Tough Situation. Has the company already blown through the 3.4 million they raised in April?
I'm already not a fan of the new CEO. Focusing on low cal soda is a waste of time. It probably means Kombucha and bag-in-a-box are dead. The company also tried to sell him as a high growth brand developer, but it looks like his resume has been scrubbed to remove 400% growth at Boylan Bottling and Detour bar. It has been replaced with failed stints at International Harvest (owned by Vince from Entourage) and a KFC franchisor in Ukraine (that was probably expropriated (my opinion)). I don't think owning KFC franchises makes one a "global brand developer" like the 7/5 press release claims.
I'm going to say something I thought I would never say. I want ponytail back (NJM's nickname). At least he cared. The activists really effed this company and if it can't hit this quarter and next, capital is going to dry up.
"Since November 2016, Mr. Stalowir has served as an independent food and beverage investment consultant working with varied consumer focused private equity groups. Prior, from April 2015 to November 2016, Mr. Stalowir served as Chief Executive Officer of privately held International Harvest, Inc., a leading supplier of certified organic, gluten free, non-GMO, vegan and raw superfoods. In 2011, Mr. Stalowir founded Global Restaurant Group, LLC (GRG) in Kyiv, Ukraine, a privately held, international quick serve restaurant operator and platform that is now YUM! Brands’ lead KFC franchisee in Ukraine. Mr. Stalowir served as Chief Executive Officer of GRG until September 2014, when, due to political and economic challenges in Ukraine, much of the investment activity in the country was suspended. GRG LLC continues to operate led by local management and recently announced the opening of an additional restaurant in the capital city of Kyiv. From 2010 to 2012, Mr. Stalowir served as Executive Partner of APTA Capital, LLC, a US private equity firm providing growth equity investments and operational leadership to consumer branded companies. From 2002 to 2010, Mr. Stalowir was Chief Executive Officer of Preferred Brand Holdings, LLC, a private equity fund backed by Emigrant Savings Bank, where he co-founded the consumer practice and led the investment and growth strategies for five portfolio companies in the food and beverage sector. From 1999 to 2001, he served as President, North American division of Tomra Systems, ASA, a publically traded Norwegian company and the global leader for beverage container return and processing systems and reverse vending machines. Prior, Mr. Stalowir served in marketing and general management positions with the Coca-Cola Company and the Quaker Oats Company."
