Spero CBD offering is now closed and is no longer accepting investments.
INVEST IN SPERO CBD TODAY!
Quality THC-free CBD
$1,069,676.11 Raised
REASONS TO INVEST
CBD is an emerging health product derived from a cannabis compound, that is gaining unprecedented rapid mainstream consumer adoption.
Why Spero CBD? Quality will win consumers – our product is whole plant, organically produced, THC free, designed and produced by the industry’s top scientists and laboratories.
The CBD market is expected to see exponential growth over the next 5-10 years with a forecast of $16 billion by 2025.
ABOUT
HEADQUARTERS
2418 Potter Street
Oakland, CA 94601
WEBSITE
View Site
Spero CBD provides the highest quality CBD for every lifestyle while ensuring a sustainable, community approach through product donations to those who need it most.
TEAM
David Allred
CEO and Founder
Tim Handley
Board Advisor and Founder
Justin Jarin
Non-Executive Director and Founder
Christine Gutleben
Non-Executive Director and Founder
Mike Van Der Heijden
Technology Director and Co-Founder
Lyndsey Jordan
Branding & Marketing and Co-Founder
Ashley Rocha
Creative Director and Co-Founder
Aline Garcia
Social Media & Content and Co-Founder
TERMS
Spero CBD
Overview
INTEREST RATE
8.0%
MATURITY DATE
May 1, 2021
VALUATION CAP
$6M
AMOUNT RAISED
$1,069,676.11
Breakdown
MIN INVESTMENT
$250
DISCOUNT RATE
20.0%
CONVERSION TRIGGER
$2,000,000
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
Non-Voting Common Stock
Company | : | Noble Naturals |
Corporate Address | : | 2418 Potter Street, Oakland, CA 94601 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $250.00 |
Terms
Offering Type | : | Convertible Promissory Notes |
Type of Equity Converted Into | : | Common Stock |
Conversion Trigger | : | $2,000,000.00 |
Maturity Date | : | May 01, 2021 |
Valuation Cap | : | $6,000,000.00 |
Discount Rate | : | 20.0% |
Annual Interest Rate | : | 8.0% |
What is a Convertible Note?
A convertible note offers you the right to receive Common Stock in Noble Naturals. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $2,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $6,000,000.00 Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying. You also receive 8.0% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below
Perks*
Perks offered to all crowdfunding investors based on investment value.
Discounts apply to retail pricing for all Spero products for company lifetime.
Investment of $250-$499, Investor receives 15% discount off retail
Investment of $500-$749, Investor receives 20% discount off retail and a 30ml tincture bottle of 500mg SperoCBD ($75 retail value)
Investment of $750-$999, Investor receives 30% discount off retail, a 30ml tincture bottle of 500mg SperoCBD and a 30ct package of 60mg Spero dog treats ($125 retail value)
In addition to the following perks, $1,000+ investors receive 40% discount off retail or 50% for orders over $3,000.
Investment of $1,000+, Investor receives a 30ml tincture bottle of 500mg SperoCBD, a 60ct jar of 600mg Spero gel caps and a 30ct package of Spero dog treats ($200 retail value)
Investment of $2,000+, Investor receives 6 of the following products in any combination: 30ml tincture bottle of 500mg SperoCBD; 60ct jar of 600mg Spero gel caps; 30ct package of Spero dog treats ($450 retail value)
Investment of $5000+, Investor receives 12 of the following products in any combination: 30ml tincture bottle of 500mg SperoCBD; 60ct jar of 600mg Spero gel caps; 30ct package of Spero dog treats ($900 retail value)
Investment of $10,000+, Investor receives 24 of the following products in any combination: 30ml tincture bottle of 500mg SperoCBD; 60ct jar of 600mg Spero gel caps; 30ct package of Spero dog treats ($1,800 retail value)
Investments at the $2k, $5k and $10k level receive 3 products every 3 months until fulfilled.
Investors must order products on SperoCBD.com and pay for shipping.
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
GroundSwell SPC will offer 10% additional bonus interest for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in StartEngine's own offerings.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. For example, if you invest in the first 24 hours, your annual interest rate will be 8.8% instead of 8.0%.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
ALL UPDATES
09.03.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Spero CBD 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 Spero CBD 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
08.28.20
Spero 100% Fully Subscribed. Waitlist available.
We are happy to announce we are fully subscribed.
The entire Spero team would like to thank all of our investors that have made this important milestone possible. Spero is now among the elite group of companies to have fully funded a Reg CF raise.
Although we are no longer able to accept investments at the moment, investments can still be reserved on the waitlist to replace any investments that fall off before the close of the campaign.
The waitlist goes in the order of registration and those that register earliest will have the first option to fill any available investments that may become available.
We encourage anyone that wanted to invest and was unable to before reaching the max raise amount to join the waitlist.
Stay Healthy,
The Spero Team
08.26.20
Spero at 98% Fully Subscribed
We are nearing full subscription with only $18,000 still available to max out our Reg CF raise on Start Engine.
Our inventory has arrived at our new drop shipping partner and is currently being checked into their system. It will still take them a few business days to finish the onboarding process and once that is done we just flick the go switch on our end. We have already integrated with their systems and expect to be shipping orders out with them this week.
We also have monthly subscriptions working on our staging site and will be pushing this live as soon as we run a few test orders through the new drop shipper to make sure everything is working seamlessly. We had to have some coding done to allow for us to offer special discounts to investors for monthly subscriptions and on the staging site everything appears to be working.
Updates to the rest of our sites pages are also moving along and we hope to have these live by the end of the week. This will have the rest of the site follow the new homepage design with better information flow and product pages. We believe this will improve the overall customer experience on the site.
