LOLA Snacks signed a distribution deal with CA Fortune, a company behind a roster of health food brands. The move comes alongside launching a crowdfunding campaign with StartEngine, seeking to raise $1M in funds to support the brand's nationwide expansion over the next year.
LOLA Snack's current success is an endorsement as an emerging leader in the bar space, with products available nationwide in more than 3,000 doors across the natural and conventional grocery channels. Next on the horizon is a second expansion within the convenience and food service channels, growing to 15,000 points of distribution over the next 12 months.
To support this next phase of growth, LOLA Snacks wants the opportunity to invest to be available to everyone, so the brand chose StartEngine to do a crowdfunding raise. StartEngine is one of the first-ever regulation crowdfunding campaigns in the US that has helped over 550 businesses raise capital.
