Atlanta, Georgia-based 18.21 Drinks, the parent company of 18.21 Bitters, has launched a crowdfunding investment campaign while also anouncing an expansion of its range of drinks.
The investment campaign is being run by Republic and is the first time 18.21 Drinks has opened up for investment. Since launching in 2014, the company has bootstrapped its way to profitability year over year and its products are now available in 48 states and 6 countries.
The investment funds will help the company to scale production to meet growing demand both domestically and internationally, including an expansion into South America. Investors will receive perks such as gift certs, limited edition products, and virtual cocktail classes. Investments can be made for as little as $100.
For the next 18 to 24 months, the co-founders have three investment rounds planned: a Republic Crowd SAFE round, a priced round, and a Series A round.
Founded by 18.21 Bitters Founders Missy & Kristin Koefod, 18.21 Drinks manufacture, under the 1821 Bitters label, cocktail mixers and spiked seltzers and under the CNBS label is launching a range of cannabis beverages. There are three beverages planned for the initial CNBS launch – Balance, Social, and Creative.
As well, their Ginger Beer and Tonic carbonated drinks will be joined by Club Soda, Rose Elderflower, Coconut Lime, Yuzu Herb Tonic, Cucumber Lemon, and Italian Cola. Four of these will also be available in spiked alternatives.