Meeting type: Quarterly strategy call
Attendees: Mark Hope, Gilbert Barrongo, Karly Oykhman, Avokerie Onorimuo (Asymmetric); Lucy Doudlah, Mark Doudlah, Jason Doudlah (Doudlah Farms)
Recording: Fathom
Wide-ranging quarterly review covering strong financial momentum, a blocked popcorn launch, a critical yellow popcorn inventory risk, and two new strategic initiatives: a lower-priced bean sub-brand and a cooked bean co-packing program. VAPG grant reimbursement delays and Natural Grocers retail expansion were also discussed.
| Metric | Value |
|---|---|
| Daily sales run rate | ~$5,000/day |
| Projected annual revenue | ~$1.8M |
| Daily net profit | ~$2,200–$2,300/day |
| Projected annual net profit | ~$828k |
| Net profit margin | >38% (trending up) |
Top 4 products (last 30 days):
1. White Popcorn (Doudlah Farms)
2. Yellow Popcorn (Doudlah Farms)
3. 5 lb Black Beans
4. Cornmeal
Notable inventory positions:
| Product | Status |
|---|---|
| White Popcorn | Ample stock |
| Yellow Popcorn | Critical — see risk below |
| 5 lb Black Beans | ~1,200 units; healthy |
| Cornmeal | 24,000 lbs on hand; 24,000 lbs reserved |
| 25 lb Black Beans | ~86 units; ~1 month supply |
| Pinto Beans | ~127,000 lbs; high inventory, commodity perception |
| Rye Flour (1.5 lb) | Early growth; promising |
| Old World Yellow Popcorn | Low; contingency plan needed |
Contingency plan: Source organic (non-ROC) yellow popcorn from an outside supplier to fulfill Old World brand demand, preserving Doudlah Farms' ROC-certified stock for the premium brand.
Blocker: TS Foods refused to use Doudlah's preferred Wildly Organic coconut oil, citing flavor contamination risk to their production line. Their current supplier (Nutivia) uses conventional oil that Lucy considers inconsistent and potentially contaminated with heavy metals.
Resolution: Doudlah Farms will supply refined Wildly Organic coconut oil (flavorless; eliminates contamination concern). TS Foods will remove the oil cost from their per-bag price.
Competitive context: TS Foods is also co-packing a competing ROC popcorn brand ("NS" company). Doudlah's Demeter biodynamic certification is a key differentiator — confirmed present on the bag design.
Launch actions:
- Lucy to contact Wildly Organic for refined oil pricing and container options (likely 5-gallon pails or 55-gallon drums), then relay to Mark Hope.
- Mark Hope to notify Justin at TS Foods that Doudlah will supply the refined oil.
- Lucy to send all popcorn product data (UPCs, SKUs, images, descriptions, weights, dimensions) to Mark Hope/Karly.
- Lucy to email Jen for the updated bag graphic with transparent background; CC Mark Hope and Karly.
- Karly to assign Gilbert to build Amazon listings once assets are received.
- Karly to update the website "coming soon" page with the final bag graphic once received.
Rationale: Doudlah holds significant non-ROC bean inventory (e.g., one semi-load of black beans) that cannot be sold under the Doudlah Farms or ROC labels. Pinto beans (~127k lbs) are also perceived as a commodity and may benefit from a lower price point.
Strategy: Create a distinct sub-brand — positioned below Doudlah Farms, similar to the Old World popcorn approach — to sell non-ROC and commodity-tier beans at a lower margin.
Packaging options under consideration:
- 4 lb poly bags (~$0.25/unit; ~half the cost of Doudlah Farms bags)
- 1-gallon pails (more distinctive; potentially interesting for bulk buyers and schools)
Brand name: "FarmRite" (F-A-R-M-R-I-T-E) was previously trademarked by Doudlah Farms but allowed to lapse. Asymmetric to propose additional name ideas for next call.
Actions:
- Lucy to research packaging options (4 lb bag, 1-gallon pail) and pricing from Johnson Bags; share with Mark Hope.
- Mark Hope's team to propose brand name ideas before next call.
Opportunity: Bean Vivo reached out requesting supply for new recipes (navies, yellows, small reds, pinks, pintos, cranberries). Separately, Doudlah is exploring co-packing cooked/prepared beans as a value-added product line.
Co-packer: Valley Foods (contact: Justin Giambattista) is the identified candidate. An invoice of ~$51,000 from Valley Foods is due imminently (invoice date 3-5-26).
Pricing strategy for Bean Vivo:
- Open at $1.35/lb, target settlement at $1.25/lb (up from prior $1.10–$1.20 range).
- Beans are sunk cost in the bin; moving inventory at a reasonable price is preferable to holding.
Recipes: Lucy has a plain bean recipe; sourcing school unit sizes from Sherry Howard.
VAPG connection: Grant reimbursement is needed to fund the cooked bean initiative.
Actions:
- Mark Hope to email Justin Giambattista (Valley Foods) re: cooked bean co-packing pricing and MOQ; include DPI recipe.
- Lucy to finalize plain bean recipe and source school unit sizes from Sherry Howard.
| Owner | Action |
|---|---|
| Lucy | Contact Wildly Organic re: refined coconut oil containers and pricing |
| Lucy | Send all popcorn assets (UPCs, SKUs, images, descriptions, weights/dims) to Mark Hope/Karly |
| Lucy | Email Jen for updated popcorn bag graphic (transparent background); CC Mark Hope/Karly |
| Lucy | Complete and submit Natural Grocers intake form |
| Lucy | Research packaging options (4 lb bag, 1-gallon pail) and pricing; share with Mark Hope |
| Lucy | Send donation bank account details to Karly |
| Lucy | Update Fair pricing by 5% |
| Mark Doudlah | Email warehouse inventory report to Mark Hope |
| Mark Hope | Notify Justin (TS Foods) that Doudlah will supply refined coconut oil |
| Mark Hope | Schedule call with Daniela (USDA) to resolve VAPG grant invoice issues |
| Mark Hope | Email Justin Giambattista (Valley Foods) re: cooked bean co-packing pricing/MOQ; include DPI recipe |
| Mark Hope | Propose brand name ideas for new bean sub-brand |
| Mark Hope | Follow up with local Hispanic contact re: farm labor for Jason |
| Mark Hope | Coordinate check pickup with Lucy next week |
| Karly | Assign Gilbert to build Amazon popcorn listings (once assets received from Lucy) |
| Karly | Update website "coming soon" popcorn page with final bag graphic |
| Karly | Add Mark Hope and Lucy to B2B email database |
| Karly | Link donation platform to bank account once details received from Lucy |