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ASHEVILLE, NC, March 2, 2023 – Poppy Handcrafted Popcorn, Inc. introduced the closing of its $3 million Collection A funding spherical, led by JACS Capital, the household workplace of former GE CEO and investor Jeff Immelt. The corporate additionally introduced that Jeff Immelt has been appointed to its Advisory Board and Chris Renno could be becoming a member of the Board of Administrators.
The all-natural connoisseur popcorn firm has accomplished the Collection A funding spherical underneath the management of Co-CEOs Susan Aplin and Ginger Frank, who can also be the model’s founder. The funding comes at a essential time of development for the corporate, which has skilled 150% YOY demand development annually since 2018.
The funding spherical will enable Poppy to greater than double the corporate’s present manufacturing house and make investments greater than $2 million in new gear and know-how. The deliberate growth will improve manufacturing capability by at the very least six occasions and add new jobs within the native WNC financial system.
“Poppy is at a strategic inflection level, and we’re thrilled to companion with JACS Capital on the corporate’s future.” mentioned Aplin. “Jeff and Chris deliver vital expertise and we’re excited to have the chance to work with them.”
Mr. Immelt, former chairman and CEO of GE, and former Government Chairman of athenahealth, has been named to Barron’s “World Finest CEO’s” thrice. Since then, he has been a lecturer on methods management at Stanford Enterprise College and has labored straight with revolutionary corporations within the healthcare, IoT, industrial automation and clear tech industries. Mr. Immelt brings immense expertise to the Poppy Handcrafted Popcorn crew.
“A part of our mission at JACS is to spend money on native entrepreneurs. We’re massive followers of this dynamic Co-CEO crew with Ginger and Susan,” Immelt mentioned. “Poppy has been redefining what is feasible with high quality and taste within the connoisseur popcorn sector for years. We imagine that our expertise in operations and promoting may help Poppy attain its full potential.”
About Poppy Handcrafted Popcorn
Poppy Handcrafted Popcorn’s mission is to create PURE. SIMPLE. POPCORN HAPPINESS. Launched in 2014, Poppy Handcrafted Popcorn is reimagining the way in which connoisseur popcorn is produced and flavored. The corporate has a small batch strategy utilizing high-quality, easy, pure substances (together with non-GMO corn) from as near house as potential. Obtainable at retailers all through North America, Poppy stays dedicated to creating jobs and culinary partnerships proper right here in North Carolina. Store Poppy on-line or discover a retailer close to you at poppyhandcraftedpopcorn.com, and join on social @poppyhandcraftedpopcorn.
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Contact: Hannah Kaminer
Darby Communications
hannah@darbycommunications.com
828-254-0914
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