Fusion Farms
Hurricane-protected Aquaponic Farm
Small OPO
Mayagüez, PR
Agriculture
Accepting International Investment
On April 17, 2019, Fusion Properties Managment Group, Inc. (d/b/a Fusion Farms) filed an amendment increasing the authorized shares of Common Stock of the Company from 20,000 to 860,000. At same time, the Company effected a 43:1 stock split, increasing the pre-offering shares outstanding from 10,000 to 430,000.
All shares issued in this Offering at $430 per share prior to April 17th were included in the stock split, and as a result of the stock split, will own 43 shares of common stock for each share purchased prior to the amendment, resulting in the same percent of ownership of the Company.
All shares sold in the offering subsequent to the amendment will be sold at a price per share of $10.
The pre-money valuation of $4,300,000 has not been affected by this corporate action.
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Disrupting Puerto Rico’s Farming Model
Invest in Fusion Farms
Fusion Farms is located in a qualified Opportunity Zone and is the first hurricane-protected, indoor, vertical produce farm located in Puerto Rico.
Our 11,500 square foot concrete building has the capacity for 80,640 total plant net pots which translates to a production capacity of 1,183,000+ ounces of produce per month.
Our pilot project will utilize deep-water rafts to grow mint, basil and microgreens in Phase 1 without soil under LED lights in a controlled environment. Our business model below shows the ability to generate $414,000+ per month in Net Profit from both plant and fish sales.
Our grid-tie solution using renewable energy such as solar, battery backup and generators means that Fusion Farms will not be dependent on the power company and can minimize energy costs.
Tilapia housed in tanks outdoors will be the engine of nutrient-rich water to fuel the plant growth and deliver seed-to-harvest produce in as little as 21 days. Our carousel grow cycle means we can grow our produce year-round with consistent results.
Fusion Farms represents a "fusion" of innovation, talent, impact, urban farming, and food security for the island of Puerto Rico.
"We are standing"
Why Puerto Rico?
Post-Hurricane Maria, Puerto Rico imports 95% of its fresh produce.
With 30 inches of rain in some areas and wind gusts up to 175 mph, Maria devastated Puerto Rico's struggling agriculture. It is clear, Puerto Rico needs a new sustainable agricultural model to feed a population of over 3 million people.
Fusion Farms creates a solution for the island of Puerto Rico and for its communities that face environmental, climate and economic challenges, using a micro-grid, sustainable Controlled Environment Aquaponics (“CEA”) facility implementing vertical farming systems that use 1/10th of the water compared to traditional farming techniques.
Here are the main problems for which we have created this solution:
- 90% or more of the food consumed on the island of Puerto Rico is shipped in, traveling a minimum of 1,500 miles for weeks at a time.+
- 48% of the population live below the federally defined poverty line.*
- 27% of Puerto Ricans are on some form of government subsidies.*
- Puerto Rico Industrial Development Corporation (PRIDCO) has tens of millions of square feet of empty buildings, abandoned in the ongoing economic downturn.
- Ongoing economic crisis, no new jobs, intellectual flight from the island, 39% labor participation rate.**
- 80% of farms were destroyed by Hurricane Maria, just one of two devastating hurricanes where recovery still continues.
Fusion Farms has submitted an application to PRIDCO, which was approved on September 26, 2018. The application is to lease 11,500 square feet of a fully concrete, hurricane-protected industrial warehouse space to be converted to a micro-grid Controlled Environment Aquaponics facility in Mayagüez, Puerto Rico using renewable energy.
Fusion Farms is pioneering the urban farming solution for an island that is starving for food sovereignty. The impact this will have on the island is immeasurable.
We are grateful for the support you provide to make a difference in the agricultural climate and future for Puerto Rico.
We don't measure our day by the harvest we reap...
but by the seeds of hope that we plant.
Our Business is Sustainable Aquaponics
Fusion Farms (“FF”) combines elements of hydroponics, aquaculture and renewable energy in a fully contained and controlled environment. Sustainable Closed Environment Aquaponics (“CEA”) provides a unique combination of technologies and agriculture for the production of a variety of food products, as well as fish, in a CEA facility. Extensive scientific research on aquaponic ecosystems has paved the way for repeatable, scalable food production, which represents an innovative advance in the way food supplies will be grown in the future.
