12 Tides - Ocean Positive Foods

Issuer: Tidal Foods PBC

Venture

Rule 506(b)

Fisheries & Aquaculture

12 Tides - Ocean Positive Foods

Issuer: Tidal Foods PBC

12 Tides is a regenerative food technology company creating the world's first products from organically farmed North American kelp.

Market Opportunity

Consumers are increasingly focused on the impact of their food and lifestyle decisions on the planet (sustainability-focused products have driven 55% of dollar growth while only representing 16% of the market)
This trend is driving the growth in the regenerative food movement, and movement away from extractive, industrial agriculture
'Regenerative' is the next evolution of the organic food movement, which has grown to be a $30B segment in the packaged food world and has led to many strategic acqusitions by the world's largest food companies
Organic kelp farming is the #1 most regenerative form of food production in the ocean by absorbing excess CO2, providing ecosystem services, and requiring no resource-intensive inputs
12 Tides will be the brand that connects the regenerative food movement to the oceans

Momentum

Net sales have reached $2.2mm with 10+% month-over-month growth since November 2020 launch
According to SPINS, 12 Tides ranks in the top 5% of the category in terms of retail velocity, ahead of leading brands like Barnana, Dang, Brads, Bare, Rhythm, Gimme and SeaSnax
Over 45% online repurchase rate
~4.5-star ratings on online platforms including Thrive and Amazon
#1 highest velocity product at Erewhon, a premier and trend-leading organic retail chain in LA

Retailers and Awards

Nearly 1,000 retail doors in the US, including Whole Foods
Available on all of the top online grocery platforms, including Thrive Market, Good Eggs, and Imperfect Foods
Expo West NEXTY award winner for Best Organic Food
Featured in goop, mindbodygreen, Thrillist, and well+good

Technology

In-house kelp processing and manufacturing capabilities that allow us to develop truly unique products using kelp as the #1 ingredient
Established kelp supply chain with seasonal agreements with farmers ensures supply of our key input
Internally developed home compostable packaging will be patented once certification process is complete

12 Tides is raising a $1.5mm seed extension in a SAFE with the key terms below:

- $8mm valuation cap

- 20% discount

- 6% accruing interest

The information provided in this presentation pertaining to Tidal Foods PBC (the “Company”), its business, assets, strategy, and operations is for only informational purposes. This presentation is not an offer to sell or the solicitation of an offer to buy any securities issued by the Company. While the information in this presentation is believed to be accurate and reliable, the Company and its agents, advisors, governors, officers, managers, employees, and members make no representation or warranties, expressed or implied, as to the accuracy of such information and the Company expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. In addition, there is no obligation to update, modify, or amend this presentation or to otherwise notify you in the event any matter stated herein changes or subsequently becomes inaccurate. The information in this presentation is strictly confidential.

The information in this presentation contains “forward-looking” statements, including, without limitation, projections and forecasts included herein. The projections, forecasts, and other forward-looking information are based on assumptions, expectations, and modeling, which, by their nature, involve substantial risks and uncertainties. The Company’s ability to achieve actual results consistent with its current expectations depends significantly on various factors within and outside of the Company’s control. The Company cautions you not to place undue weight on these forward-looking statements and to rely on your own judgment (and your advisors) in analyzing these statements and the other information contained herein. The Company also advises you that the forward-looking statements herein speak only as of the date they are made, and the Company undertakes no obligation to update these forward-looking statements.

Team & Advisors