Dear Investors, 

I am pleased to share our acquisition of BOXFOX, a curated gifting platform specializing in personalized, premium gift boxes. This strategic move aligns with Sugarfina’s mission to elevate the art of gifting, offering customers a refined experience in selecting luxury gifts. 

BOXFOX, founded in 2014, has established itself as a leader in the gifting industry, providing corporate and individual customers alike with beautifully packaged, thoughtful gifts for every occasion. From thank you gifts to bridesmaid proposal boxes, its customizable, ready-to-ship gift boxes feature a selection of luxury lifestyle products, making it a perfect complement to our existing portfolio. 

The merger brings together two powerhouse gifting brands, combining Sugarfina’s expertise in high-end confections and design with BOXFOX’s innovative gifting solutions. Under the terms of the merger, shareholders of BOXFOX will exchange their stock for shares in Sugarfina Corporation. In addition to expanding the existing customer bases of both brands, we believe the new partnership may result in cost and operational synergies while strengthening both brands' positions in the premium gifting market. 

The acquisition marks a significant milestone in our growth strategy, offering customers an extensive selection of artisanal candies, elegant gift sets, and personalized options, all under one roof. We’re excited to continue growing both brands and remain one of the leaders in the luxury gifting space. 

Please find the press release here for further details. We are pleased to welcome BOXFOX into the Sugarfina family!  

Regards, 

Scott LaPorta

CEO and Co-Investor, Sugarfina