Business Development & Fundraising Team Update February 22, 2019
Firstly, allow us to apologize for not being around to deliver these updates for the past two weeks. Over the past two weeks, we have been touring two multi-billion dollar, multinational beverage companies through our facilities. They’ve seen the work we’re doing in Quebec City, Point Claire, and Bellville. They have also seen our facility in Grimsby. One of them brought their master brewer to our facility – and he loved our beer. In both cases we are in continuing negotiations about a CAD $30 million investment. In one case the CEO and chairman of the board of the company are planning a trip here to see our facility. In the other case, the recommendation was made to the chairman to fully fund our business, but he came back with additional questions which we now must answer. Our Business Development and Fundraising Team is hard at work on next steps for these two opportunities. Aside from this potentially exciting news, below are our updates.
THIS WEEK’S UPDATE
We have attracted the interest of another multinational, multibillion dollar beverage company thanks to Leonard Meloff’s hard work. This marks the 10th potential strategic investor we are in discussions with.
We have more than $1.5 Million in the bank for our current Series B thanks to the hard work of Julia, Fran, Jessa and Andrew.
We have another $4 Million in commitments we are working to close.
We are in discussions with various banks about helping us close our funding round.
Lauren and Jessa are in Florida right now presenting at the Kahner Global Private Investment Summit
We will be in London on March 20th for a few days for investor meetings. Please let us know if there’s anyone we should be meeting at that time.
THINGS WE NEED HELP WITH
We are looking for a bank to help us close the round.We are looking for help with debt financing.