Giggles N'''''''' Hugs Inc. (fka GIGL)

[mrdrifter]

As I expect a bunch of new investors checking out GIGL in the following weeks, I’ve decided to condense all the DD, including the latest developments.

Will Reed's, Inc. (REED), an NYSE American company invest in GIGL rights offering? Both companies are based in LA.

REED'S, INC. (Incorporated Under the Laws of the State of Delaware) SUBSCRIPTION RIGHTS CERTIFICATE Evidencing Non-Transferable Subscription Rights, Each to Purchase Units of Giggles N' Hugs, Inc.

https://www.lawinsider.com/contracts/1cpC9taEUGI6klopmyJzr1/giggles-n-hugs-inc/1381435/2018-01-09

Is this a good source? Per the Law Insider website: Where do these contracts come from?

The majority of the documents in the LawInsider.com database are from SEC filings and are available in the public domain

http://reedsinc.com
__
If the rights offering is fully subscribed (of which there can be no assurance), the Company will receive gross proceeds of $5,000,000. The Company intends to use the proceeds for general corporate purposes, including funding new location expansion.

https://globenewswire.com/news-release/2018/02/14/1348220/0/en/GIGGLES-N-HUGS-ANNOUNCES-RECORD-DATE-OWNERSHIP-DATE-AND-SUBSCRIPTION-PERIOD-FOR-ITS-RIGHTS-OFFERING.html

Page 27 says they have a backstop purchaser. They are getting their money one way or another.

https://www.sec.gov/Archives/edgar/data/1381435/000149315218001658/forms-1a.htm

Company-owned stores . We estimate that we would have to expend $700,000 - $900,000 (net of any – landlord-tenant improvement allowances) to construct, staff, and open each new restaurant, excluding rent.
___

* REED'S SAYS ON DEC 6, CO ENTERED BACKSTOP AGREEMENT WITH RAPTOR/ HARBOR REEDS SPV LLC, A SHAREHOLDER OF THE REED'S ( REED )

https://www.fidelity.com/news/article/company-news/201712111722RTRSNEWSCOMBINED_FWN1OB0R6_1

Raptor Group Holdings is a private investment company backed by the Family Office of Jim Pallotta. Jim is currently President and Chairman of AS Roma (global football club), Co-Owner and Executive Board Member of the Boston Celtics, a Board Member of the Institute of Contemporary Art in Boston and Northeastern University, and is also a member of the MIT Media Labs Advisory Council.

http://www.raptorgroup.com/about

https://en.wikipedia.org/wiki/James_Pallotta

Raptor Group is invested in two companies that are in the kid's space. They also have an organic tea company, bottled water company and beer and wine.

1) Hulafrog: https://hulafrog.com/
Local things for kids to do. Hulafrog is a website and email newsletter for moms looking for the scoop on the best local events, destinations & deals for families.

2) Getunreal is a natural candy company: https://getunreal.com/
"Once upon a time...there were two kids whose parents really didn't want them eating their favorite chocolates.
___
Pallotta has also quietly invested in a number of area restaurants. (GIGL in Boston?? ) “Without his support, Radius and Via Matta wouldn’t exist today,” says their chef-owner, Michael Schlow. (Though it’s no longer on the menu, he still cooks Pallotta his favorite veal chop when Pallotta stops in.) Pallotta has also put money into Todd English’s Figs, Richie Balsbaugh’s Saint, and Ming Tsai’s Blue Ginger, and he frequently brings high-powered guests into his friends’ restaurants—hosting U2 at Radius and Samuel L. Jackson at the Pearl on Nantucket. But the billionaire also knows how to lay back and let loose. “He’s a chameleon,” adds Schlow. “He can fit in at a fancy dinner, then have a beer and eat chicken wings at the bar.”
https://www.bostonmagazine.com/2007/03/27/the-house-that-ate-weston/
__
Some final things on RAPTOR/REEDS

CEO Val Stalowir used to be the CEO of International Harvest and was the founder and CEO of GLOBAL RESTAURANT GROUP
https://www.linkedin.com/in/valstalowir/
https://internationalharvest.com

GRG is an American owned international quick serve restaurant operator and platform. The company is KFC's largest franchisee in Ukraine.
__

Reed’s, Inc. Announces New Board Appointment ~ owner of one of the nation’s leading portfolios of handcrafted, natural beverages, today announced the appointment of Dan Doherty, Principle of Raptor/Harbor Reeds SPV LLC. to the Reed’s Board of Directors effective January 10, 2018.

http://reedsinc.com/press-release/reeds-inc-announces-new-board-appointment/

Gordon Brothers (Boston based like RAPTOR) to Market Sale of Reed’s Los Angeles Beverage Manufacturing Plant and Branded Candy Business

http://reedsinc.com/press-release/gordon-brothers-to-market-sale-of-reeds-los-angeles-beverage-manufacturing-plant-and-branded-candy-business/

__
Finally, check out the heavy accumulation happening between 9/25/17 - end of Oct. 2017. Almost 14M shares worth. Joey and his immediate family still own over 26M.

http://schrts.co/czi21Z

Share Structure
Outstanding Shares
146,302,251 01/31/2018

GIGL management team:

http://www.gigglesnhugs.com/investor-relations/management-team/

Giggles N' Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, hired John Kaufman, former Vice President of Operations of California Pizza Kitchen (CPK), as its new interim president.

While at CPK, Kaufman worked alongside Philip Gay who was the CFO, and currently serves as chief business development officer of Giggles N' Hugs. Together with the founders of CPK, Kaufman and Gay laid the foundation and grew the company from one location to more than 70 locations when he left the company after its sale to Pepsi co.

Quick 3 minute overview presentation of GIGL by Redchip;

Joey's latest interview with Redchip, dated January 26, 2018

Jillian Michaels and Tia Mowry as brand ambassadors and Greg Schroeppel to a Master Chef Position

https://globenewswire.com/news-release/2018/01/10/1286609/0/en/Giggles-N-Hugs-And-Joey-Parsi-the-company-s-founder-and-CEO-Featured-on-the-Jillian-Michaels-Show.html

https://globenewswire.com/news-release/2017/03/29/946449/0/en/Giggles-N-Hugs-signs-Tia-Mowry-as-its-newest-Celebrity-Brand-Ambassador.html

https://globenewswire.com/news-release/2017/10/11/1144262/0/en/Giggles-N-Hugs-Recruits-Renowned-Gourmet-Chef-Greg-Schroeppel-to-Master-Chef-Position.html

Hope this helps :)