Company Name: LuvBUDS, LLC
Company Website: http://www.shopluvbuds.com
Contact Name: BRETT HARRIS
Contact Email: Brett@luvBuds.co
What is your company's primary cannabis business?: Distribution
Does your company touch the plant?: No
Do you authorize us to provide the following (Pitch Deck) information to our Members?: Yes
Company's Bio (Pitch Deck): LuvBuds is among the nation's fastest growing distributor of non-THC/CBD product into the countries fast growing dispensary marketplace. We have been in business since 2015 and have grown along side the recreational cannabis market ever since. We had over 300% growth 20017/2018 and anticipate similar growth for the foreseeable future. We are currently selling into Colorado, Washington, Oregon, California, Arizona, Nevada, Oklahoma, Maryland, Massachusetts, Alaska, Illinois, and many other new states in the industry. We have several proprietary sales channels that we have exploited which has assisted in our growth and continued expansion into new markets. We stock around 600 SKU's and add brands and products on a regular basis. Due to our position in the industry and our 4 decades of import, product development, and OEM expertise, our custom business has grown tremendously over the past few months and our inline stock business breaks records nearly ever month.
C-Suite Bio's (Pitch Deck): The company was founded by Brett Harris and early on was sold to a publicly traded company. The company breached its agreements and LuvBuds was returned to its original founder. The company was run by a young president for over 1 1/2 years and he resigned at the end of 2016. Mr. Harris took controls of the company in February 2017 and drove the company to its new record breaking pace. Mr. Harris is an industry insider, born and raised in Colorado, he returned home in 2014 with his consulting business to develop business models intended to utilize his unique skills and experience in this newly formed and infant industry. Mr. Harris has been recognized by the Denver Business Journal as a 40 under 40 in 2009. He is a graduate of the University of Arizona with a BS in Marketing and Business administration. His career has spanned investment banking, import manager, sales manager, COO, and both a corporate and independent business consultant.
Growth Plan (Pitch Deck): The company has experienced significant growth over the past 15 months. 2018 sales were over 300% ahead of 2017, and as we begin 2019, the company has nearly eclipsed all of 2017 sales in just the 1st two months. We anticipate exponential growth the next 3 to 5 years.
Investment Opportunities (Pitch Deck) : LuvBuds is seeking convertible debt to be negotiated. The company can use upwards of $1.5m to secure a larger facility and invest in inventory, reduce overall costs of goods, and marketing initiatives.