Poor Old Dirt Farmer!
- Feb 18, 2012
- Reaction score
- In the Briar Patch
SANTA CRUZ COUNTY, Calif.--(BUSINESS WIRE)--Goldenseed, a California lifestyle cannabis and hemp brand, whose first product line won the High Times’ Cannabis Cup for Best Pre-Roll in May 2019, today announced it filed with the U.S. Securities and Exchange Commission (SEC) to hold a stock offering. This offering will allow the general public to invest in Goldenseed at an early stage, which is typically only available to high net worth individuals and well-connected investors. Goldenseed expects to be qualified by the SEC to launch its offering online within the next 60-90 days. When it goes live, the general public will be given the opportunity to invest in Goldenseed for as little as $100.00. Goldenseed intends to use portions of the net proceeds from the stock offering toward capital improvements, debt reduction, marketing and general working capital.
Goldenseed Files with SEC to Become First Private U.S. Cannabis Grower to Allow Early Stage Investment from General Public
“We’re excited to provide a chance to invest in the California cannabis industry and to become part of the Goldenseed community,” said Scott Goldie, chief executive officer of Goldenseed. “I see this as similar to entering the wine industry in Napa in the early ‘70s, before it boomed.”
Goldenseed recently launched as a cultivator, manufacturer, and distributer of high-quality cannabis and hemp naturally grown in renowned Santa Cruz County, California. Goldenseed delivers pure cannabis in the form of proprietary seed strains, smokable blends, and oil and terpene extractions to a discerning clientele. The brand focuses on:
- Sustainable Farming: Goldenseed’s Santa Cruz County farm is a model for the cannabis industry for clean growing, harvesting, and soil-building land stewardship with Envirocann certification. Goldenseed has also built a worm farm onsite with 16,000 pounds of red wiggler worms that create living soil, rich in microbial and fungal life that ultimately grows natural cannabis.
- Facilities: Goldenseed’s cannabis cultivation at the Santa Cruz farm can grow as large as 440,000 square feet, potentially becoming one of the larger growers of greenhouse cannabis in California. By year’s end, Goldenseed’s hemp cultivation alone will span 90 acres of Santa Cruz farmland with over two acres of seed production.
- Research and Development: Goldenseed looks to the future and constantly conducts pheno hunts, which are the cross-breeding and back-breeding of dozens of genetic strains to grow plants that resist disease, grow at the optimal speed, yield the most, and look, smell and taste better. This enables Goldenseed to extract the purest and most powerful terpenes from the plant, which are natural compounds that contribute to a plant’s taste and smell. Goldenseed also focuses on the latest research in CBD to THC ratios, to discover if there is any potential for health applications.
“It’s thrilling to offer customers of Goldenseed’s high-quality products, as well as everyday consumers and investors, a chance to invest in a private United States cannabis company,” Almerico said. “This kind of investment is helping to level the playing field and democratize the investment process.”
“In addition to their shares, our investors will receive exclusive and exciting perks. We’re looking forward to announcing them soon,” said Goldie. “Our goal is to have as many people as possible share in the ownership of our company and help grow the Goldenseed brand with us.”
Currently, there are more than 200 publicly traded stocks related to the cannabis industry. Most of them involve Canadian companies or U.S. companies that do not actually grow or distribute cannabis. Goldenseed’s team believes that, when qualified by the SEC, they’ll present the first opportunity for the average investor to own a share of a private U.S. cannabis cultivator – one with a mission to create a premium cannabis lifestyle brand built on a respect for nature.