While the world continues to adapt to the effects of COVID-19, for investors alike, there are few industries presenting opportunities for growth, innovation, sustainability, and cultural leadership. Thankfully, we believe the $300B a year, global adult beverage industry is one of the few industries positioned for continued growth and financial opportunity.
That being shared, here are some important updates, insights, and recaps for our community of investors, Members, and customers during the 1st and 2nd quarters of 2020.
The company is currently holding an internal share price of .29c, up from .20c from the first offering. This share price is set internally void of 3rd party valuation. Factors for the increase have been the company’s successful raise, the successful development of technology and platform, several high-profile media and event partnerships, and an overall proof of concept on the business and marketing model that the company now knows can be scaled presuming continued momentum by investors, Members and customers.
COVID-19 is affecting the company, both in negative and positive perspectives.