Uncle Arnie’s has launched a Regulation CF equity crowdfund to allow brand loyalists and the public to purchase shares in the company.
The Regulation CF campaign was launched on SeedInvest on Dec. 12, 2022, and will be live until Jan. 27, 2023. SeedInvest is an equity crowdfunding platform with over 600k investors in its network. The company has raised over $350 million for startups since its launch in 2013. The strict criteria SeedInvest adheres to in deciding which companies make it on its platform helps establish trust, which results in successful fundraising and positive results for businesses and investors alike.
“We are the most highly-vetted platform. We are very particular about who we work with,” said SeedInvest CEO Ryan Feit. “We don’t fund ideas, and we don’t fund projects. We have raised from a half-million dollars to over $20 million, supporting everything from Seed through Series C.”
The cannabis beverage market is expected to grow at a compound annual growth rate of 54.31% to reach $7.9 billion in 2026. According to Headset, Uncle Arnie’s currently has a 30% estimated market share in the California high-dose cannabis beverage category.
Uncle Arnie’s was founded with the goal of creating an accessible and delicious cannabis beverage brand that appeals to a broad audience.
“We are excited about the growth potential for the cannabis beverage industry and the role that Uncle Arnie’s is playing in it,” said Theo Terris, CEO of Uncle Arnie’s. “With our strong brand identity and focus on innovation, we are well positioned to take advantage of this growth and become a major player in the cannabis beverage industry.”
Since its launch in May 2020, Uncle Arnie’s has sold over 1,000,000 units. On top of that, in the past year, revenue grew by over 200% year-over-year and is expected to continue growing by 100% in 2022.
Uncle Arnie’s controls four of the top five best-selling cannabis beverages in California, according to data from Headset. The company has also seen significant demand in the past month, with over 400 orders from top retailers in California and Oregon, including MedMen, Cookies, Stiiizy, Eaze, and Urbn Leaf.
In Q4 2022, Uncle Arnie’s expanded to Oregon and has signed expansion deals for Michigan (Q1 2023) and Nevada (Q2 2023). The company is also in negotiations for expansion in Colorado, Arizona and New Mexico in H2 2023.
As cannabis becomes more socially normalized and legal across the U.S., Uncle Arnie’s is well-positioned to be a leading national brand in the space.