FreshTracks Capital taps DRINKmaple for new investment

first_imgVermont Business Magazine FreshTracks Capital announced Monday it has invested in a growing Vermont-based beverage brand, DRINKmaple. This is the second Vermont-based investment from FreshTracks Capital’s newly launched investment fund, FreshTracks IV. DRINKmaple, based in St Albans, is a rapidly-growing maple water brand that features only one ingredient, straight from the tree.  It’s refreshing, hydrating and naturally nutritious, with just a subtle hint of maple.  DRINKmaple is packed with 46 naturally-occurring nutrients including antioxidants, polyphenols, minerals and electrolytes, with more manganese than a cup of kale, and half the sugar of coconut water.  The company also makes DRINKmelon Organic Watermelon Water, also made from one ingredient, 100% organic watermelons. DRINKmaple is the brainchild of Ironman Triathlon training partners Kate Weiler and Jeff Rose, who found the beverage while competing in an Ironman in 2013.  At first sip and after experiencing the hydrating benefits firsthand, they set out to bottle maple sap as a natural hydration beverage to fuel their athletic performance.  The brand rapidly gained a cult following among competitive athletes, and is now expanding distribution to satisfy demand across the country. Investors quickly saw potential in this “better for you” beverage brand based on its broad consumer appeal and increasing sales velocity.  Where it is distributed, it already outsells national coconut water brands, attracting the attention of major beverage industry players.  As a result, Weiler and Rose decided to raise investment capital to help them scale quickly to meet the opportunity.  FreshTracks Capital, along with several other investors, participated in DRINKmaple’s Series A round of financing, with FreshTracks investing $250,000 of a total $4.35 million to help fuel the young company’s growth and gain national recognition. TJ Whalen, Managing Director for FreshTracks Capital, said, “I think DRINKmaple is poised to become a national player.  This product hits on all the right trends driving growth in the beverage industry.  The brand has tremendous potential, and I believe Kate and Jeff have exactly what it takes to turn this local Vermont business into a national success story.” Kate Weiler, CEO of DRINKmaple said of the company’s rapid growth, “It’s so exciting to have this opportunity to satisfy the nation’s thirst for healthful beverages.  As a nutritionist and athlete, I wanted to create something that offered the right balance of functional performance, hydration and great taste.  And I found the best all-natural ingredient for this right here in Vermont’s maple trees.  I love that it’s natural, plant-based hydration from a local, sustainable source.  And now I’m thrilled to work with FreshTracks Capital and our other investors to continue to expand our national footprint.” About FreshTracks Capital: Founded in 2001, FreshTracks Capital is a Vermont-focused investment fund that uses venture capital to create positive economic and community impacts.  Across its four funds, which total more than $45 million, FreshTracks has invested in over 20 Vermont-based companies. FreshTracks hosts a number of events for entrepreneurs and investors, including Peak Pitch and Road Pitch.  The firm’s General Partners and Managing Directors are Cairn Cross, Lee Bouyea and T.J. Whalen.  FreshTracks is actively investing out of its newly launched fund, FreshTracks Capital IV. About DRINKmaple: At DRINKmaple, we’re on a mission to innovate in the beverage space by creating healthful hydration for the broader consumer. We are makers of DRINKmaple Organic Maple Water, a premium plant-based hydration beverage consisting of the sap tapped directly from sugar maple trees in Vermont, and DRINKmelon Organic Watermelon Water, a plant-based, single-ingredient functional beverage made from 100% organic watermelons. Learn more at www.drinkmaple.com(link is external).Shelburne and St. Albans, VT (May 8, 2017) – FreshTracks Capitallast_img read more

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It is possible to register “weekenders” in the eVisitor system without coming to the Tourist Board in person

first_imgGiven the increased tourist traffic in the category of taxpayers of owners of holiday homes or apartments (weekenders) and the frequent inquiries of tourist boards as well as weekenders themselves, the General Office of the Croatian Tourist Board has prepared additional clarifications that will help in the coming months. all with the aim of reducing the workload of tourist offices, staff of tourist boards and weekenders themselves. The instructions were published on the eVisitor website and were also submitted to the tourist board system.It is possible to register weekenders in the eVisitor system without a personal visit to the tourist board in such a way that taxpayers can submit to the tourist board all the necessary documents by mail, email or fax. We repeat, for the registration of the taxpayer in the system, an OIB and an identification document are required, and for the registration of the associated facility, the taxpayer is obliged to enclose one of the following documents: purchase contract, excerpt from the land register, decision on inheritance, decision on determining special tax on houses for a holiday, decision on legalization of an illegally constructed building, excerpt from the cadastre, proof that a request for legalization of an illegally constructed building has been submitted, collective records of competent authorities (eg records of taxpayers, records of taxpayers on holiday homes and apartments, etc. .).In addition to the mentioned possibility of submitting data by mail, email or fax, weekenders can register in person at the tourist board or they can do it for family members, friends, etc., with a certified power of attorney signed by the owner and notarized. Please note that the certification of the power of attorney is required solely to prevent misuse of access to personal data of taxpayers, or to prevent possible theft of personal identities of taxpayers by third parties.It is also possible to create user sub-accounts within the eVisitor system, so we recommend that weekenders, instead of handing over their access data for use to other persons, open sub-accounts for such persons. In this case, the person who has an open sub-account receives his access data that are different from the access data of the taxpayer, and it can be determined at any time who has undertaken what activity in the system.Additionally, all users of the eVisitor system are enabled to log in via the e-Citizens system (ie NIAS). The advantages of applying through the e-Citizens system are that the taxpayer does not need to come to the tourist board in person or use a username, password and TAN list, but accesses the system in the same way as the e-Citizens system.The instructions are published on the eVisitor website and are also submitted to the system of tourist boards, and are available at linklast_img read more

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State Puts Out List Of Oil Companies That Received Tax Credits Last Year

first_imgLast year, Lawmakers passed separate legislation ending the tax-credit program all together. These payments are being paid to the companies that were owed prior to the program ending. Story as aired: The state has been making minimum payments on that debt, which is up to $900 million as of this year. According to the memo the state is not expected to fully pay that off until 2025. FacebookTwitterEmailPrintFriendly分享According to a report released from the Department of Revenue, on Friday, the state spent over $75 million last year, paying off tax credit payments owed to oil and gas companies for exploration in Alaska.center_img The cash-for-credits recipients used to be kept confidential. In 2016, the legislature passed HB 247, which requires the state to release an annual report of the companies that receive tax credits from the state. Repsol, a company working on the North Slope received the highest payment, at nearly $18 million. Other companies like BlueCrest Energy have halted or slowed production due to unpaid tax credits. BlueCrest received almost $9 million between 2016-2017, according to the report.last_img read more

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Tipp footballers focused on maintaining fitness

first_img“They’re doing four or five sessions a week.”“They do their Zoom session every Tuesday night which they love.”“So they are keeping fit and I suppose from a football point of view we can’t really do much but from a strength & conditioning point of view we definitely can.”“But look the lads are staying very very positive and its good for their mental health that they have a programme every week of four or five things to do.” David Power. Photo © Enda O’Sullivan, Sportsfocus Tipperary senior football manager David Power says his squad are continuing to train 4 to 5 times a week.The former All-Ireland minor winning manager told Tipp FM that the players were in good spirits and enjoying the different training schedule set out by management.He said the squad are in a positive mindset despite having to train individually.last_img read more

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