GET A PIECE OF OLA BREW
Make History with Hawai’i’s Fastest Growing Brewery
$1,979,049.53 Raised
REASONS TO INVEST
Compared to Maui Brew & Kona Brew, two of Hawai’i’s largest breweries, Ola Brew grew faster than both over our respective first 5 years of operations, with revenues to date of $27M & over $8.2M in 2022 alone.
Our spirit, Ola ʻŌkolehao, has won 13 international awards including Hawai’i Distillery of the year for 2023, and most notably Best In Class and Double Gold in the San Francisco World Spirits Competition!
Our spirits compete with Tequila/Mezcal and are made from a plant cousin to agave, but it grows 5 times as fast in Hawai'i. Agave-based spirits, including tequila, are the fastest growing category in the US.
Other Highlights
Since Our Last Raise...
*The above testimonial may not be representative of the opinions of other experts or experiences of other customers and is not a guarantee of future performance or success.
THE PITCH
Join our Ola Ohana
Since 2016, CROWDFUNDING has been woven into the DNA and foundation of Ola Brew. As a way to uplift our community and build a more circular economy, we prioritize creating equal investment opportunities for EVERYONE.
Ola Brew was amongst the FIRST breweries to crowdfund in the US. Our initial crowdfunding campaign successfully closed in May of 2017, just 5 months before our brewery opened in Kailua Kona, HI.
Ola Brew has raised over $3M through crowdfunding. We currently share our successes with over 2800 community and employee owners that motivate us to continue innovating and pushing the boundaries of the brewing and spirits industry.
The market
From Farm to Glass: Ōkolehao, the Next Rising Star in Distilled Spirits
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
The largest segment of alcohol sales in the US is now Distilled Spirits after 13 years of consecutive growth. In 2022, revenues in the US from agave-based spirits, which include tequila - grew over 17%, outpacing every other category. (Source)
Interestingly enough…the spirit we make is distilled from a plant cousin to Agavé.
It’s called ‘Ōkolehao and it’s made from the root of the ki plant. On our 40 acre oceanfront farm, we’ve already planted over 16,000 ki and are now planting 10,000 per month. Compared to agave which can take up to 6 years to mature, we harvest a commercially viable crop in less than a year!
THE opportunity
Why Ola?
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
Ola Brew’s Mission has always been to support the growth of Hawai’i’s agricultural economy. With our current product offerings we have sourced over $1.8M in Hawai’i grown agriculture since we opened our brewery in December of 2017.
As we grow, we aim to build our legacy by creating a demand for potentially the largest agricultural crop in Hawai’i by bringing our award-winning distilled spirit, Ola ‘Ōkolehao to the world stage.
Our spirit is winning awards internationally along-side premium tequilas in the most prestigious competitions. With ultra premium tequila revenues on the rise, and mezcals not far behind, the other agave spirits category is primed for innovation.
‘Ōkolehao is distilled from a plant cousin to agave that not only has cultural significance in Hawai’i, but also grows five times as fast and organically. But what does it taste like? You guessed it! A premium tequila! and with over 800 unique varietals of ki and numerous aging and distillation techniques, the flavor possibilities are endless.
ABOUT
HEADQUARTERS
74- 5598 Luhia St
Kailua Kona, HI 96740
WEBSITE
View Site
Hawaiian Ola Brewing Corporation (dba "Ola Brew") has a proven recipe for success in the beer industry, and now we are ready to take on distilled spirits. Our spirit, ‘Ōkolehao, competes with tequila/mezcal, join us in bringing Ola to your community and the world.
TEAM
Naehalani Breeland
Co-Founder, President, Director, Director of Marketing
Brett Jacobson
Co-Founder, CEO, Director
Yvette Miller
Secretary/Accountant
Constantin Heitcamp
Chief Science Advisor/ Quality Assurance Manager
Jeffrey Dela Cruz
Graphic Design
Buddy Ah Nee
Head Brewer
Roberto Saldua
Sales Manager
Christopher Sandy
Director
Richard White
Director
Paul Flessner
Director of Farm Operations
Kristopher Jacobson
Director of Operations
Ka'ikena Scanlan
Ki Farmer
TERMS
Ola Brew
Overview
PRICE PER SHARE
$3.50
DEADLINE
Oct 17, 2023
VALUATION
$36.67M
FUNDING GOAL
$15k - $5M
Breakdown
MIN INVESTMENT
$497
MAX INVESTMENT
$4,999,998.50
MIN NUMBER OF SHARES OFFERED
4,285
MAX NUMBER OF SHARES OFFERED
1,428,571
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class A Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
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
Investment Incentives & Bonuses*
Loyalty Bonus | 5% Bonus Shares
As you have previously invested in Hawaiian Ola Brewing Corporation, you are eligible for additional bonus shares
Time-Based Perks:
First to the Party
Invest within the first 72 hours and receive 10% bonus shares.