The most simple definition of Aquaponics is the combination of aquaculture (raising fish) and hydroponics (the soil-less growing of plants) that grows fish and plants together in one integrated system. The fish waste provides an organic food source for the plants, and the plants naturally filter the water for the fish. The third participants are microbes (nitrifying bacteria). These bacteria convert ammonia from the fish waste first into nitrites, and then into nitrates. Nitrates are the form of nitrogen that plants can uptake and use to grow. Solid fish waste is turned into vermicompost that also acts as food for the plants. In combining both hydroponic and aquaculture systems, aquaponics capitalizes on their benefits and eliminates the drawbacks of each.
The Offering
Investment
$10/share of Common Stock│When you invest you are betting the company’s future value will exceed $4.4M.
Perks
10% Bonus for Early StartEngine Shareholders
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
"Our solution is the “fusion” of hydroponic growing of agricultural products combined with aquaculture of Tilapia based on the implementation of a comprehensive eco-system consisting of a self-sustaining, renewable, organic Controlled Environment Aquaponics (“CEA”)"
~ Kendell Lang, Founder
How Far We've Come...
As a startup, we have completed our market research, conducted a Feasibility Study, prepared our Business Plan, identified our initial property, negotiated our initial lease, designed the renovation of our initial property, negotiated strategic partnerships in support of our Business Plan, hired consultants to provide cost estimates for all aspects of the renovation, and retained our CPA to review and sign off on our financial projections. We are now ready to accept investment funding that will allow all this planning to be put into action.
We designed a system specific to the feasibility studies, energy needs and food production requirements for what is projected as to be a sustainable and profitable project. The plan includes the use of tilapia, floating rafts, vertical grow towers, rainwater collection, solar, and advanced technology controls.
We have drafted our initial 3D Design for the property; the image to the left provides a visual rendering of the proposed construction and layout.
Our financial projections included in the prospectus have been reviewed and signed by Lcda. Cynthia J. Rijo Sánchez, CPA/Attny.
We have the enthusiastic support of the University of Puerto Rico - Mayagüez and we are pleased that Dr. Rene Esteves and Dr. Luis Mejia are on our advisory board and they are integrating internships for their students from their Department of Agriculture.
Fusion Farms represents a "fusion" of innovation, talent, impact, urban farming, and food security for the island of Puerto Rico.
~Lisa Jander, Co-Founder
Our System
Based on the scale of the model and specs, the plan will include both indoor and outdoor facility use, including but not limited to:
Water use and conservation: Irrigation, flow design, rainwater harvesting
Vertical and horizontal grow designs
Fish farming tanks with observation windows
Testbeds for introducing new fruit and vegetable production.
Renewable energy use: solar and wind (grid-tie microgrid with battery storage)
Technology and automation
Community use: field trips, observation, research, events, tours, etc.
The Technology
The FF model is intended to create an efficient design based on the current elements, adding advanced technology through engineering rigor that will enhance performance and scalability.
Sensory and software components that automate the management and daily operation of the system will be included in this design. Data capture will play a vital role in the success of the model and FF will incorporate the most innovative technologies available within the budget allowed.
The Advantages of Our Pilot Program
By using the Fusion Farms model as a test facility to prove out an effective model, community members will benefit from the transparency of trial and error leading to success. Feasibility, cost containment, use of natural resources, data capture, research, and profitability will all be vital to a thriving program.
The system will be built onsite in Mayagüez with plans to expand to other parts of the island. Because these plans include creating a state of the art sustainable agriculture facility, Fusion Farms can be used to educate and instruct participants in the principles of sustainable agriculture as embodied in the model.
This will assist in the propagation of the model and attract those interested in sustainable agriculture who may have new and additional thoughts and ideas that can be integrated into the model design, creating dynamic sustainable knowledge and IP. This creates an additional revenue model for subscribers to benefit from updates on innovations and improvements.
Planting Timeline
Aquaponics allows crops to grow faster, year-round, using less water and minimal labor while minimizing crop failures. Fusion Farms, in the beautiful Mayagüez district of Western Puerto Rico, is the ideal location to use an existing concrete, hurricane-protected PRIDCO building to grow non-GMO produce high in local demand.
You now have the opportunity to own a share from a CEA facility growing these agricultural products. This is a complete turnkey, hands-off investment opportunity: you invest in the CEA operations but we handle the installation, planting, and harvesting. Our farm team then capitalizes on the maximum sales in the local marketplace through Distributor's, Farmer’s Markets, Direct to Consumer and through local Chefs and Restaurants.
