H2, the health drink company backed by vitamin king Toby Browne and radio star Kyle Sandilands, plans to raise $5 million to expand in the United States.
Founder and chief executive David Freeman said on Monday that H2 generated revenue of $22 million in 2018-19 and was now banking on its "pink" coconut water to spearhead a push into the US market after establishing a solid base in Australia.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com