Radextractscbd | Application Preview
Rad Extracts CBD is seeking government grants to expand their business, specifically to support the distribution of their CBD honey sticks, which are now available in all Sprouts stores nationwide. They require funding to hire distributors and promote organic CBD products.
The business plan highlights the challenge of securing capital in the CBD sector and emphasizes the need for support in banking and marketing efforts. They aim to enhance their presence by employing a "boots on the ground" strategy to grow their customer base and cover the costs related to outside sales.
Rad Extracts has been in the CBD industry for seven years, focusing on high-quality, organic certified products through bulk manufacturing and private labeling for other businesses. Their recent success in nationwide distribution through Sprouts has created a need for further assistance in reaching consumers directly.
In terms of competition, they highlight key players such as Charlotte's Web, Larurus Naturals, and CBD RX, but assert their competitive advantage comes from their extensive experience and certifications. They are USDA Organic Certified, Kosher Certified, and US Hemp Authority Certified, which underscores their commitment to quality. They believe that with support from Colorado, they can effectively promote their products to a broader audience.
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General Information
Business Registration Number: MFE19400
Location: Colorado Springs, CO, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Rad Extracts CBD honey sticks are currently in all Sprouts stores nationwide. We need funding to hire distributors, to promote all things Organic CBD .
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Business Plan
Since funding is difficult in this sector, we need assistance in banking and promotion. Our business plan includes "boots on the ground to grow our base, and funding for higher costs of outside sales and distribution. We have been in the CBD space for 7 years, supplying the highest quality Organic certified CBD products by bulk manufacturing and private label, business to business. This year, we were able to get our honey sticks in all Sprouts stores nationwide, and now need assistance with distribution, business to consumer.
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Self Identified Competition
Charlotte's Web Larurus Naturals CBD RX Since we have been manufacturing for the largest innovators in this space for 7 years, we know quality, and have the certificates to prove it. We are USDA ORGANIC CERTIFIED,Kosher Certified, and US Hemp Authority Certified. Because we know our lane, we are able to supply CBD products wholesale to the consumer. We just need our great state of Colorado to help us get the word out!
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Contact Applicant
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