CBD Sparkling Water Company Infuzed Brands Intends to Raise $28M in Reg A+ Launch
Infuzed Brands, a popular CBD sparkling water start-up, launched its Reg A+ funding round this week, seeking $28M+ in private placement crowd funding from the general public.
This new funding round follows a successful Reg D round wherein the company raised approximately $2M privately among a group of private, accredited investors. The Reg A+ offering is open to the general public and not just accredited investors.
The offering is set at $0.40 USD per Unit. Each Unit consists of one common share and one half warrant. Each warrant is exercisable into one common share for a period of 2 months from the closing date. The warrants are exercisable at $0.60 USD each.
Infuzed Brands launched its CBD sparkling water product, "Infuzed THIRST" in July 2019, and has since rapidly grown to selling in over 200 retail locations in addition to its online platform on www.infuzedbrands.com.
"The appeal of Infuzed THIRST is in its clean and simple flavor profile and beautiful packaging design," says Jigme Love, President and Founder of Infuzed Brands. "Our retailers tell us it's their fastest-selling CBD water based on its shelf-appeal alone."
"Our strategy is to focus on wellness, customer care, and brand, while keeping a low overhead and nimble corporate structure. We are overjoyed with our initial popularity on social media and with celebrities, and we received a huge boost in regard earlier this year when we snagged a coveted spot in the Oscar gift bags," says Love.
The hemp-derived CBD market is still in its infancy and is expected to grow to over $22B by 2022, according to Brightfield Group, and Business Insider expects the US market for CBD beverages to reach $600M by 2022.
Proceeds from Infuzed Brands' Reg A+ funding round will be put towards marketing, sales, strategic supply chain partnerships, and securing additional distribution channels.
"Given the current drastic fluctuations we are seeing in the public markets, investors are strategically looking for private investment opportunities such as ours in order to avoid volatility," says Ms. Love. "Previously only accessible to accredited, high net worth individuals, we are excited to offer this new, ground-floor investment opportunity to the general public."
About Infuzed Brands
Infuzed Brands is a CBD-infused beverage company that is committed to health and wellness, the way nature intended. The company's entire line of functional health beverages contain zero sugar, zero calories, all natural flavors, and CBD – the non-psychoactive ingredient from the hemp plant, which is being widely used and researched for its many healing properties.
Learn more about Infuzed Brands at www.infuzedbrands.com and the investment opportunity at www.investinfuzed.com.
Disclaimer - Forward Looking Statements
This press release contains forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in forward-looking statements.