{"data":{"type":"company_profile","id":11331,"entity_id":"wefunder:company:11331","attributes":{"canonical_url":"https://wefunder.com/eliotsnutbutters","generated_at":"2026-06-05T06:11:51Z","updated_at":"2026-06-05T05:00:04Z","entity_ids":{"company":"wefunder:company:11331","slug":"wefunder:company_slug:eliotsnutbutters"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-05T06:11:51Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-05T05:00:04Z","as_of":"2026-06-05T06:11:51Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-05T05:00:04Z","as_of":"2026-06-05T06:11:51Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-05T06:11:51Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-05T06:11:51Z","confidence":"medium"}}},"company":{"id":11331,"entity_id":"wefunder:company:11331","slug":"eliotsnutbutters","name":"Eliot’s Adult Nut Butters","tagline":"Savory, specialty nut butters for grown-ups","elevator_pitch":"We are a small batch, savory nut butter company delivering the most flavorful peanut butter you've ever had. We create high-quality, unique, and versatile nut butters that can be used not only in your classic PB\u0026amp;J but in your Asian stir-fry, your chicken glaze, homemade ice cream, and more. We're creating high-quality, chef-inspired nut butters that allow adults to indulge in a familiar food that also feeds their evolving tastes and demands.","location":"Portland, OR","website":"https://eliotsadultnutbutters.com/","total_amount_raised":88837,"total_investors":104,"is_funded":true,"is_active":true,"quality_score":2,"related_urls":["https://wefunder.com/eliotsnutbutters","https://eliotsadultnutbutters.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/11331/xxl_cropped_Michael_Glamour__shot_1.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/11331/large_cropped_621c697c58d1d30f647012760e740d38.jpeg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/11331/standard_cropped_Michael_Glamour__shot_1.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/11331/standard_cropped_Michael_Glamour__shot_1.jpg"},"links":{"company_url":"https://eliotsadultnutbutters.com/","twitter_url":"https://twitter.com/eliotsnutbutter"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"$1 billion peanut butter industry; 2/3 of all peanut butter is consumed by adults."},{"index":2,"claim_id":"claim-fact-2","value":"Winner of both the silver and bronze medals from the 2017 Specialty Food Association sofi awards in the nut and seed butter category."},{"index":3,"claim_id":"claim-fact-3","value":"Sales partners include Safeway, Amazon, World Market, and Whole Foods."},{"index":4,"claim_id":"claim-fact-4","value":"50% wholesale margins."},{"index":5,"claim_id":"claim-fact-5","value":"2017 sales up 87% year over year and projected to be up 120%."},{"index":6,"claim_id":"claim-fact-6","value":"Adding over 500 stores this year with brands like Fred Meyer, Albertsons, Fresh Market and Wegmans."}],"team":[{"id":60352,"entity_id":"wefunder:company_role:60352","user_entity_id":"wefunder:user:66933","role":"founder","name":"Michael Kanter","title":"CEO","bio":"Michael has extensive work experience in the food industry, from line cook to founding cook to produce specialist at Whole Foods.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/60352/square_cropped_eliot-rotated.jpg?1471897626","profile_url":"https://wefunder.com/michaelkanter","personal_url":"http://eliotsadultnutbutters.com","linkedin_url":"https://www.linkedin.com/in/eliotsadultnutbutters","related_urls":["https://wefunder.com/michaelkanter","http://eliotsadultnutbutters.com"]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":31,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":7198,"entity_id":"wefunder:fundraise:7198","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"revenue_share","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2017-09-05T23:45:03Z","funding_closed_at":"2017-11-22T19:51:54Z","auto_close_at":"2017-11-22T04:59:59Z"}],"latest_fundraise":{"id":7198,"entity_id":"wefunder:fundraise:7198","state":"successful","offering_type":"4(a)(6)","structure":"revenue_share","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2017-09-05T23:45:03Z","funding_closed_at":"2017-11-22T19:51:54Z","terms":{"eb":null,"nb":"1.5X","txt":"payback multiple"}},"recent_posts":[],"q_and_a":[{"id":207945,"entity_id":"wefunder:comment:207945","question":"Summer