Business Development & Fundraising Team Update June 22, 2018

 
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THIS WEEK’S UPDATE

  • Continued to raise Series A, with great traction from both individuals and investment banks
  • Signed an engagement letter with Paradigm Capital, an investment bank, to lead the going public process.
  • Presented in DC Finance event in London and received tremendous interest from local investors
  • Began due diligence with a large LP, that has shown interest in joining the Series A round
  • Working on our license in Greece
  • Talking with Provincial Government for financial grants to support Province’s new brewery

LOOKING FORWARD

  • Follow up with all of the potential partners and investors we met in London and Israel.
  • Two funds we met in Tel Aviv and London have asked to start a due diligence process before investing. We are now in the process of talking with three large investors.
  • Started conversations with few breweries\LPs regarding co-packing and white labeling
  • Talking with potential breweries to co-pack our Cambridge Bay, and have it in the stores by the end of the year
  • After signing a lead investment bank, we will now focus on building our syndicate for the going public round.
  • Continue discussions with one of the Big Five banks for potential collaboration
  • Continue raising Series A

THINGS WE NEED HELP WITH

  • We are working on the white label and co-packing deals. Would be great to receive more leads, as well as support from investors with experience in such deals.