Posts in All
Dooma Wendschuh Founders Update December 7, 2018
 
blob
 

This week we made substantial progress on licensure. I am really proud of Jennifer Thomas and the entire legal department for obtaining the requisite licenses needed for our business.

We have been continuing discussions with some perspective licensed producer partners and strategic investor partners. We are also making some new hires. We received a positive response from a gentleman to become our COO. Look for more information on him in the coming weeks. We are still looking for someone to fill the role as president, so please let us know if you have any suggestions. 

Dooma Wendschuh Founders Update November 30, 2018
 
dfounder.jpg
 

This week we had a massive scare when DME, the brewing equipment manufacturer we ordered our brewing equipment from, went into receivership. DME is the largest manufacturer of brewing equipment in Canada and one of the largest in the world. It looked for a while like we would lose our deposit as many others have who had deposits on equipment with the firm. It was a six figure deposit. Thanks to Greg's quick thinking and Jennifer's hard work, we were able to make a deal to still get our equipment - and to get it for a small fraction of what we would have paid had they not gone into receivership. It will be a challenge to maintain the equipment if DME does not get purchased out of receivership and stay in business, but we will find a way. I was really proud of the way our team handled this. Hopefully nothing like this happens again but I'm confident that we'll know how to react if it does.

Dooma Wendschuh Founders Update November 23, 2018
 
dfounder.jpg
 

This week we have been hard at work on a proposal for the sports beer project. This was submitted and we're awaiting a response. Fundraising efforts continue and we have been approached about a merger with a Nasdaq listed company. We are looking forward to receiving more details about the merger opportunity. We have made an offer to a new senior team member and we're awaiting response.

The Product Team continues to make great strides, and Rob will be completing the process and flavour iterations we've been working on in a few weeks. This means we'll have lots of beers to give away as samples again. It's been a really long time since we've been able to give out samples. These should be a substantial improvement over our previous sample batches. We're very excited about that.

I wanted to share an interesting report I was sent on the beverage sector from Berenberg. Please view it here: Berenberg Beverage Sector Report

Dooma Wendschuh Founders Update November 16, 2018
 
dfounder.jpg
 

This week we have been following up with numerous prospective investors as we've been marching forward on closing our $30 Million round. It is unfortunately taking longer than we had anticipated to close, but we are making good progress and expect to have it in the bag soon.

On another interesting note, we were approached by a major global health and wellness brand about making a "sports beer" - basically a nonalcoholic beer with non-psychoactive phytocannabinoids and other compounds which could be used pre-workout or after a workout. We are preparing our proposal for them and should have something for them soon to continue the discussions.

We completed our floor plans for the building in Grimsby, and we have submitted them to David Hyde to complete the security plan so that we can obtain our licensure.

We also are honoured to welcome two new team members to our team. Jessa Fitzpatrick is our new development coordinator and Steven Brencur will act as our new project manager.

Oscar J-T Holm Founders Update November 16, 2018
 
 

Lots of work are going on in the Marketing Team. We are now working on the final bits of our first large can production for our upcoming 7% ABV imperial pilsner, Cambridge Bay. There has also been quite a lot of meetings with new potential partners as well as interviews with potential hires for different roles within Province Brands.

Oscar Holm, AllDooma Wendschuh
Dooma Wendschuh Founders Update November 9, 2018
 
dfounder.jpg
 

A major focus over the past several months has been hiring. Now that we have Marija Desnoyers on our team as our head of HR, we have made some great progress and really rounded out our team. However, we are still struggling to close some of our most important roles. We've been looking for a president for quite a long time. Someone who has experience and expertise in entrepreneurial ventures and who knows how to start and run companies. Someone who has successfully raised substantial funding for past businesses and who understands capital markets, investor relations, and knows how to manage and run a team. We're also looking for support in our Business Development and Fundraising Team. If you know anyone who might be suitable for either of these positions, please let me know.

In other news, this week the company made some great progress on our production trials, and our new engineer, Colin, made substantial headway in planning the production systems we need for the brewery. We also received some of the equipment we have ordered for our facility.

Oscar J-T Holm Founders Update November 9, 2018
 
 

This week I have been in Canada and focused on fundraising. The week started with the DC Finance Investment Summit followed by a 48 hour due diligence trip to all our test facilities in Quebec, Montreal, Loyalist Collage, our new building in Grimsby, and finally to finish off in Toronto.

Oscar Holm, AllDooma Wendschuh
Dooma Wendschuh Founders Update November 2, 2018
 
dfounder.jpg
 

We’re still working on raising our Series B funds. This week we participated in the Hong Kong Cannabis Investor Symposium as well as the DC Finance even in Toronto. In addition, part of our team met with some promising prospects in Kuwait.  

