Mompops was founded by the mother and son team of Sandra and Issa Ostrander, with the goal of creating a healthy treat that everyone could enjoy. The ice-pop is an American classic dating back to 1905. It's a treat that generates a smile and brings to mind fun and carefree times. We wanted to recreate that feeling with a healthy twist!
In order to fulfill the large orders from our regional partners, we’ve invested in a couple pieces of capital equipment to dramatically scale our production capacity. Our relationships with these large regional distributors have enabled us to gain shelf space in large retailers and independent stores. Investing in the equipment has also allowed us to scale and differentiate our product with quality ingredients and our unique pop size.
We recently expanded our distribution to the entire Mid-Atlantic region of Whole Foods, so our pops are now available at 2.5 times more Whole Foods stores than before. We also expanded our food service business with a recent agreement. We intend to use the funds raised from our Honeycomb campaign to refinance high-interest debt and free up our monthly cash flow to fund our upcoming purchase orders from these expansions. The funds will also be used to acquire additional freezer space to store our product.