of 2022 now. Any updates?","author_name":"Mary Jasionowski","votes":1,"created_at":"2022-06-10T19:17:20Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-207945","answers":[]},{"id":183652,"entity_id":"wefunder:comment:183652","question":"HEY WHATS GOING ON WITH MY MONEY AND OTHER INVESTORS YOU NEVER ANSWER BACK!!!!","author_name":"Stanley. Evans","votes":1,"created_at":"2021-12-14T03:31:42Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-183652","answers":[]},{"id":163481,"entity_id":"wefunder:comment:163481","question":"Is there an ETA on 2020 financials and update?","author_name":"Michael Thome","votes":1,"created_at":"2021-08-14T16:01:50Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-163481","answers":[]},{"id":23591,"entity_id":"wefunder:comment:23591","question":"My question below has gone unanswered for nearly three months. Please advise on when we should expect the first payment.","author_name":"Justin Davis","votes":1,"created_at":"2018-07-05T13:24:56Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-23591","answers":[]},{"id":19849,"entity_id":"wefunder:comment:19849","question":"Hi Michael! I noticed the payment start date on my documentation is April 1, 2018. Just curious if that means payments are in the works right now based on January through March, or if the first payment will be sometime in July based on April through June? No rush as at all, I just like to know when to be on the lookout. From experience, some of my Wefunder emails get caught in spam and have been overlooked in the past. I would hate to miss a payment. Thanks, and hope things are going well! - Justin","author_name":"Justin Davis","votes":1,"created_at":"2018-04-13T17:22:58Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-19849","answers":[]},{"id":131705,"entity_id":"wefunder:comment:131705","question":"Verus International's deal for Eliot's Nut Butters rescinded https://www.just-food.com/news/verus-internationals-deal-for-eliots-nut-butters-rescinded_id145220.aspx","author_name":"Longkill Group LLC","votes":0,"created_at":"2021-02-20T14:54:24Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-131705","answers":[]},{"id":122680,"entity_id":"wefunder:comment:122680","question":"With the acquisition of Eliot’s by Verus last fall, is there a projected timeline for repaying investors?","author_name":"Joseph Held","votes":0,"created_at":"2021-01-02T06:18:14Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-122680","answers":[]},{"id":75839,"entity_id":"wefunder:comment:75839","question":"I invested in Elliot's $100.00. I would like to cash it in. How much is it worth now?","author_name":"Victoria V. MARTA","votes":0,"created_at":"2020-01-28T04:55:28Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-75839","answers":[]},{"id":67944,"entity_id":"wefunder:comment:67944","question":"HEY START PAYING UP YOU GUYS TOOK EVERYBODY MONEY SO YOU CAN GET STARTED , HOW PAY UP ON TIME!!!","author_name":"Stanley. Evans","votes":0,"created_at":"2019-11-05T06:29:36Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-67944","answers":[]},{"id":67866,"entity_id":"wefunder:comment:67866","question":"Hello Eliot, is there any update about payments and generally how the business is going?","author_name":"Anna Varvara Makra","votes":0,"created_at":"2019-11-04T13:53:42Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-67866","answers":[]},{"id":54907,"entity_id":"wefunder:comment:54907","question":"Over six months now... no payments and no communication.","author_name":"Justin Davis","votes":0,"created_at":"2019-06-10T20:36:27Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-54907","answers":[]},{"id":50523,"entity_id":"wefunder:comment:50523","question":"I believe distributions are scheduled every quarter. \u0026nbsp;It has been over 3 months since we received the first payment. \u0026nbsp;Please advise/provide an update.","author_name":"Justin Davis","votes":0,"created_at":"2019-04-20T14:11:18Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-50523","answers":[]},{"id":28630,"entity_id":"wefunder:comment:28630","question":"WERE THE HELL IS THE PEOPLE TO AANSWER MY QUESTION ABOUT PAYOUTS FOR THE INVESTORS SOMEBODY NEEDS TO SPEAK UP!!!","author_name":"Stanley. Evans","votes":0,"created_at":"2018-10-06T04:06:54Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-28630","answers":[]},{"id":28525,"entity_id":"wefunder:comment:28525","question":"HEY, WHAT