|For more information and more transactions visit www.XDATA.co|
|XDATA – November 6th 2015|
|BrightFarms successfully completed a $14.17 million non-brokered equity financing round. A total of eight investors started to subscribe to the round three weeks ago. Two previous unregistered financing rounds raised an estimated $11.51 million.|
|The company is focused on growing local produce, nationwide. It finances, builds, and operates local greenhouse farms in partnership with supermarkets, cities, capital sources, and vendors, enabling it to quickly and efficiently eliminate time, distance, and costs from the food supply chain. Investors include NGEN Partners, Emil Capital, WP Global Partners, and Dr. Theodore Caplow.|
|The company, headquartered in New York NY, is led by Paul Lightfoot (CEO). BrightFarms elected to keep its revenues undisclosed.
The executive team includes Neal Parikh.
The board of directors includes Christian We Haub, Donald Phillips, Gregory S Oberholtzer, Peter H Grubstein, Theodore Caplow and Thomas Emmons.
The company has raised an estimated total of $25.57 million via private unregistered security offerings.
Amount offered: $14.17 million
Amount placed: $14.07 million
SEC filing: Source
First sale: 10-13-2015
Data as of: 11-06-2015
One financial backer invested $516,000 in return for unregistered equity securities issued by GrowLife. The transaction completed a little over a week ago via a non-brokered private placement. The company closed three previous unregistered private placements which raised an estimated $42.5 million.
GrowLife trades under symbol OTC: PHOT.
GrowLife markets products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The company provides these solutions through a nationwide retail network, as well as online sites Greners.com, Phototron.com, Growlifehydroponics.com, 58hydro.com and StealthGrow.com. The Company offers financial support and consulting services to help growers expand their businesses. The company also operates the political and social forum, Cannabis.org.
The company, headquartered in Woodland Hills CA, is led by Marco Hegyi (President). GrowLife elected to keep its revenues undisclosed.
The board of directors includes Jeff Giarraupto, Mark E Scott and Tony Ciabattoni.
The company has raised an estimated total of $43.02 million via private unregistered security offerings.
Industry: Other Technology
Amount offered: $516,000
Amount placed: $516,000
First sale: 06-04-2014
Data as of: 06-12-2014
In a document filed with the SEC, Indoor Harvest reported still being in the market with its $500,000 equity offering which is 43% subscribed as of the filing date. Prior investors ponied up an additional $30,000. They had previously subscribed to $190,000 in securities according to another filing disclosed last Thursday. So far, twenty-six backers committed $220,000 to Indoor Harvest’s offering. Based on the offering’s structure the subscription is scheduled to close in six months at the latest. The company closed one unregistered private placement which raised an estimated $50,000.
The company is an equipment designer, developer, marketer and direct-seller of commercial grade aeroponic fixtures and supporting systems for use in urban controlled environment agriculture (CEA) and building integrated agriculture (BIA). It offers individual original equipment manufacturer (OEM) fixtures and value added components that can be combined in a variety of ways allowing full customability of installation. Indoor Harvest is focusing on the underserved middle market between hobby and large scale operations.
The company, headquartered in Houston TX, is led by Chad Sykes (CEO). Revenues were not reported.
Status: Intermediary close
Company: Indoor Harvest
Amount offered: $500,000
Amount placed: $220,000
Change: offered +0% / raised +13% / placed 43%
A first close of $385,000 was initiated by Rx Green Solutions on its fundraising effort started this month. 77% of the $500,000 non-brokered equity offering was placed with three investors. The company expects to raise an additional $115,000 to close the offering within a year. This is the first known offering initiated by the company on the US private placement market.
Rx Green Solutions designs and commercializes all-natural plant nutrient solutions for hydroponic and field application. The company offers commercial grade technologies and solutions to address the needs of urban farmers and growers. The company’s products are available in stores primarily located on the northern east and west coasts or online. The product line encompasses five products ranging in price between $30 to $35.
The company, headquartered in Manchester NH and led by Todd Brady, was registered in 2012. Rx Green Solutions elected not to disclose its revenues.
Status: First close
Company: Rx Green Solutions
Amount offered: $500,000
Amount placed: $385,000