Introduction
Sazi Foods develops and markets hemp seed-based food to people who are looking for delicious, plant-based alternatives to conventional meals. Sazi's consumers care about what they eat, care about the environment and would appreciate a brand that takes its responsibility seriously. Sazi aims to use its well-packaged and delicious foods and beverages as a voice to increase awareness of hemp — the world’s window to climate solutions.
Problem
The Problem is consumer perception of plant-based food — that it doesn't taste good. Nor does the mainstream consumer understand the urgency of tempering a conventional diet with more plant-based options.
The Sazi team has a long history of culinary excellence. It has the product development ability to make healthy, packaged foods taste unexpectedly good — balancing taste and nutritional impact. It also has the marketing originality to attract and engage consumers.
In order to celebrate the versatile hemp plant, R&D, merchandising and marketing ingenuity are essential. Hemp itself, helps: it is a delicious, protein- and fiber-rich ingredient, and a regenerative, environmental powerhouse. A mighty combination.
The impact of the 2018 Farm Bill has primarily resulted in a CBD-focused culture, offering medicinal options for pain, anxiety and sleep; and for building materials. Clearly there is a need in both industries. Sazi, however, is focusing on the opportunities to improve the food we eat and how we source it.
Plant-based food can be perceived as medicine, not appealing to a wide audience. In order to inform consumers, and effect change, Sazi’s hemp seed-based foods must aim to become mainstream with familiar offerings. And, of course, taste delicious.
Solution
Sazi Foods is a gamechanger. It brings something new to the plant-based food category — a broad line of delicious, protein-rich, fiber-filled foods made with hemp seeds.
Sazi’s product development is led by an award-winning food innovator and businesswoman whose palate has been trained by world-famous chefs. Lisa Newmann has commercialized “real food that tastes good” for decades and is applying her culinary and business knowledge to the new hemp economy.
Sazi is launching operations with a proprietary digital platform designed by seasoned marketing professionals. The uniquely qualified Sazi team has had years of success in the food industry bringing products to life.
Business Model
Our plan is to start with an e-commerce model and food truck-only business, delaying grocery retail marketing until strong brand awareness is generated. Given the pandemic, we believe it’s the most practical and consumer-friendly approach to accelerating sales and building the Sazi brand.
Education & KPIs: The important indicators are cost per transaction, order value per transaction (the relationship between the two), the conversion rate, re-order rate and estimated lifetime value of consumers. Then, it’s how these factors are used to build a subscription business, which solidifies growth. Upon a successful MVP roll out, broad customer base and awareness, Sazi plans to add retail marketing to its growth strategy.
Market
Hemp as Nourishment
Hemp seeds are a nutritious source of plant-based healthy fats, protein and various minerals.
- They contain over 30% fat — in two essential fatty acids, linoleic acid (omega-6) and alpha-linolenic acid (omega-3).
- They are a great source of protein, with more than 25% of their total calories from high-quality protein.
- Whole hemp seeds are a good source of both soluble and insoluble fiber, containing 20% and 80%, respectively.
- Hemp seeds are rich in phosphorus, potassium, sodium, magnesium, sulfur, calcium, iron, zinc and Vitamin E.
Source: Healthline
Health as environmental Repair
Hemp grows prolifically with little water and no pesticides. It takes up relatively little space, produces more pulp per acre than trees, and is biodegradable. Hemp crops give back by returning nutrients to the soil and sequestering carbon dioxide.
Success To Date
The success we’ve had to date is discovering the market need, creating a brand, formulating and commercializing recipes with a small but mighty team as an engine for innovation and growth.
To date, we have achieved the following:
- Conducted research on “the consumer perception of hemp”
- Conceived, named and developed the Sazi Foods brand
- Designed logo, packaging strategy and style
- Developed 9 products; next step: plant trials
- Sourced hemp packaging companies (film and boxes made from hemp)
- Confirmed team: CEO, F-CMO, Art Direction & Copywriting, E-commerce Sales Agency, PR firm, Contract Manufacturers for chocolate, cookies and chips
- Created website
- Memberships to networking associations (e.g. Global Hemp Association; Hemp Open Space)
- Attracted press: published interview with Lisa Newmann
Press Mentions
Team
Use of Proceeds
If the offering's maximum amount of $250,000 is raised:
Use | Value | % of Proceeds |
---|---|---|
Inventory / Production | $70,000 | 28.0% |
Marketing / Customer Acquisition | $130,750 | 52.3% |
General & Administrative | $37,000 | 14.8% |
Intermediary fees | $12,250 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Class B Units, under registration exemption 4(a)(6), in Sazi Foods, LLC. This offering must reach its target of at least $10,000 by its offering deadline of June 28, 2024 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
- Form C on March 9, 2022
- Form C/A on March 28, 2022
- Form C/A on April 18, 2022
- Form C/A on May 12, 2022
- Form C/A on May 19, 2022
- Form C/A on May 20, 2022
- Form C/A on July 7, 2022
- Form C/A on August 26, 2022
- Form C/A on September 12, 2022
- Form C/A on January 9, 2023
- Form C/A on March 1, 2023
- Form C/A on April 28, 2023
- Form C/A on May 19, 2023
- Form C/A on July 18, 2023
- Form C/A on September 19, 2023
- Form C/A on November 28, 2023
- Form C/A on January 19, 2024
- Form C/A on March 28, 2024
- Form C/A on April 25, 2024
- Form C-U on July 5, 2024
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Jun 29, 2024Primary offering finalized, sellingunits
- Jul 31, 2022This article is such good news for us! ...
- Apr 11, 2022We’re just back from the NoCo HempExpo...
Ask a Question
Proofread your comment before submitting: once it's posted, you can’t edit or delete it. Investors are advised to review our Discussion Board Policy before submitting a comment. For the fastest help with the web site, email help@netcapital.com instead of commenting.
Looking to raise capital?
We can help turn your friends, family and customers into investors.
Interested in more investment opportunities?
Browse all offerings currently available.