Pilot – Year 1:
6 mint varieties – 45% Production
6 basil varieties – 45% Production
Microgreens – 10% Production
Whole Tilapia – Ancillary Product
Year 2 – reconfirm market demand and feasibility
Butter Lettuce
Cilantro
Plant fruit trees and Moringa
Living Bamboo wall along the perimeter
Year 3 – Develop outdoor expansion under hoops
Strawberries
Green beans
Chard
Peppers
Tomatoes
"The first wealth is health."
~Emerson
Market Supply and Demand
Current Distribution:
- Over 80% of fresh produce is imported
- Only 37% of farms in Puerto Rico have been restored since Hurricane Maria as of December 2018
- Over-inflated prices due to import fees and taxes
- Food often travels over 1,500 miles
- Food is depleted of nutrient value and is poor quality, as the photos to the left demonstrate
Current Demand:
Locally Grown
Non-GMO Organic standards
Better tasting
Farm-to-Table fresh products
Consistent quality
Stable pricing
New varieties
More nutritional value
Food Sovereignty
Easy Local Access
Food consumers can trust
Aquaculture
Outdoor fish farming is used to implement the most advanced sustainable methods of growing, producing and harvesting seafood.
We have chosen tilapia as our nutrient source to grow healthy produce without using chemicals or pesticides. Our fish will be located outside to minimize humidity and maximize food production space inside.
Though the tilapia is less than 5% of our revenue stream, it is our primary source of nutrient value for the plants we grow.
Renewable Energy
Solar
The power supply in Puerto Rico has proven to be unreliable and extremely costly. To provide a hurricane-protected facility, we will be using LED lights and other operational equipment which will be powered by solar, battery backup and diesel generators on a micro-grid system.
MICRO-GRID 400w Solar Power System on both the roof and the shade Pergola for the fish
Net-Zero Agreement with PREPA for autonomy and grid-connected backup
Solar battery storage
Diesel Backup generator
Supplement wind power generation considered when economically feasible through real-time data collection
Rainwater Collection
The application of an appropriate rainwater harvesting technology will make possible the utilization of rainwater as a valuable and necessary water resource. We will harvest rainwater to provide an additional water source for the fish tanks as well as the filtration system for the plants. The roof is designed to capture maximum rainfall to allow for water security when needed.
Food Distribution
Secured relationships with top, local distributors to deliver to restaurants and grocery stores in refrigerated trucks
Will pursue relationships with cruise lines
Will hire locals to distribute produce to farmers markets
Create membership for weekly deliveries through Social Media
Will use the excess to create canned goods such as mint jelly and pesto to ensure no waste
Will be positioned for exporting when economically viable
Will distribute excess to food banks on the island
Will pursue relationships with Costco, Walmart, Sam’s Club at optimum volume requirement.
Your Investment and Ours
Fusion Farms has taken every precaution to protect our investment and yours:
Qualified Opportunity Zone
Hurricane-protection in a concrete building
Energy autonomy using solar, battery and generators
Bio-secure netting to prevent pests and disease
Non-GMO practice to deliver nutritious produce without chemicals or genetic alterations
Flood protection – elevated building and fish tanks with high margin
University partnerships with University of Puerto Rico, Mayagüez, University of Arizona, Arizona State University and Santa Fe Community College in New Mexico
Providing Internships for agriculture students to employ and groom for Phase 2
Scalable for additional locations in multiple locations around the island
No import delays
Very few food miles from farm to table
Consistency through quality control and controlled environment
Providing jobs for Puerto Rico
Superior team to implement and grow a successful and profitable business model
Business Model and Investor Benefits
When construction is complete, our facility will have the following production capacity:
Indoor System:
- Vertical Rack Grow System (leafy green vegetables)
- 144 Total Racks, five (5) shelves per rack
- 80,640 Total Plant Capacity
- Three (3) Initial Agricultural Products;
- Basil (65 Racks with Capacity to produce 507,080 ounces per month)
- Mint (65 Racks with Capacity to produce 672,657 ounces per month)
- Microgreens (14 Racks with Capacity to produce 3,423 ounces per month)
Outdoor System:
- Fish Tanks (eight (8) fish tanks under shade)
- Each Tank is 4,000 gallons holding up to 750 Tilapia
- 6,000 Total Fish Capacity
- 800 to 1,000 Whole, Live Fish Capacity per month
Market Pricing:
- Basil – current market retail price $1.23 per ounce (wholesale price $0.65 per ounce)
- Mint – current retail price $1.25 per ounce (wholesale price $0.75 per ounce)
- Microgreens – current retail price $3.75 per ounce (wholesale price $3.50 per ounce)
- Fish – current retail price $2.00 per pound for whole, live Tilapia
Market Demand:
We have relationships with leading food distributors throughout Puerto Rico[i]*. We have substantiated market pricing (retail and wholesale), as well as market demand through these distributors who have confirmed the high market demand for our agricultural products from their customers.
