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Stock impact report

Mead RTD firm Lixir eyes expansion with fundraising [Yahoo! Finance]

Sprouts Farmers Market, Inc. (SFM) 
NASDAQ:AMEX Investor Relations: investors.sprouts.com
Company Research Source: Yahoo! Finance
The California-based business, which launched its first products earlier this year, is looking to raise $1.2m with plans to expand its geographic presence. Collin McKenna, Lixir's founder, told Just Drinks the company had already attracted $570,000 from “notable investors” that include Suja founder Jeff Church, Sprouts Farmers Market CEO Jack Sinclair and BrewDog founder James Watt. “We began testing the product in select retailers this past April and received overwhelmingly positive feedback. This momentum helped us secure initial investors and advisors to scale inventory and expand into new markets,” McKenna said. “We're now raising additional capital to continue fuelling growth. Our plans include expanding outside southern California in the next six months with exciting new partnerships.” Lixir has launched its fundraising push on Wefunder. McKenna said interested parties could invest in the business “on exactly the same terms” as the angel investors. McKenna, who plans Show less Read more
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