Honeydrop offering is now closed and is no longer accepting investments.
From the Bee To The Bottle
INVEST IN HONEYDROP TODAY!
REASONS TO INVEST
Honeydrop’s products are distributed & supported all across the New York tri-state area with the largest premium beverage distributor in the region as well as nationally with warehouse distributors.
Honeydrop is developing multiple innovative shelf-stable products across a number of new categories available to ship via eCommerce & set to launch over the next year.
Honeydrop has built a cult following of celebrity & socially influential fans who continue to organically support us & who we plan to work with across a number of new exciting marketing campaigns to promote brand awareness going forward.
ABOUT
22660 Pacific Coast Highway, Unit 103
Malibu, CA 90265
$17.27M
We make premium cold-pressed Lemonades made with a "drop" of Raw Honey while containing just 4g of sugar & 16 calories per bottle.
TEAM
Andrew Lorig
David Luks
Previously, David spent over eight years with PepsiCo where he developed marketing campaigns, launched new products, and managed the P&L for Pepsi, Diet Pepsi, Pepsi’s Energy Drink Portfolio, and SoBe Beverages
Prior to PepsiCo, David worked with ACNielsen, where he provided market research and consulted for such CPG clients as Colgate Palmolive, the Hain Food Group, and Revlon.
David currently works as an advisor for CPG brands in the supplement and plant protein spaces.
Jeremy Friedman
Board Director
Bill Davis
Board Director
Lane Cheek
Creative Director of Media Production, Board Director
Taylor Frost
Creative Director of Brand Development
Katie Durko
Advisor to Board of Directors
TERMS
Overview
Breakdown
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Honeydrop, Inc. |
Corporate Address | : | 22660 Pacific Coast Highway, Unit 103, Malibu, CA 90265 |
Offering Minimum | : | $9,999.50 |
Offering Maximum | : | $1,069,999.70 |
Minimum Investment Amount(per investor) | : | $249.90 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 14,285 |
Maximum Number of Shares Offered | : | 1,528,571 |
Price per Share | : | $0.70 |
Pre-Money Valuation | : | $17,269,896.00 |
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days
In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal shall not direct transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Investment Incentives and Bonuses*
Time-Based
Super Early Bird
Invest in the first 48 hours and receive 15% Bonus Shares.
Early Bird
Invest in the first week and receive 10% Bonus Shares.
Friends & Family
Invest in the first two weeks and receive 5% Bonus Shares.
Amount-Based
Tier 1 | $249
Receive a case of Honeydrop lemonade.
Tier 2 | $500
Receive a case of Honeydrop + a Honeydrop t-shirt.
Tier 3 | $1,000
Receive 10% off for life + a case of Honeydrop + a tye die t-shirt.
Tier 4 | $2,500
Receive 5% Bonus Shares + lower tier perks.
Tier 5 | $5,000
Receive 10% Bonus Shares + lower tier perks.
Tier 6 | $10,000
Receive 15% Bonus Shares + lower tier perks.
Tier 7 | $15,000
Receive 20% Bonus Shares + lower tier perks.
Tier 8 | $20,000
Receive 25% Bonus Shares + lower tier perks.
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Honeydrop, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.70 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $70. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
ALL UPDATES
11.27.21
TODAY IS YOUR LAST CHANCE TO INVEST!
TODAY IS YOUR LAST CHANCE TO INVEST IN HONEYDROP!
11.26.21
LAST CHANCE TO INVEST IN HONEYDROP
LAST CHANCE TO INVEST IN HONEYDROP!
-2021 online sales are up over 500% from last year.
-Honeydrop recently brought on Country Music Star Tyler Rich & actor, Sabina Gadecki Rich as investing partners and strategic advisors to the brand.
-Launched all new Lip Balm line infused with premium Manuka Honey.
-Launched with MacMahon Farms, a new distribution partner for the New York TriState area.
-Set to launch Wellness Shots infused with Manuka Honey Q1 2022.
-Partnered with a second co-packing facility to produce lemonades and shots on west coast which will minimize out of stock situations & cut down on shipping costs.
-Set to launch on Amazon Q1, 2022
Honeydrop is poised for massive growth and with your help we can scale up that much faster.
Check out the amazing incentives for joining the Honeydrop family and invest today!
11.24.21
3 DAYS LEFT TO INVEST
ONLY 3 DAYS LEFT TO INVEST IN HONEYDROP
11.19.21
2021 ONLINE SALES -BEST YEAR EVER!
Honeydrop’s 2021 online sales numbers are up 527% from this time last year and are now better than 2018, 2019 & 2020 combined!
1 Week LEFT TO INVEST IN HONEYDROP & JOIN US ON THIS AMAZING RIDE! 
11.12.21
Honeydrop, Inc. Announces Partnership With Country Music Star Tyler Rich & Actor Sabina Gadecki
Honeydrop, Inc. Announces Partnership with Country Music Star Tyler Rich & Actor Sabina Gadecki
Malibu, CA – November 8th, 2021 – For Immediate Release – Honeydrop, the original cold pressed lemonade company offering consumers the health benefits of raw honey, today announced a new partnership with country music star Tyler Rich and actor Sabina Gadecki. The two are joining the Honeydrop team as investing partners and strategic advisors, helping to grow brand awareness, innovate new products & promote brand initiatives.
