From: Maya Chen To: Daniel Ortiz Subject: Roast Relay—June Update and Pilot Results Date: Thu, 16 Jul 2026 10:18:42 -0400 Hi Daniel, I wanted to share a quick update on Roast Relay, our personalized coffee subscription startup. We completed our eight-week Toronto pilot with 214 subscribers, and 78% renewed for a second delivery cycle. The strongest retention came from customers using the tasting-profile quiz, so we're making that the default onboarding flow. We're also adding two roasters from Montreal and one from Calgary, bringing the launch selection to 27 coffees across nine partners. Our next milestone is a public launch in September. We're currently raising a $600,000 pre-seed round to fund inventory, fulfillment, and customer acquisition through the first six months. Would you have 30 minutes next week to review the pilot data and discuss whether Roast Relay might fit Northstar's portfolio? Best, Maya Maya Chen Co-founder & CEO Roast Relay maya@roastrelay.com (416) 555-0187