THE HELL IS GOING ON WITH YOU GUYS NOT ANSWERING ABOUT PAY-OUTS SO WHATS UP WITH THE PAY-OUTS!!","author_name":"Stanley. Evans","votes":0,"created_at":"2018-10-04T17:59:48Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-28525","answers":[]},{"id":28354,"entity_id":"wefunder:comment:28354","question":"So what happens when the founder is non-responsive to investors' questions? I can find no other way to reach Michael Kanter who has not provided any updates or responses in a long time.","author_name":"Marcy Sacks","votes":0,"created_at":"2018-10-01T15:58:23Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-28354","answers":[]},{"id":28313,"entity_id":"wefunder:comment:28313","question":"My question has now gone unanswered for close to five months. I see others are curious now as well... Please advise.","author_name":"Justin Davis","votes":0,"created_at":"2018-09-30T15:31:28Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-28313","answers":[]},{"id":28218,"entity_id":"wefunder:comment:28218","question":"HEY MICHAEL, HOWS THINGS LISTEN WHEN ARE YOU GUYS GOING TO START PAY-OUTS?? THANK!","author_name":"Stanley. Evans","votes":0,"created_at":"2018-09-28T19:16:53Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-28218","answers":[]},{"id":28212,"entity_id":"wefunder:comment:28212","question":"Hi Michael - I'm an investor and am wondering how things are going (and when we might begin to see a return on our investments). Thanks.","author_name":"Marcy Sacks","votes":0,"created_at":"2018-09-28T15:53:08Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-28212","answers":[]},{"id":15414,"entity_id":"wefunder:comment:15414","question":"Hi Michael, could you double check your answer to a question below. I believe that your paperwork says that repayment starts in a year, but below you said it starts in the first full quarter after the raise closes. The reason I ask, and I know I keep asking similar questions, is that if repayment doesn't start for a year and you runway with this raise is a year, I am wondering what has to happen to get you to a zero burn rate by the time this money is exhausted. What kind of growth, etc. Thanks, and I promise this is the last runway question from me!","author_name":"Alan Jacobson","votes":0,"created_at":"2017-11-08T01:17:21Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-15414","answers":[{"id":15415,"entity_id":"wefunder:comment:15415","answer":"So I admitted thought our terms didn't start until after the first quarter but you aren't the first person to point out that the terms say one year. I intend to start paying sooner then a year but it's true that terms stipulate that I don't have to until a year out. Our capital will largely because spent to cover growth opportunities and to fuel our growth. We will necessarily need more money only because we're having success. We're modeled to survive without an exit but accelerating sales increases the likelihood of that possibility which will likely not be organic. It's honestly hard to say when exactly our burn rate will be zero. We have a number of opportunities with massive and small chains to create new revenue streams that will help get us get cash flow positive. Of the challenges ahead include front loaded costs to work with certain chains. There are chains where we may get into 700 or more locations but need to pay a 25k slotting fee. Those costs can and will be recouped over time but make it less certain when we're completely positive in cash flow. We clearly need to be 1 million in sales to start getting closer. I can't guarantee anything but I've run a pretty streamlined company that needs to make the capital expenditures to take leaps forward. I've found ways to keep the lights on and grow thusfar and I'm in it to win it so I'll find ways to make sure we are able to continue to grow. Not sure if that answer is satisfactory and happy to clarify further.","author_name":"Michael Kanter","votes":0,"created_at":"2017-11-08T01:32:37Z"}]},{"id":15246,"entity_id":"wefunder:comment:15246","question":"When will the perks / jars be shipped?","author_name":"Daniel Chan","votes":0,"created_at":"2017-11-02T07:00:44Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-15246","answers":[{"id":15274,"entity_id":"wefunder:comment:15274","answer":"Should be within