Question 1

how do we make money if we invest now? also when or how long?

Accepted Answer

Hello Krishna. Thanks for your question. The way investors make money from investing in private companies is typically through an exit (acquisition) or IPO, typically over a 3-5 year time frame. Bud Love could make an attractive acquisition for a tobacco company that wants exposure to the cannabis industry without the legal complications. The attraction of investing in private companies is the potential for much better returns than investing in the stock market. Also have a look at this short...

Question 2

what are the profit margins on a bud love product, and cost per product? How many customers have shopped on bud love and are returning customers? How is bud love expanding in the marijuana industry in the next year to 5 years?

Accepted Answer

Hello Antonio. Bud Love products retail starting at $6.99 through to larger collectable tins at $34.99 (see www.budlove.com/shop for our products and pricing). Our mark-ups on gross sales depend on the channel used, with 75% for the master distributor channel, through to 400% for direct to consumer (web). In the brick and mortar, we have started by focusing on 2 states, Texas for smoke shops and Oklahoma for dispensaries. We are in more than 40 smoke shops in Texas already and over 30 dispens...

Question 3

It shows the round is oversubscribed. What happens if I try to invest and round remains oversubscribed? Or is the company thinking about increasing the amount you're raising given the oversubscription?

Accepted Answer

Hi Julian, yes don't worry you won't miss out on your investment. We will increase the round so everyone who wants to join will be able to

Question 4

When will the investment round close?

Accepted Answer

Hello, we will definitely keep it open through February but maybe longer - we can technically keep it open until April. We may do a first close in February if we are keeping it open for longer. Hope this helps.

Question 5

Interesting product. Would be easy to get mass distribution. But am I reading this correctly... $0 in revenue and close to $4M raised?

Accepted Answer

Thank you for the opportunity to clarify Daniel. The financials prepared for the Form CF were for the half year ended June 2022. Bud Love was launched in late September, so as at June naturally there were no revenues yet. Bud Love the product was developed over the course of a year and a half including blind studies and focus groups, not to speak of manufacturing and formulation development. A total of $1.9m was invested in the development of Bud Love ahead of the crowdfunding campaign. Bud L...

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