Consumer Products Company

SoNo 1420 Artisan Distillers LLC

100%

Funding Goal $850,000
Funding Raised So Far $850,000
Funding Commitments $0
Funding Remaining $0
Funding Type Common Equity
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Company Overview

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.

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Business Summary

Company Age 7 years
Employees 10
Sub-Industry Other Consumer Products
Prior Year Revenue
Current Year Revenue
Next Year Revenue

Products/Services

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

Ted Dumbauld
Chief Executive Officer
Ted D......

Ted D...... 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.

Ami-Lynn Bakshi
Managing Director Marketing
Ami-Lynn B......

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

Individual Investor
Beatrice Barbareschi

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

Amount
Investment Type
Investment Round
Investment Date

100%

Funding Goal $850,000
Funding Raised So Far $850,000
Funding Commitments $0
Funding Remaining $0
Funding Type Common Equity
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Documents

Contact

SoNo 1420 Artisan Distillers LLC

South Norwalk, CT 06854, US

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