two weeks of close and receipt of addresses.","author_name":"Michael Kanter","votes":0,"created_at":"2017-11-02T22:25:45Z"}]},{"id":15208,"entity_id":"wefunder:comment:15208","question":"Hello Michael, Congratulations on your campaign so far! I liked the design of your web site too. I have invested, but still haven't received confirmation from WeFunder. To explain shorty: another campaign that had invested in the previous months was cancelled, so asked WeFunder to transfer these funds to your campaign, instead of refunding them back on my bank account. They agreed, but still haven't received confirmation on my dashboard, after sending them several emails on this topic. I was wondering whether perhaps you can push a bit from your side too to finilize it. Thank you very much. Anna Varvara Makra.","author_name":"Anna Varvara Makra","votes":0,"created_at":"2017-10-31T22:51:54Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-15208","answers":[{"id":15240,"entity_id":"wefunder:comment:15240","answer":"Thanks for the support! I've reached out to my contacts to see what I can do to help expedite the process.","author_name":"Michael Kanter","votes":0,"created_at":"2017-11-01T22:07:33Z"}]},{"id":15194,"entity_id":"wefunder:comment:15194","question":"Any update on the goal above about getting into more Myers stores? Is the slow to max funding hurting your growth or expansion plans -- does this leave current investors \"in a loop\" so to speak?","author_name":"Arlen Mifflin","votes":0,"created_at":"2017-10-31T19:31:17Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-15194","answers":[{"id":15196,"entity_id":"wefunder:comment:15196","answer":"Thanks for the questions. We're hoping to get our Purchase Order from Fred Meyer soon. Stores often work on timescales that can be very frustrating. The big chains may only review a category once a year and if the stars don't align you may have to wait for the next review, even if they want to bring you in. I'm happy with what we've raised and we'll be closing it soon. Of course the more capital we raise the more I can do it with it to accelerate our growth. Whether we max out or end tomorrow, our growth will continue and plans will be put into action.","author_name":"Michael Kanter","votes":0,"created_at":"2017-10-31T19:41:48Z"}]},{"id":14690,"entity_id":"wefunder:comment:14690","question":"Hi, I like this idea. I have few questions. What is your production capacity right now? How easy is it for you to expand production to meet demand? What are the costs associated with expanding production? Also, what if other people use your concepts? flavorings like spicy thai, garam masala etc can be added to peanut butter by any one. Is there some sort of patent protection?","author_name":"Ravi Dronamraju","votes":0,"created_at":"2017-10-16T21:15:16Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-14690","answers":[{"id":14693,"entity_id":"wefunder:comment:14693","answer":"Thanks for the questions. Currently, without adding equipment other then staff, we can maximally produce a little over 1 million in inventory in a year if we produce 5 days a week for 50 weeks a year. However we are shifting to a co-packer which is an explicit part of the raise. The co-packer should make our capacity at no less then $5 million a year in inventory potential. The benefits of working with a co-packer is that increasing demand only costs us ordering more inventory rather then needing to invest in equipment and labor. There is very IP in food you'd need a proprietary production process which few foods can claim to have that. While we keep our recipes a secret, certainly someone can look at our label and attempt to copy the idea. However, we have our brand as what drives us ahead of competition. It takes time to build a brand and gain credibility in the marketplace. Also our brand positioning is actually very difficult to most current companies to replicate. There is no brand credibility for a company like Skippy or Jif to make Spicy Thai version of Jif. Similarly our competitors who do sweet flavors are boxed in as making sweet flavored nut butters. By positioning ourselves as savory, grown-up flavors we differentiate and almost create a new niche in the category. Eventually people will copy us(there is at least one flavor I've seen already) but that's a good sign if people copy as that means