17 Nov SilverLeaf’s DOPE Move: Investing in a THC-Infused Beverage Revolution
By: SilverLeaf Investments
SilverLeaf Investments Announces a Strategic Investment into DOPE Drinks’ a South African born brand that have just launched a range of THC-Infused cannabis beverages in the USA.
Johannesburg South Africa, November 15, 2023 – SilverLeaf Investments is thrilled to announce that its strategic investment into DOPE Drinks, a South African beverage company, is making waves in the global cannabis industry. DOPE Drinks is expanding its horizons into the United States, the world’s largest cannabis market, and with this exciting venture, SilverLeaf Investments continues its commitment to fostering innovation in the emerging cannabis sector.
The DOPE team recently achieved a remarkable milestone by producing their first 100,000 cans of DOPE in the United States. This achievement marks the introduction of their THC-infused range, offering consumers an alternative to traditional alcoholic beverages.
Consumers across America can now order DOPE Drinks directly to their doorstep by visiting www.drinkdope.com.
The company is actively negotiating with a distributor in Minnesota, aiming to secure access to 95% of the state’s liquor stores. DOPE Drinks is also preparing for a 2024 launch in California through Cannabis dispensaries.
In line with their expansion efforts, DOPE Drinks has appointed Sebastian Smuts, an ex-South African, as their General Manager in the United States. Smuts, with his extensive background at Fever Tree beverages and as employee number one at CANN, the largest and fastest-growing cannabis beverage brand globally, brings invaluable expertise to the team.
To empower their fans and supporters to become investors, DOPE Drinks has launched an innovative crowdfunding investment platform and campaign. Each DOPE beverage can includes an elevator pitch and a call to action, along with a QR code directing potential ‘micro’ investors to invest.drinkdope.com. The company aims to raise $1 million at a $10 million pre-money valuation over the next three months.
Furthermore, DOPE Drinks has assembled an industry-leading Advisory Board to support their “Born in Africa. Made in America.” launch. Notable figures, Kweku Mandela (Nelson Mandela’s grandson) and Hardy Mc Queen, who will serve as Global Partnership Advisor and Cultural Advisor, respectively. Jamie Pearson, recognised as one of the most influential global women in cannabis by High Times, has joined as an Industry Advisor.
“Leveraging our extensive global network, SilverLeaf Investments was able to introduce the DOPE team to Jamie, who has graciously agreed to provide invaluable guidance and to open doors for the team. This is a prime example of the value we bring as SilverLeaf to our investee companies, extending beyond simply financial assistance,” says Clifford Giesenow, co-founder of SilverLeaf Investments.
In parallel, DOPE South Africa has recently introduced a 440ml Bigger Can and changed to bolder flavour to cater to the South African market. With each can containing only 3g of sugar, the product appeals to a wider audience while maintaining a refreshingly low-calorie count. DOPE Drinks has solidified its position as the market-leading CBD cannabis beverage in Africa, with the recent departure of Goodleaf from the shelves.