Gadecki and Rich were introduced to Honeydrop in 2018 by longtime friend Lane Cheek, President of the Honeydrop Media Group and they became immediate fans of the products. This led to an exploration of how to work together to expand the Honeydrop brand across the entertainment media space. “I’m beyond thrilled to welcome Sabina & Tyler to Honeydrop and for the endless creative opportunities we can produce together. They are extremely talented & hard-working individuals who perfectly embody the fun & active spirit of the brand we are building. Getting to work with people I consider family is just the cherry on top,” said Cheek. The partnership comes at a time when Honeydrop is evolving into something new coming out of the pandemic - the company has expanded its internal team as well as introduced new categories in order to offer consumers even more ways to reap the amazing health benefits of raw domestic and manuka honey, including future beverage lines as well as topical beauty products and wellness supplements.
“For generations, active vocalists & entertainers have used the benefits of raw honey as a secret weapon to keep their voices strong and promote a healthy immune system. We are beyond grateful to have Sabina & Tyler as fans of the brand and for all the amazing insight & support they will provide as advisors to our team going forward.” said Honeydrop CEO Andrew Lorig. As strategic advisors in Honeydrop, Gadecki and Rich will be deeply involved in brand strategy and the expansion of the company to new markets, advising on product conception and the development of high impact experiential activations.
“We feel incredibly lucky to become partners in such an amazing company and even better people to create alongside. It’s rare you find a product as great as Honeydrop, that supports a cause beyond its own with every purchase. Animal rescue has always been a huge passion of ours so knowing Honeydrop helps save our bees is really important. Through our initiative “Rich Rescues”, we raise awareness of animals in need, with tour stops. So, now we can add bees to the list along all those dogs and cats! We are thrilled to be a part of Honeydrop!” Said Rich and Gadecki.
ABOUT SABINA GADECKI RICH & TYLER RICH:
Sabina Gadecki is an American actor and model who has had major recurring roles and appeared in TV shows such as L.A.’s Finest, Narcos, The Affair and House of Lies. She has also appeared in films like Entourage & False Positive. Sabina studied International Business & Communication at Fordham University while pursuing a career in modeling and acting in New York City. Tyler Rich is an American country music singer from California signed to Big Machine Record’s The Valory Music Co. His debut album TWO THOUSAND MILES features GOLD-certified “The Difference,” plus Tyler most recently released “Better Than You’re Used To” and “A Little Bit Of You” is out November 12. The couple was married, September 2019 at a Festival themed wedding in Tennessee, reminiscent of their initial meeting at Stagecoach.
ABOUT HONEYDROP, INC:
Honeydrop is an active lifestyle brand made with the highest quality ingredients with the goal of supporting your healthy lifestyle while trying to leave the planet a better place than how we found it. Honeydrop’s cold-pressed lemonades are never heated, made with just a drop of raw honey, and contain just 4g of sugar & 16 calories per bottle. Honeydrop has also recently launched a new line of Manuka Honey infused lip balms this fall with plans of more product expansions in coming months. Additionally, we support our most important friends, the honey bee, by providing a portion of proceeds from every product purchased to our friends at Honeylove.org to help SAVE THE BEES.
Learn more at www.honeydrop.com or email hello@honeydrop.com
Follow Us: http://www.facebook.com/Honeydropbev
Like Us: @Honeydrop
Watch Us: @honeydrop_inc
11.08.21
3 Reasons to Invest in Honeydrop.... with 3 Weeks Left!
1. Amazing new product lines set to launch which infuse the incredible benefits of honey into your active lifestyle.
2. Incredible team with decades of experience across food & beverage, consumer goods and entertainment production.
3. WE ARE DONATING A PORTION OF ALL PROCEEDS TO HONEYLOVE.ORG TO HELP SAVE THE BEES!!!
11.04.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Honeydrop has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Honeydrop be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
11.04.21
HONEYDROP TO SPONSOR THE MAMMOTH FILM FESTIVAL
Honeydrop is thrilled to be returning as Official Sponsors of the Mammoth Film Festival
Feb 3rd-6th
Mammoth Lakes, Ca
11.03.21
BeeCome An Investor Today - Explore Investor Perks & Join our Community!
BeeCome An Investor Today - Explore Investor Perks & Join our Community!
26 Days Left!!!
10.28.21
30 DAYS LEFT TO INVEST IN HONEYDROP!
30 DAYS LEFT TO INVEST IN HONEYDROP!!!
-Online Sales up 566% year to date.
-Just produced our largest production run.
-Manuka Honey Lip Balms launching Fall 2021.
-New Distribution Partners.
-Wellness Shots infused w/ Manuka Honey launching Winter 2022.
REWARDS
$249.00
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$249.00
Tier 1
Receive a case of Honeydrop lemonade.
$500.00
Tier 2
Receive a case of Honeydrop + Honeydrop t-shirt.
$1,000.00
Tier 3
Receive 10% off for life + a case of Honeydrop + tye die t-shirt.
$2,500.00
Tier 4
Receive 5% Bonus Shares + lower tier perks.
$5,000.00
Tier 5
Receive 10% Bonus Shares + lower tier perks.
$10,000.00
Tier 6
Receive 15% Bonus Shares + lower tier perks.
$15,000.00
Tier 7
Receive 20% Bonus Shares + lower tier perks.
$20,000.00
Tier 8
Receive 25% Bonus Shares + lower tier perks.
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
How much can I invest?
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
When will I receive my shares?
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
What will the return on my investment be?
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
Can I cancel my investment?
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
What is the difference between Regulation Crowdfunding and Regulation A+?
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