were a viable business with big sales potential.","author_name":"Michael Kanter","votes":0,"created_at":"2017-10-16T22:33:16Z"}]},{"id":14446,"entity_id":"wefunder:comment:14446","question":"How soon after the closing of this offering will the quarterly payments start (i.e. the first quarter after closing or one year from closing)? Thanks!","author_name":"Justin Davis","votes":0,"created_at":"2017-10-06T15:06:53Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-14446","answers":[{"id":14454,"entity_id":"wefunder:comment:14454","answer":"I believe it's the first full quarter after closing. Would love to utilize it and pay back as soon as we can","author_name":"Michael Kanter","votes":0,"created_at":"2017-10-06T17:40:55Z"}]},{"id":14015,"entity_id":"wefunder:comment:14015","question":"It appears they have stopped answering questions from a week ago!","author_name":"Arlen Mifflin","votes":0,"created_at":"2017-09-21T14:52:34Z","canonical_url":"https://wefunder.com/eliotsnutbutters#question-14015","answers":[{"id":14035,"entity_id":"wefunder:comment:14035","answer":"See below! Again apologies for the delay.","author_name":"Michael Kanter","votes":0,"created_at":"2017-09-21T18:37:44Z"}]}],"faq":[{"question":"Hi, I'm in, just invested and may do more. Your product sounds great and your numbers are quite reasonable (not a lot of debt, manageable losses, good growth). Quick questions: 1. What is your current agreement with the stores above, specifically Whole Foods, Safeway, and Nord...","answer":"Alan, Thank you for your investment and for the thoughtful questions. 1. Safeway is one of our biggest growth opportunities as we are currently trialing in about 100+ stores exclusively in the Pacific Northwest. We just started a couple months ago so its still very new though its been fun as we're getting more people posting on social media about discovering our company at Safeway. We actually are using a smaller distributor to fulfill these orders but we recently started working with KeHE wh..."},{"question":"Thanks for the answer Michael - I appreciate your transparency. I would suggest that you make sure the SEO of your website is strong since people are more likely to click on one of the first few listings on a search than an adwords ad. The consultants who do this also tend to ...","answer":"Sorry for the delayed response. I certainly agree about the importance of SEO. Working with Google and others will help us to drive quality traffic to our site. We'll likely work someone to optimize our Amazon sales which also will help drive traffic and sales. In terms of burn rate, I think this raise will enable us to run longer then 12 months due to newly attained lines of credit with my nut supplier and terms with most of other suppliers. This paired with the capital, our existing credit ..."},{"question":"Seems like a great product and good packaging! Could you provide rough estimate on if I invest $1000 - how long would it take for that $1500 to come back to me using 5% of revenue ?","answer":"Thanks for the interest and reaching out. I've run models that come out in the following bands. If we were to grow at annual rate of 20% it would take about 7 years to pay it back. If we grow at an annual rate of 60% it would take about three years. 60% growth may seem optimistic but the way industry works, we are going to start getting into more and more chains where we'll go from zero of their stores to 168. I have every reason to believe that by the end of 2018 we'll be in at least 1000 st..."},{"question":"Could you please lay out the use of proceeds at min and max? Did I miss that somewhere? Thanks!","answer":"Apologies for the delayed response. I found where laid it out which is in our Form C which you'd have to download and scroll through to find this important and relevant information. 50K Spend: 15k For Distributor and National Trade Shows. 15k to launch with co-packer. 10k to work with brokers/sales management team to increase reach and velocity. 10k for inventory and operational efficencies. 75k Spend: 10k Web optimization including running ad campaign designed by Google. 10k increase marketi..."},{"question":"In how many years you think 100% of investment will be paid off?","answer":"The band should be 3-7 years. If we're even more successful then anticipated it could be less then 2 years as its revenue based."}]}}}