If you’re looking for information on Luma Soda, you’ve come to the right place. Whether you’re looking to know more about the company’s history, its financial status, or just want to know what the company’s stock is worth, we’ve got it all here.
Jim Otteson is the founder
Luma Soda is a health and nutrition beverage launched by Jim Otteson in 2017. The beverage is made without sugar, artificial additives and preservatives. A portion of the sales go towards marketing and distribution, and it’s available for purchase online.
According to the company’s website, the beverages contain fewer calories than conventional soda. It also helps maintain blood sugar levels. In addition, it is made with honey and monk fruit. There are also four flavors to choose from, including cherry, lemon lime, blood orange, and orange.
Otteson is an attorney who quit drinking soda because he learned that most of the ingredients are unhealthy. He began searching for a better, healthier alternative.
While he was working on his formula, Otteson took out a home equity loan. He hoped to put it to good use. After finding a solution, he started his own business.
After launching Luma Soda, Otteson appeared on the Shark Tank. He asked for $500,000 for 20% of his stake in the company. But, he was turned down by Mark Cuban and Barbara Corcoran.
Otteson says he wants to raise money from an investor who can help him make his product more accessible to more people. He plans to take the beverage nationwide.
He hopes to get an investor to help him connect with grocery stores. This would be a major step, since the beverage isn’t sold in big grocery stores.
Luma Soda went out of business in August 2020
Luma Soda was a healthy soda alternative that was developed by Jim Otteson in 2017. He started the company in Palo Alto, CA, with a loan from his home equity.
Otteson was a regular drinker of soda, but he eventually stopped after he heard that most of the additives and sugar in the product were harmful. As a trial attorney for over 25 years, Otteson began looking for a healthier option.
After researching diet sodas, Otteson found out that they contained harmful ingredients. After quitting his job as an attorney, he decided to devote his time to a business that would provide a better beverage.
Luma Soda is a calorie-free drink that is made from natural and nutritious ingredients. It is available online and in some retailers. There are several flavors to choose from. In 2019, the company earned $180,000 in sales.
Luma Soda is sold through a few partners in the United States. The company spends approximately $15,000 a month in marketing. However, it has a cash reserve of $30,000.
Luma Soda was rejected by the Sharks. According to Shark Tank Tales, the beverage industry is a tough market to break into. Most backers of the show gain profits, but not all of them become mainstream.
Otteson tried to get a deal with the Sharks, but the deal did not go through. Despite the fact that Otteson was willing to invest, other Sharks declined to do so.
Luma Soda’s revenue was $180,000 in 2019
Luma Soda is a healthy soda alternative. It is made with natural ingredients and does not contain additives, preservatives, or hazardous chemicals. It comes in a variety of flavors. You can buy it online, or through a few partners in the United States.
When Jim Otteson founded Luma Soda, he wanted to create a healthier alternative for carbonated drinks. His goal was to provide a drink that was low calorie, but still had the taste of traditional soda. He researched a number of soda alternatives, and finally found one that was both low in calories and high in flavor.
Before launching Luma Soda, Otteson worked as a partner at several law firms. He also received a Bachelor’s degree in Microbiology from Brigham Young University. As a lawyer, Otteson had a lot of experience in the food industry.
When Otteson appeared on the television show Shark Tank, the entrepreneur was looking for a deal. He was seeking a $500,000 investment for 20% of his company. However, other Sharks declined. In the end, he did not receive the investment he wanted.
Despite not receiving an investment, Luma Soda grew. The entrepreneur spent $15,000 per month on marketing. He also had an inventory worth $600,000. During the time of the episode, he had cash reserves of $30,000.
When Jim Otteson was asked about his business, he said that his company had a lot of potential, but he wasn’t sure how to achieve it. He told the sharks that he wished he could get a larger investment.
Luma Soda’s inventory is worth $600,000
Luma Soda is an entrepreneur’s search for a low-calorie, healthy soda alternative. He wanted to eliminate the harmful additives and chemicals that are in most other carbonated beverages. Instead, Luma Soda uses natural ingredients to create a healthier, more flavorful soda.
Luma Soda launched in 2017 and appeared on Shark Tank season 10 in July 2018. The entrepreneur’s request for $500,000 in exchange for a 20% stake in the company received mixed responses from the sharks.
One of the sharks urged Jim to shut down Luma Soda and focus on his other ventures. Another Shark felt there was too much of a risk involved with investing in a new beverage. Despite the lukewarm reaction from the sharks, Luma Soda is still in business and thriving.
In 2019, Luma Soda earned $180,000 in sales. Its inventory totals $600,00. During the same year, the company spent about $15,000 a month on marketing.
Although Luma Soda failed to secure an exclusive contract on the show, the entrepreneur is not giving up. He has $30,000 in his bank account and $600,000 in inventory. Several distributors are distributing Luma’s products in the US. This means that he will continue to enjoy sales in this market until October 2021.
Luma Soda was founded by Jim Otteson. Before launching his business, Otteson worked for several law firms as a partner. After becoming a lawyer, he started researching healthier alternatives to soda. Ultimately, he found that diet sodas contained nasty additives.
Luma Soda’s cash reserves are $30,000
When Jim Ottosen founded Luma Soda, he did so in search of a healthier alternative to soda. He had a history of consuming diet sodas until he became aware of the amount of sugar and other additives that these drinks contained.
Ottosen began experimenting with a variety of different alternatives, before settling on the concept for Luma Soda. The drink is available in several flavors, and includes no artificial sweeteners, preservatives, or other harmful chemicals. It contains just four grams of sugar per serving, compared to six grams of sugar in a can of regular soda.
As part of its marketing efforts, Luma Soda spent $15,000 a month on marketing. It also had a website that sold cases of drinks. However, despite its success, the company did not receive any investment from the Shark Tank.
Despite its failure to make an impressive deal, the company continues to grow. In fact, it has already made $180,000 in sales for the year.
For this reason, the entrepreneur was seeking a $500 thousand investment from Sharks like Mark Cuban and Barbara Corocan. Fortunately for him, they declined.
While they didn’t invest in his company, they did offer valuable entrepreneur advice. They encouraged him to save money and increase his sales. Nevertheless, the fact that his company was not given an exclusive contract on the show wasn’t good enough for them.
Nonetheless, Luma Soda has continued to grow. Currently, they sell their products in the United States through a few distributors.
Luma Soda’s website is displaying a security certificate error
What is Luma Soda and how can you drink it? For one thing, it isn’t available in big name grocery stores yet. But it will be. Its creator, Jim Otteson, plans to sell it in the United States under the Agility Beverages brand name. He has also been known to make appearances on the Shark Tank.
The company’s flagship product is a carbonated soda made from monk fruit and honey. Each 12-ounce can contains 25 calories. To boot, it is a certified healthy alternative to conventional soda. There are no artificial sweeteners in the mix.
To get your fix, visit the Amazon Store. Luma Soda has been on the market for a few years now, but not all flavors have been stocked. Some have been put on backorder. Those interested in a refreshing brew will have to wait until the fall. In the meantime, they can try a sample of the oh so tasty beverage.
Seeing as how the company is still in business, they have made some improvements to their website. They now feature a number of features, including an animated slider that can be set to show the latest available stock. Hopefully, this will encourage consumers to buy more.
Another notable change is a revamped Amazon Store. Previously, all of the aforementioned flavours were listed as “unavailable.” A new listing has now popped up. While this may not be a perfect solution, it at least means there is now more of the aforementioned swag on your doorstep.