Still Got Time
Invest within the first week and receive 5% bonus shares.
Volume-Based Perks:
Bronze | $1,000+
Invest $1000 or more and receive INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, 50ml bottle of our first ‘Ōkolehao for $1**, ***
Silver | $5,000+
Invest $5,000 or more and receive exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and a 200mL of our first ‘Ōkolehao for $1**, ***
Gold | $10,000+
Invest $10,000 or more and receive an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and 750mL of ‘Ōkolehao for $1**, ***
Double Gold | $25,000+
Invest $25,000 or more and receive 5% bonus shares, an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at our in-person locations FOR LIFE, and 750mL of our first production ‘Ōkolehao for $1**, ***
Best in Class | $50,000+
Invest $50,000 or more, and receive 10% bonus shares, an invitation to an ‘Ōkolehao pairing*, an exclusive 'Ōkolehao Flask, INVESTOR CARD with 10% off at our in-person locations FOR LIFE, and 750mL of our first ‘Ōkolehao for $1**, ***
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
**At our ‘Ōkolehao Distillery upon opening!
***Investors must be over 21 in order to pick up perks!
The 10% StartEngine Owners' Bonus
Hawaiian Ola Brewing Corporation 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 $3.50 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $350. 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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the 5% Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
PRESS
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$497
Earn 10% Bonus Shares
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
$1,000
Bronze
Invest $1000 or more and receive INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, 50ml bottle of our first ‘Ōkolehao for $1**, ***
$5,000
Silver
Invest $5,000 or more and receive exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and a 200mL of our first ‘Ōkolehao for $1**, ***
$10,000
Gold
Invest $10,000 or more and receive an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and 750mL of ‘Ōkolehao for $1**, ***
$25,000
Double Gold
Invest $25,000 or more and receive 5% bonus shares, an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at our in-person locations FOR LIFE, and 750mL of our first production ‘Ōkolehao for $1**, ***
$50,000
Best in Class
Invest $50,000 or more, and receive 10% bonus shares, an invitation to an ‘Ōkolehao pairing*, an exclusive 'Ōkolehao Flask, INVESTOR CARD with 10% off at our in-person locations FOR LIFE, and 750mL of our first ‘Ōkolehao for $1**, ***
JOIN THE DISCUSSION
0/2500
David Amin
9 days ago
Still loosing money nothing proprietory either. At $36M can you explain why ?
1
0
James Bickel
17 days ago
Aloha! I had previously invested in Ola Brew (this round). After just returning from a trip to Kauai and drinking lots of Ola, I am thinking of increasing my investment. I was at the Bronze level, if I invest enough to put the total of both investments over $5000, would I be considered Silver? Mahalo!
1
0
David Peterson
18 days ago
Aloha - I invested through StartEngine a few weeks ago, but it still says "Funds Approved" and hasn't moved into the invested stage. StartEngine says their waiting on Ola to sweep the funds in and so was wondering how often you did that.
Mahalo
1
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Timothy Alvarez
22 days ago
Good morning, as a potential investor I have a few questions.
1) what is your ROI?
2) do you have any plans on adding a second location?
3) how are you able to distribute you product outside of Hawaii? Do you use another companies major distribution network like Coors or Budweiser?
4) how will you send out the discount card to those outside of Hawaii and have you considered making it a digital one? For example something I can download and add to apple wallet.
2
0
Matthew O’Malley
a month ago
Aloha! How & when are investor cards distributed to those of us that are eligible?
Mahalo
1
0
Theodore Selden
a month ago
Aloha Ola team,
I would like to know how and when the 10% card will be distributed. My Family goes to your Hilo Restaurant often enough for it to be a handy thing. So will we get like an Email to submit a Mailing address?
Thanks and Aloha,
- Tedd S.
1
0
Sherise Kana’e-Kane
a month ago
Yes, I did get the notice it was invested. Mahalo.
1
0
Carlos Chavez Bugarin
a month ago
When do we receive the Investor Card? When is the first production batch going to be ready?
1
0
Sherise Kana’e-Kane
a month ago
My investment says it’s 3 out of 4 steps from July. Can someone tell me what’s happening with that?
1
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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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.
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.
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.
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.
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.
Timothy Alvarez
9 days ago
2
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