SoNo 1420 Artisan Distillers LLC

South Norwalk, CT 06854, US
Consumer Products
www.SoNo1420.com

Building the world's first federally legal, cannabis-infused alcoholic beverage brand.

SoNo 1420 operates the world's first distillery incorporating cannabis sativa (hemp) in all of its distilled spirits. We have distilled and barreled the equivalent of over 12,000 bottles of bourbon and rye with an estimated retail value of $500K.

* Revenue model: 1) On-premises retail sales from our 6,400 ft2 craft distillery and tourist destination located in South Norwalk, CT; 2) self-distribution to retailers, high-end bars, restaurants, tours, online and memberships; 3) wholesale via out-of-state distributors.

* Management team: Comprised of senior executives from the medical cannabis industry and Diagio, the world's largest distilled spirits producer.

* Exit: Targeting revenues of $5- 10 million in three to five years; sale price of $50-150 million; multiple of 10-15x sales.

Problem
In the US, 29 states plus DC have now legalized marijuana causing a decline in alcoholic beverage sales in those markets. Big Alcohol has taken notice and are now carefully examining the cannabis industry. Case in point: Constellation Brands recently paid $198MM for a 9.9% stake in Canopy Growth, a Canadian medical marijuana producer. (Price to sales multiple: 62x)

Solution
Unencumbered by the legacy businesses and regulatory shackles that burden Big Alcohol, SoNo 1420 has the freedom to push the cannabis-alcohol envelope. We have spent the last year building a portfolio of super premium spirits brands that do just that. So far we have produced an equivalent of 12,000 bottles of our 1420 Hemped Bourbon and 1420 Hemped Rye, first-of-their-kind whiskeys that use hemp seed in their mash bills worth more than $500K.. Complementing these aged spirits, we have crafted three gins, Sindica Bangtail, Sindica Midnight and Sindica Skysail, each made with a unique blend of flavorful and aromatic terpenes steam distilled from cannabis flowers. These cannabis-derived essential oils are combined with botanicals found in more tradition gins to create spirits unlike any others.

General Information

 
 
 
 
 
 

Social Links

Company Industry

Select Industry:

Company Description

0 / 250
 
0 / 2000
 

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue
Company Age Employees Sub-Industry
4 years, 8 months 2 Other Consumer Products

Company Financials

Viewable by EquityNet investors only

Company Age & Size

 
 

Products / Services

0 / 1000
Craft distilled bourbon, rye and gins

Two Whiskeys: 1420 Hemped Bourbon and 1420 Hemped Rye
SoNo 1420 is proud to be the first - and as far as we know - the only distillery in the world that has incorporated hemp seed into a whiskey mash bill. The result? Some of the best tasting - and arguably the most intriguing - whiskey ever. But don't just take our word for it. Try some for yourself.

Three Gins: Sindica Bangtail, Sindica Skysail, Sindic Midnight
All of our gins start with small batch, gluten free, neutral spirits that are vapor infused with a medley of botanicals including some steam distilled from the flower of the hemp plant. These botanicals are each specifically selected for the synergistic interaction of plant-produced terpenes (aroma and taste molecules found in the essential oils of plants) and the human body. But we of course, are also focused on taste. So, we've been told that not only do our gins make you feel good, but they also are some of the best tasting gins ever.

Management

0 / 1000
Chief Executive Officer
Ted Dumbauld

Ted Dumbauld invested in and led the turnaround as CEO of Curleaf, a cannabis cultivator/processors in CT. Most recently, he led the design, planning, construction and operation of a MD-based indoor cannabis cultivation and processing facility. He entered the cannabis business after a 20-plus year career in finance, business and as an officer on board a US Navy nuclear submarine. Ted has a BS in Systems Engineering from the US Naval Academy and an MBA from MIT.

Managing Director Marketing
Ami-Lynn Bakshi

Ami-Lynn joins SoNo 1420 with 20+ years of experience at Diageo PLC the British multinational alcoholic beverages company that is the world's largest producer of spirits with a portfolio of products that include Smirnoff (the world's best-selling vodka), Johnnie Walker (the world's best-selling blended Scotch whisky), Baileys (the world's best-selling liqueur), and Guinness (the world's best-selling stout). At Diageo, Ami-Lynn held a variety of positions including Vice President of Innovation, Vice President of Marketing – Tequila, Vice President of Marketing – North American Whiskey while establishing relationships with distributors and other alcoholic beverages companies. She recently left Diageo to start her own distilled spirits consulting company.

Ami-Lynn is a graduate of the San Diego State University, receiving a B.S. in Business Administration (Marketing) and a M.S. in Business Administration (Marketing and Entrepreneurship).

Investors / Lenders

Add investors/lenders that are already on EquityNet by typing their name and then selecting them from the drop-down.
Add investors/lenders that are not yet on EquityNet by typing their name, selecting "Add a New Investor", and filling in additional information.

Individual Investor
Beatrice Barbareschi

I’m a new investor and I’m mostly interested in BIPOC female led business and investment opportunities.

Funding

100%

Funding Goal$850,000

Funding Raised So Far$850,000

Funding Commitments$0

Funding Remaining$0

Funding TypeEquity

Pre-Money Valuation

Investor Ownership

Interest / Dividend

Previous Funding

General Funding

 
 
 
   

Showing your General Funding information publicly may constitute general solicitation. General solicitation is a new commonly-used way for companies to raise funding. To learn about general solicitation, consult your legal counsel. If you uncheck this box, your General Funding information will be viewable to only EquityNet investors.

Private Funding

Viewable by EquityNet investors only

Documents

Complete a Business Plan in EquityNet

Your EquityNet business plan is only viewable to capital providers and business supporters that you choose to share with in the “Crowdfund” or “Messages” tab. Investors prefer an EquityNet business plan. Entering a plan is highly educational and improves your appeal to investors.

Upload Documents

Document file names will be viewable by EquityNet investors and business supporters only. Actual documents are only viewable to capital providers and business supporters that you choose to share with in the “Crowdfund” or “Messages” tab.

Share Your Public Profile Page

Users who follow all these tips increase their fundraising odds substantially.

  • Email your public page to all your LinkedIn contacts.
    • Post your page to your LinkedIn profile page.
  • Email your public page to all your Facebook contacts.
    • Post your page to your Facebook profile page.
  • Email your public page to all your Twitter contacts.
    • Post your page to your Twitter profile page.
  • Put your public page up on your website.
    • Don't have a website yet? Use this page as your site!
  • Share your page link anywhere there's a listing for your company.
    • Press Releases, Crunchbase, Wikipedia, Blogs, etc...
  • Email your public page to all your email contacts.
    • Use Outlook, Gmail, Yahoo Mail, Hotmail, etc...

Your Public Profile Page:

Would you like to share your public profile page with your email contacts?