I agree with you regarding M's intentions, but think she faces a real uphill battle.
M sold an aspirational image that ticked the corporate zeitgeist in the social justice era and initially gained lucrative contracts based on promises of future success. But M has now executed on these initial contracts for years, so M now has a track record which any future investor will take into account.
M lost Spotify money and was harshly dismissed as a "f*ing grifter" a label which will make credible investors very wary. M's new podcast has sunk into oblivion with A-listers avoiding participation. Aside from the H&M reality series attacking the royal family, M's Netflix contract is marked by canceled projects or shows with poor reviews and ratings. M's As ever had a chaotic rollout, poor marketing, poor delivery and mostly negative product reviews (packaging and flavor).
It is a hard time to launch an aspirational food product line when middle class incomes are being crushed by inflation with households trading down from big brands (e.g. Kelloggs, Nestle) to grocery store brands or moving their food shopping away from regular grocery stores to discount stores such as Aldi.
M's current image does not provide a compelling value proposition for her target market to part with their hard-earned cash in this tough economic environment. Her aspirational image has been corroded by the cumulative effect of negative WLM show reviews and negative As Ever product reviews from the very liberal left LA Times to the conservative right Wall Street Journal. M's image is so bad that she is now fodder for late night comedians from Jimmy Fallon on the left to Gutfeld on the right.
IMHO, serious investors who do their due diligence will pass on M's company. It is the shadier "investors" who will circle M, and, in a few years, I will not be shocked if we see Fergie 2.0 drama stemming from As Ever "investors".