| Revenue Capacity | Monthly | ||
| Basil | $329,601.99 | ||
| Mint | $504,492.84 | ||
| Microgreens | $11,979.55 | ||
| Tilapia | $3,921.88 | ||
| Sub-total Revenues | $849,996.25 | ||
| Cost of Goods Sold (34%) | $288,998.73 | ||
| Gross Monthly Profit (Loss) | $560,997.53 | ||
| Gross Monthly Margin (%) | 66% | ||
| General & Administrative Expenses (15%) | $127,499.44 | ||
| EBITDA (Monthly) | $433,498.09 | ||
| Financial Expenses | $2,083.33 | ||
| Monthly Profit (Loss) Before Taxes | $431,414.76 | ||
| Tax | (4%) | $17,256.59 | |
| Net Profit (Loss) | $414,158.17 | ||
| % Monthly Net Profit/Sales | 48% | ||
| Investors Return On Investment | |||
| Initial Investment | $107,000 | ||
| Investor Percent Ownership | 2.5% | $10,305.80 | |
| MONTHLY ROI | 9.6% | ||
So, when we achieve production at our full capacity, we project we will be able to generate revenues and resulting profits that show an annual return of $397 for every $430 invested, approximately 92% annualized ROI.
[i] *Sources: CLICK HERE TO VISIT REFERENCE PAGE
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Opportunity Zone
If you have generated a substantial capital gain from your investments in 2018 – congratulations! However, you may also be dreading the huge tax bill that’s coming your way.
The good news is that the introduction of Opportunity Zones by the Tax Cuts and Jobs Act in December 2017 can provide you with an investment vehicle to defer capital gain tax while using the funds from such gain to invest in opportunities like Fusion Farms.
As noted on the Grant Thornton April 18, 2018 Tax Alert, Puerto Rico was designated as a Qualified Opportunity Zone under the U.S. Tax Cuts and Job Act of 2017 (the “Act”). By providing for short- and long-term capital gains tax deferral and the potential for significant step-up in basis, the Act aims to spur long-term investments in low-income urban and rural communities throughout the U.S. and Puerto Rico by investing in a qualified opportunity fund.
Our Commitment
To implement a design in which all elements are preserved, re-used or recycle when possible
Use clean waste-to-energy for sustainable primary power/energy requirements creating a low carbon footprint
Focus on repeatable, scalable methods to expand commercialization of the model
Provide Puerto Rico with all-natural, non-GMO produce
Use green/advanced construction materials when available for use in a wide range of regions and environments.
Create a resource for community development and learning onsite
Follow “best practices” from upper-level management to all employees and staff.
Maintain all certification for food handling and food safety
Impact the Puerto Rican community by proving out a way to reach food sovereignty
Fusion Farms is dedicated to impacting Puerto Rico in a positive way; we are passionate about our farming solution and that there has been no better time to invest in the future of farming.
What Makes Our Team Special
Strategic Partners
University of Puerto Rico, Mayagüez:
Fusion Farms has partnered with Dr. Rene Estevez and his colleague, Professor Luis R. Mejia-Maymi at the University of Puerto Rico Mayagüez to assist with the design and operation of the Aquaponic system. Rene Esteves, PhD is currently serving a dual role as the Extension Leader for the University of Puerto Rico (UPR) Sea Grant College Program which is headed by Dr. Ruperto Chaparro. Dr. Esteves is also the Aquaculture Specialist for the UPR Agricultural Extension Service. Previously he’s served as Puerto Rico’s Fisheries Liaison for the National Marine Fisheries Service of the National Oceanic and Atmospheric Administration. Dr. Esteves is a coral reef fish ecologist whose research interests have focused on larval connectivity of commercially important fish species, changes to coral reef fish community structure due to disturbances and fisheries independent assessments. His double role in the UPR is in part meant to strengthen informal education in small sustainable recirculating aquaculture projects that would both increase food security and offer alternative income for low-income rural coastal communities.