Stay tuned for our monthly subscription announcement for investors coming very soon.
Stay healthy,
Spero
08.25.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Spero CBD 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 Spero CBD 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
08.19.20
Spero is now over 90% fully subscribed.
Hello,
A quick campaign update and progress for some of this month’s objectives.
We are very happy to announce that we are near to being fully subscribed on our Reg CF Raise.
We are currently at over $980,000 raised from over 1900 investors. Our maximum raise amount allowed for Reg CF is $1,070,000. This means we can only accommodate less than $90,000 more of investments and then our raise will be closed, and we will not be able to accept any more investments.
If you have been thinking about investing in Spero, now is great moment to do so before our Reg CF campaign is closed.
We recently closed a disbursement, which included investments closed up to Aug 3rd. We will be emailing all investors included in the disbursement directly for perk registration on Thursday.
Current site work and drop shipping updates:
- Website Version 1.1
Take a look at our updated homepage. www.sperocbd.com We just pushed this live today and there are still some minor tweaks that will be made over the next couple of days. One detail is that for some reason on Chrome, Firefox, and mobile browsers the old orange buttons are still appearing. We believe this is a cache issue within WP engine and should be fixed by tomorrow. It is best if you are able to view on Safari browser today.
The main goal was to clean up the homepage, improve our story and messaging, and push our brand ambassadors front and center. You will see them now highlighted on the homepage along with our James Blake video. We believe these changes will leave an impactful impression for users coming into contact with Spero for first time and give confidence in the brand.
We have amazing brand ambassadors and we will be starting PR campaigns with them soon.
We will be working on updating the remaining additional pages of the site for version 1.1 over the next two weeks. We will then continue our work on version 2.0, which is a complete overhaul of the look and feel for the Spero brand and site.
- Referral Codes and Loyalty Points
The referral program and loyalty points are in place and fully functional. We are just waiting to finish up the current web changes and have Ship Bob drop shipping in place before asking investors to start using them. This is because we want the best customer experience for anyone our investors refer to Spero. We believe this is going to be a big boost to Spero with over 1900 investors helping to market Spero, and everything we are working on at the moment is to make sure this referral push from our investors goes as smoothly as possible. We will be sending post ideas to all of you as soon the new shipping partner is in place. You will earn $10.00 in store credits for every new user that makes a purchase using your referral link. Some of you may never need to pay for your CBD again.
- Ship Bob Drop Shipping
We are nearing the last stages of switching over to Ship Bob. Our current inventory is being shipped to Ship Bob tomorrow by our current drop shipper. Once Ship Bob receives the inventory it takes them up to 5 business days to finish the final steps and begin shipping. Everything is already set up in their systems with inventory controls and we should be able to start shipping with them next week. This is a big change for Spero and we believe the short-term pain of switching to a more sophisticated shipping partner will pay off heavily in the long run.
- Monthly Subscriptions
The monthly subscription plugins are installed on the staging site and we are working on some coding changes before pushing this live. The coding changes are only needed to allow us to offer special pricing on monthly subscriptions to all of our investors while still allowing investors to use their perk discounts on normal purchases. We believe we will have this ready to push live next week.
- Email Capture
To increase email capture from site traffic we have added a popup (users can click to never see the popup again) offering a 25% discount coupon for signing up to our email list. They still also can subscribe at the bottom of the page and receive the same discount code. Mail Chimp instantly emails this code after subscription to the email list and it is good for one purchase only.
We still have a lot of work in front of us, but we are excited to see the momentum building.
Stay tuned for more updates soon.
Stay Healthy,
The Spero Team
08.06.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Spero CBD 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 Spero CBD 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
07.28.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Spero CBD 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 Spero CBD 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
07.09.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Spero CBD 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 Spero CBD 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
06.17.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Spero CBD 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 Spero CBD 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
06.09.20
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Spero CBD offering. Here's an excerpt describing the specifics of the change:
Extended length of campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
REWARDS
$250
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus. For details on the bonus, please see the Offering Summary section below.
$250
15% discount off retail
Investment of $250-$499, Investor receives 15% discount off retail.
$500
20% discount off retail + product
Investor receives 20% discount off retail and a 30ml tincture bottle of 500mg SperoCBD ($75 retail value)
$750
30% discount off retail + product
Investor receives 30% discount off retail, a 30ml tincture bottle of 500mg SperoCBD and a 30ct package of 60mg Spero dog treats ($125 retail value)
$1,000
40% discount off retail + product
Investor receives a 30ml tincture bottle of 500mg SperoCBD, a 60ct jar of 600mg Spero gel caps and a 30ct package of Spero dog treats ($200 retail value) plus 40% discount off retail or 50% for orders over $3k.
$2,000
6 SperoCBD products + 40% discount off retail
Investor receives 6 of the following products in any combination: 30ml tincture bottle of 500mg SperoCBD; 60ct jar of 600mg Spero gel caps; 30ct package of Spero dog treats ($450 retail value) plus 40% discount off retail or 50% for orders over $3k.
$5,000
12 SperoCBD products + 40% discount off retail
Investor receives 12 of the following products in any combination: 30ml tincture bottle of 500mg SperoCBD; 60ct jar of 600mg Spero gel caps; 30ct package of Spero dog treats ($900 retail value) plus 40% discount off retail or 50% for orders over $3k.
$10,000
24 SperoCBD products + 40% discount off retail
Investor receives 24 of the following products in any combination: 30ml tincture bottle of 500mg SperoCBD; 60ct jar of 600mg Spero gel caps; 30ct package of Spero dog treats ($1,800 retail value) + 40% discount off retail or 50% for orders over $3k.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
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.
