TruCelium is building Canada’s 1st growing and manufacturing facility of functional mushroom mycelium (legal kinds such as Lion’s Mane, Chaga, Cordyceps etc..) to service the rising global demand that is currently under-supplied by the two major producers.
Highlights include:
- Functional Mushroom industry expected to double by 2028 to $47B, and has previously proven to be recession & pandemic resilient;
- ‘Blue Chip’ Founders including the former President of McCain Foods and and Advisors including the former CEO of McDonald’s
- $1.5M USD raised to date with all funds invested in facility and product manufacturing - founders postponed salaries until revenue commences;
- Secured $400,000k PO by a major Canadian supplement manufacturer for a June 1st delivery plus the buyer wants TruCelium to be its sole source annual provider of mushroom powder which represents over $1,500,000 annual order;
- Secured $66K annual PO from Foley Dog Treat Company;
- Executed LOI for annual amount of $750,000 from a Canadian based ingredient supplier;
- We have engaged a dynamic sales company to begin B2B sales to potential clients commencing April 1st to book further sales.
- Opportunity for 40x return on investment within 5 years;
- 70%+ margins with patents filed to protect game changing and differentiating products;
- Facility under construction, with first production in Q2 2023;
- Multiple Patents filed for significant differentiating products from competitors including:
- Game changing new mushroom dough ‘Mycolyte’
- Enhanced Vitamin D Mushroom Powder
- Enhanced Absorption via Nanoparticle Reduced Mushroom Powder
- A patented, disruptive technology that enables complete solubility of mushroom powder in liquids while maintaining even distribution and preventing settling at the bottom.
- ‘Future Facility’; Technology to reduce labor and production costs
- One growing method, multiple industries served:
o Bulk Mushroom Powder - Supplements, Nutraceutical, Health & Wellness, Sports Nutrition, Food & Beverage, Pharma, Skincare & Cosmetics, Veterinary, the Pet Food Industry
o Mycolyte Game Changing Mushroom Based Cooking Dough/Pet Food Ingredient
and is going to launch a brand in Q2, 2023 ‘Powered by Mycolyte’ Major Global Ingredient company engaged to create a unique Mycolyte product for power bars
TruCelium Investment
We have just reached an important milestone of being able to fund the completion of our almost 50,000 sq ft facility and commence low level production to start serving POs and LOIs and are capping our Seed Round at an additional $500k but can take up to $1M should that be your minimum.
We are raising an additional up to $1M USD in this Seed Round to fully fund our first year (2023) production with ~$5M in projected revenue with over $1.15M already accounted for from just 3 customers.
We will then look at a Series A Round of $10M in Q2, 2024 at a 6x valuation increase to this Seed Round to build out and own our 2nd facility by Year 3, 2025 and a third facility by year 5, 2027 growing our annual revenue to ~$140M USD.
We have a complete data room, an investor presentation, and investor docs available upon request.
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