Another prime focus for this past week has been preparation for a major institutional investor who will be visiting Canada to tour our facilities, lab, and office. All of our departments have been working diligently to make sure that everything runs smoothly and successfully. 

Lastly, we were very excited to send out our press release regarding our alcohol product, Cambridge Bay. You can read it here

Dooma Wendschuh Founders Update October 26, 2018
 
dfounder.jpg
 

I've been on the roadshow this week. Since we started this roadshow three weeks ago, Elad has been in Japan, Phnom Penh, and Geneva (with Oscar as well), and, I've been in London, New York Montreal, Toronto, Vancouver, Singapore, Phnom Penh, Dubai, Hamburg, Istanbul, London (again) and Hong Kong. We've met with some interesting institutions, high net worth individuals and family offices. We've also met with several major alcohol companies. One in particular seems very interested in working with us.

Leaving that meeting I was so proud of what our team at Province has accomplished and could not believe that after just two years we've come to the place where we can attract serious interest and elicit serious discussions from one of the world's top global adult beverage brands. That is something we can be proud of.

The round may be coming together a bit slower than we had hoped, but at least it's coming together and in a market like we've seen lately (cannabis stocks are plummeting following Canada's legalization - you know what they say buy on rumor and sell on news) that's also something to be proud of.

Dooma Wendschuh Founders Update October 19, 2018
 
dfounder.jpg
 

We’re continuing our efforts to raise money for Series B. There is a lot of interest from around the world - I’ll be traveling to Dubai, Germany, and Japan in the next few weeks - but it is likely that we will be extending the round a bit in order to meet our goal.

We’ve got exiting news regarding our future brewing facility in Grimsby: We’ve moved in! The offices are up and running and Toronto team has begun working there. We’re also approved for demolition, so the construction of our lab and brewery can get started soon.

Jennifer Dianne Thomas Founders Update October 19, 2018
 
jennifer.jpg
 

This week as been pretty amazing. I think team morale is higher than ever. Part of this is because we are nearing the end of the year and folks are starting to look back and see the list of things we have accomplished this year. The legal and finance team has a goal chart and when we initially started listing our goals for the year. At first they seemed insurmountable, but now that we are in Q4 I am reviewing with each member of the team the things that they need to do to make it to the final stretch. The list of outstanding items is shorter than even I expected. I guess this is proof that when set the bar high and dream big things can really come together. It is also a sign that next year we need to set our goals even higher to achieve even more.

Dooma Wendschuh Founders Update October 12, 2018
 
dfounder.jpg
 

This week is week two of of what has turned into a three week roadshow for our current round. The response seems to have been very strong, and we are excited to hopefully wrap the round up soon. Next week Elad and I will be in Singapore (Tuesday); Phnom Penh, Cambodia (Wednesday); and Tokyo, Japan (Thursday and Friday). If there are any prospective investors in any of those cities you think we should meet please send their information our way.

Also, we have some new team members starting this week. Marija Desnoyers is our new human resources manager. We’re so happy to have her on board and know that her expertise will help us to make more great hires. We also welcome Masa Song, who will be our new marketing intern. Look for her Team Spotlight next week.

Oscar J-T Holm Founders Update October 12, 2018
 
 

This week we have started to interview new PR companies as we need a larger international agency that can handle the following tasks; brand building, corporate, and investor relationships.

We have also started to work on a budget and hiring plan for the Marketing Team for 2019.

Oscar Holm, AllDooma Wendschuh
Dooma Wendschuh Founders Update October 5, 2018
 
dfounder.jpg
 

Our roadshow continued this week as I spent time in both New York and Vancouver. I have had many promising meetings and found that there is a lot of interest in our Series B round. We will continue on the road for the next two weeks, visiting Singapore, Japan, and Cambodia. If you have any suggestions for people that we should meet with, please let us know.

Jennifer Dianne Thomas Founders Update October 5, 2018
 
jennifer.jpg
 

Please remember that our upcoming Annual General Meeting will be held on October 11, 2018 @ 2:00pm EST at the offices of Bennett Jones at One First Canadian Place, Suite 3400, Toronto, ON M5X 1A4.

On September 20th, you would have received an email from ‘Shareholder Communications’ (AST) asking for your vote on certain corporate matters (Subject Line: HONEST INC. ANNUAL & SPECIAL MEETING OF SECURITY HOLDERS). Please be advised, that voting via this online platform closed on October 9th, 2018 at 2:00pm EST. You will now be required to place your vote on the meeting date either in person or via our real-time virtual platform.

We look forward to receiving your votes and gaining your input and insight at the meeting.

Stay tuned for information on how to attend the AGM via a virtual platform!