University of Arizona:
Dr. Shane C. Burgess is Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension, Charles-Sander Dean of the College of Agriculture and Life Sciences, and Director of the Arizona Experiment Station at the University of Arizona. He has 188 refereed publications, trained 38 graduate students and has received nearly $55M in competitive funding since 1997. His division has a total budget of $135M with over 3,900 students and more than 1,700 employees. He currently serves on the Agri-Business and Water Council of Arizona Executive Committee, the Board of Directors for Arizona Farm Bureau, and the Governor’s Agricultural Best Management Practices Committee for the Arizona Department of Environmental Quality.
“We need to grow food,” said Pedro Casas. “It doesn’t matter how but we need to grow it. If we don’t teach our kids these things you don’t turn that spark on. Education about agriculture was and still is very low on the island, we need to get into the schools.”
Operational Farm Design Consultants:
Fusion Farms has been working with Jorge Casas to focus on the day-to-day operations of the CEA Farm. Jorge and Pedro were successfully operating one of the largest CEA Greenhouse facilities in PR until it was destroyed by Hurricane Maria.
Jorge understands what it takes to operate an aquaponics farm and will be helping us recruit interns and new hires and make sure they are trained. The entrepreneur brothers set up an expanding distribution network to serve themselves and dozens of other farmers around the island and to help drive the food revolution. With the farming boom comes more farm laborers, drivers and retail workers, and urban produce markets are opening up across Puerto Rico. One such, O-Mrkt in the San Juan suburbs, opened in April 2016 with the Casas brothers as partners.
Tropical Fruit Farm Design Consultant:
Fusion Farms has been working with Sadhu Govardhan, founder of Goverdhan Gardens to focus on the unique challenges of growing tropical fruits native to tropical ecosystems in and around a CEA facility. Sadhu Govardhan is an independent thinker, eco-organic farmer, tropical rare fruit connoisseur, bamboo specialist, and researcher. Sadhu will provide inputs into crop selection for maximum diversification, as well as assist us in designing a living bamboo wall for shade and security.
Aquaculture Design Consultant
Fusion Farms has been working with Dr. Mike McGee of Caribe Fisheries, Inc. to design the fish component of the system. Fusion Farms will be working with Caribe Fisheries to supply the hatchlings and original Tilapia stock for our CEA.
Dr. McGee owns and operates Caribe Fisheries Inc. a tropical aquaculture farm in Lajas, PR. He is involved in all phases of aquaculture and particularly those which may be important to improving productivity and quality of life in PR. Most recently he introduced a new aquaculture species to this hemisphere, the Basa catfish. Puerto Rico is currently the only nation in the western hemisphere to culture this food fish. Exports from Vietnam to other countries of the world are over $1,000,000,000 a year and there is good potential in all tropical regions of the western hemisphere to culture this valuable species(1). He also offers training and workshops related to aquaculture. He is working with Fusion Farms and other institutions to increase awareness of aquaculture in PR.
Dr. Michael V. McGee has extensive experience and training in the areas of aquaculture, aquatic ecology, water chemistry and fisheries science. For the past 18 years he has successfully developed and operated his own aquaculture-agriculture business Caribe Fisheries Inc, located in the Lajas Valley. Caribe Fisheries produces ornamental and food fish species, freshwater shrimp, aquatic plants, vegetables and herbs for sale in Puerto Rico.
Lcda. Cynthia J. Rijo Sánchez, CPA / CR Law & Accounting Services
Cynthia J. Rijo Sánchez is a Lawyer, Notary Public and Certified Public Accountant in the Commonwealth of Puerto Rico.
She obtained her Bachelor's Degree in Business Administration with a concentration in Accounting from the University of Puerto Rico, Mayagüez Campus, graduating with Magna Cum Laude honors. She obtained her Juris Doctor at the Interamerican University of Puerto Rico graduating with honors Summa Cum Laude.
After working for 3 years in Virginia, as an auditor for the Department of Defense of the United States and having participated in several internships, Cynthia opened her private practice during the month of February 2014. Since then she has provided legal and accounting services to individuals, companies, churches and other nonprofit organizations.
She is currently the President-elect of the Association of Certified Public Accountants of Puerto Rico of the Mayagüez Chapter.
Invest in Fusion Farms Today!
Understanding the Opportunity
We believe it's possible to make high returns per square foot with a variety of crops. Please see our CPA reviewed and signed financial projections to understand our financial model. More importantly, the food produced will be fresh, natural, nutritious and grown locally.
