’s offering. This was the first offering under regulation D filed by Denver Pearl Brewing Company.
The microbrewery and tasting room has scheduled its grand opening for June 7 2014. The brewery is located at 1875 South Pearl Street in Denver.
The company, headquartered in Denver CO, was registered in 2013. No revenues were reported by the company.
The executive team includes Randy R Rankin.
Company: Denver Pearl Brewing Company
Amount offered: $900,000
Amount placed: $900,000
First sale: 12-02-2013
Data as of: 04-24-2014
So far sixteen investors participated to Rooibee Red Tea Co‘s $2 million non-brokered financing round. Financial backers bought, a week ago, 48% of the offering or $951,000 worth of equity. The offering will remain open until March 2015 while an additional $1.05 million worth of securities is sold to investors. The equity offering’s expected net proceeds will amount to $1.97 million which excludes $30,000 to be paid toward officers’ salaries. Two previous unregistered financing rounds raised an estimated $1.86 million.
The company manufactures organic bottled tea. The company’s tea is made from naturally caffeine-free rooibos bush from South Africa. The product, which is low in tannins and high in antioxidants, is brewed, bottled and packaged in Louisville. The product is available at Whole Foods, Kroger and Giant Eagle stores. The company also launched a beverage for kids called Rooibee Roo.
The company, headquartered in Louisville KY, is led by Heather Howell (CEO). Revenues on or below $1 million were reported by Rooibee Red Tea Co.
The executive team includes Phoebe A Wood.
The board of directors includes Theodore Halstead Nixon.
The company has raised an estimated total of $2.81 million via private unregistered security offerings.
Status: First close
Company: Rooibee Red Tea Co
Amount offered: $2 million
Amount placed: $951,000
First sale: 03-31-2014
Data as of: 04-07-2014
According to information disclosed by Planet Blue Beverage, $60,000 was subscribed by one investor on March 20th 2014. Planet Blue Beverage capped the non-brokered equity financing at $500,000. An additional $440,000 in funding is to be raised until the offering draws to a close in March 2015. The equity offering’s estimated net proceeds will amount to $495,000 which excludes $5,000 to be paid toward officers’ salaries. The company is filing for the first time a security registration exemption with the SEC.
The company designed a sport drink called “Pro Motion” Thirst Quencher that has a lower sodium and higher potassium content than competitive drinks. The company plans on releasing six flavors including lemon-lime, fruit punch, orange, raspberry, grape fury and blueberry. The beverage is non-carbonated, fortified with Vitamins B3, B4, B5 and B7, and will be offered in full and zero calorie. According to the company’s website the drink uses high fructose corn syrup as its sweetener.
The company, headquartered in Granbury TX, is led by E Mike Flowers (President). No revenues were reported by the company.
The executive team includes George Michael Towery.
Status: First close
Company: Planet Blue Beverage
Amount offered: $500,000
Amount placed: $60,000
First sale: 03-20-2014
Data as of: 04-02-2014
A first close of $320,000 was initiated by Ambassador Vineyard (AKA Red Mountain Viticulture) on its $510,000 equity offering. So far twenty-four investors committed to the non-brokered placement which started a couple of months ago. $190,000 in additional funding can be raised before January 2015 based on the placement’s structure. The company is filing for the first time a security registration exemption with the SEC.
The winery produces 100% estate grown Washington state wines from its vineyard located on Red Mountain. The company’s 2010 Estate Cabernet Sauvignon won the double gold at the Seattle Wine Awards. The winery produces a variety of wine ranging from syrah and cabernet sauvignon to blends. The wine retails starting at $28 for a 75cl bottle of 2010 Estate Syrah.
The company is headquartered in Benton City WA. Red Mountain Viticulture elected to keep its revenues undisclosed.
The executive team includes Allison Engman, Jeff Smyth, Michael Amato and Michael Towers.
Status: First close
Company: Red Mountain Viticulture
Amount offered: $510,000
Amount placed: $320,000
First sale: 01-12-2014
Data as of: 03-24-2014
Based on information filed with the SEC, Mrs Erb’s Sustainable Foods reported the successful subscription and close of its non-brokered equity financing. One financial backer invested $100,000 almost two weeks ago. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is behind Chia Star a chia seed-based beverage that comes in various flavors such as Blackberry Lime Refresh, Peach Green Tea Fusion, Pineapple Honey Love and Lemon Berry Splash. The beverage is hand crafted and micro-batched in Vermont, adjustments are made with each batch until the flavor is perfected. All flavors of Chia Star are vegan, gluten free, non GMO, and certified organic. Most of the flavors use organic stevia leaf as sweetener.
The company, headquartered in Denville NJ, is led by Sara Erb (President). Mrs Erb’s Sustainable Foods elected to keep its revenues undisclosed.
The executive team includes Audrey Erb.
The board of directors includes David Walters, Gary Madia, Jason Pouncy and Wayne Erb.
Company: Mrs Erb’s Sustainable Foods
Amount offered: $100,000
Amount placed: $100,000
First sale: 03-05-2014
Data as of: 03-17-2014
Mojo Organics reported selling 83% or $835,000 of a new unregistered private offering. A total of eight investors subscribed on February 27th to the company’s $1 million non-brokered equity financing. Based on the offering’s structure, the company has until February 2015 to raise an extra $167,000. Two previous unregistered financing rounds raised an estimated $1.45 million. The company trades over the counter under the symbol “MOJO”.
The company develops, produces, markets and distributes “Chiquita Tropicals” fruit juice. The 100% fruit juice beverage is produced under a license agreement from Chiquita Brands. The beverage is made with Rainforest Alliance Certified fruits and has zero added sugar, no preservatives, is naturally low sodium, vegan, naturally gluten free, non-genetically modified, and kosher.
The company, headquartered in Jersey City NJ, is led by Glenn Simpson (CEO). Mojo Organics elected to keep its revenues undisclosed.
The board of directors includes Jeffrey A Devlin and Richard X Seet.
In a concurrent filing, Mojo Organics disclosed having raised $1 million in a fully subscribed offering.
The company has raised an estimated total of $3.29 million via private unregistered security offerings.
Status: First close
Company: Mojo Organics
Amount offered: $1 million
Amount placed: $835,000
First sale: 02-27-2014
Data as of: 03-14-2014
Change: offered +0% / raised +100% / placed 100%
Banded Horn Brewing Company initiated the final close of its $300,000 equity offering. A total of twenty-two investors participated to the subscription which garnered $300,000 in almost a year. The offering’s expected net proceeds amount to $250,000, excluding $50,000 earmarked for the payment of officers’ salaries. Unregistered securities don’t appear to have been filed previously with the SEC under regulation D. The company successfully raised $22,000 on Kickstarter in late 2013.
The craft brewery manufactures a variety of beers. Its year round release includes Bineary Double IPA, Pepperell Pilsner an unfiltered German pilsner, Veridian IPA and Norweald Stout a malty American stout. Its limited release includes The Mountain a Russian imperial stout. The company’s beers are too recent to communicate accurate ratings provided by the various beer rating websites.
The company, headquartered in Biddeford ME, was registered in 2013. Banded Horn Brewing Company kept its revenues undisclosed.
The executive team includes Ian Asher McConnell and Ron Graves (Founders).
Company: Banded Horn Brewing Company
Amount offered: $300,000
Amount placed: $300,000
First sale: 06-06-2013