Flavrz Organic Beverages Closes Financial Commitment
Flavrz Organic Beverages LLC which recently purchased the assets of the number one selling organic drink mix for water, Flavrz Organic Drink Mixes, has closed a new $2.5 million financing commitment. Steve Baker, CFO of Flavrz Organic Beverages LLC, says “Flavrz is a great product whose prior growth was hampered by a lack of adequate funding. This initial commitment is a game-changer for the company. We have a number of very exciting strategic opportunities with very large retailers and a solid financial footing is very important to these types of relationships.”
The initial financing commitment is comprised of new equity and a drawdown working capital facility and has follow-on rights.
Says Valli Stavros-Baker-President, “We really did not know what we were getting into eight weeks ago when we got involved with Flavrz Organics. We loved the product and believed it could be successful, but we were not really sure what it would take to get from here to there. However, we have been pleasantly surprised by the number of incoming inquiries from major retailers since we got involved. Apparently Flavrz is a product that many retailers were aware of and have wanted to carry, but the company’s prior financial issues held them back from ordering. Removing financial concerns for these retailers was the motivating factor for us in securing this financing commitment. The next step is to go back and partner up with a select number of these retailers and increase availability of Flavrz to consumers.”
Flavrz Organic Drink Mix is available in sixteen ounce bottles for home use and one ounce Flavrz2Go pouches for convenience on the go.
Fruit Flavrz – Cherry Berry, Lemon-Lime and Tropical – Bottle and Pouches
Soda Flavrz – Cola, Root Beer and Ginger Ale – Bottles only
Functionals – Energy, Immunity and Sports Revive with electrolytes – Pouches only