Drake wants you to become a part owner of his whiskey brand, Virginia Black, and has made preparations to take the brand public, according to New York Post.
The Canadian phenom is looking to raise $30 million from his fans through a special “Regulation A+” initial public offering. A Regulation A+ IPO allows a company to raise up to $50 million in what is essentially a mini IPO that is not subject to normal Securities and Exchange Commission rules and regulations, the NYSE reminds us. Essentially, it is an easy way of letting the public buy shares of a small business.
The company is planning to go public by the end of March, and plans not to list itself on an exchange. Initially, investors will be able to buy $5 shares (with a $100 minimum buy-in) on Virginia Black's website.
Drake co-founded Virginia Black Whiskey with award-winning spirits producer Brent Hocking (of DeLeon Tequila fame) in 2016. He also serves as the company's spokesperson, having appeared in commercials for the brand features Drake as "The Realest Dude Ever," a parody of Dos Equis' famous "Most Interesting Man in the World" character.
Virginia Black had yet to release any details yet on its revenues or profits, but claims to have sold 60,000 cases of the $40 per bottle whiskey.
Drake is gettin' it in!