KonaRed Secures $2.5 in Growth Capital Financing

Represented KonaRed Corporation in a $2.5 million growth capital financing. Santa-Monica-based Venice Brands, LLC acted as the primary investor. The transaction involved two new series of convertible preferred stock, 23 different types of warrants, a mechanism for a contingent shift of power to elect a Board majority, two new stock option plans, a management transition with new services agreements, and KonaRed agreeing to “go dark” (elect to cease to be a reporting public company).

KonaRed Corporation makes ready-to-drink bottled cold brew coffee, and other coffee and coffee-fruit products, which are sold in supermarkets, other retail outlets and online.