Feasibility studies will determine the best crop for the island as well as the system. Many factors will influence the system design as well as the food production outputs. Faster growing times with year-round production will greatly enhance the ability to deliver wholesome foods to the communities in Puerto Rico including restaurants, grocery stores, farmers markets, and other retail distribution.
We Will...
- Create a farm in a building
- Bring people and communities together
- Regenerate unused real estate
- Create viable examples of Urban Agriculture
- Create a "nothing is wasted" approach
- Create lower energy solutions to manufacture, transport and maintain sustainable food supplies; all with a smaller carbon footprint
- Create as many outputs as possible from minimal inputs
- produce alternative plant food sources fish in proteins and other powerful elements
- Connect food sources with nutraceutical alternative for homeopathic and herbal medicine
- Reconnect people with growing food; excite, inspire and engage!
Thank you for being a part of our journey and for helping to make this venture a success!
We believe indoor aquaponics is disruptive and forward thinking and will create new opportunities for Puerto Ricans to learn a different farming model that minimizes the impact of external conditions in order to grow the fresh produce the island needs.
If Puerto Rico were able to replace 90% of its agricultural imports with locally grown produce, it would represent about $3.15 billion that would stay in the island’s economy and around 85,000 new jobs in the agricultural sector.
By using the Fusion Farms model as a test facility to prove out an effective model, community members will benefit from the transparency of trial and error leading to success. Feasibility, cost containment, use of natural resources, data capture, research, and profitability will all be vital to a thriving program.
Offering Summary
Company | : | Fusion Properties Management Group, Inc. d/b/a Fusion Farms |
Corporate Address | : | 2009 Calle Jaime Rodriguez, Mayagüez, Puerto Rico 00682 |
Offering Minimum | : | $9890.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $100.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 1,000 |
Maximum Number of Shares Offered | : | 107,000 |
Price per Share | : | $10.00 |
Pre-Money Valuation | : | $4,300,000.00 |
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
On April 17, 2019, Fusion Properties Managment Group, Inc. (d/b/a Fusion Farms) filed an amendment increasing the authorized shares of Common Stock of the Company from 20,000 to 860,000. At same time, the Company effected a 43:1 stock split, increasing the pre-offering shares outstanding from 10,000 to 430,000.
All shares issued in this Offering at $430 per share prior to April 17th were included in the stock split, and as a result of the stock split, will own 43 shares of common stock for each share purchased prior to the amendment, resulting in the same percent of ownership of the Company.
All shares sold in the offering subsequent to the amendment will be sold at a price per share of $10.
The pre-money valuation of $4,300,000 has not been affected by this corporate action.
The 10% Bonus for StartEngine Shareholders
Fusion Properties Management Group, Inc. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.
StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 10 shares of Common Stock at $430 / share, you will receive 11 Common Stock, meaning you'll own 11 shares for $4,300. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$9,500.00
USD
$5,000.00
USD
Cash And Cash Equivalents
$0.00
USD
$5,000.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$0.00
USD
$0.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$0.00
USD
$0.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$750.00
USD
$0.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
PRIDCO Solar Power System Grant Award Letter - Governor's Presentation
4 days agoDear Friends, Followers, and Supporters,
We had a crazy day yesterday because we were told the Governor’s Press Conference had been postponed. I'm sure you were confused if you saw the LIVE Facebook stream that the event was taking place. We were just as surprised so here's what happened:
CLICK HERE TO WATCH THE FACEBOOK LIVE VIDEO
We decided to go to our building at 1:00 pm just to let people know who might not have gotten the notice. We were stunned when we saw the Governor’s team doing their security sweep and setting up for the Press Conference! They then told us they had decided to go forward without announcing our specific project and they were just going to announce PRIDCO awards to about 10 companies. Our rep, Anthony Cardona at PRIDCO worked tirelessly up to the last minute to get everything done for us but the clock ran out. We are so sorry everyone was not able to attend so the good news is, we will hold our ribbon cutting ceremony when the time is right!
Here is the good news:
•Governor Ricardo Rosselló Nevares came around 4:15 with Secretary Laboy and announced all the incentives for farmers promoting hydroponics and aquaponics
•Eng. Manuel A. Laboy Rivera is the Secretary of the Department of Economic Development and Commerce (DEDC) and Executive Director of the Puerto Rico Industrial Development Company (PRIDCO) so he spoke directly after the Governor about the incentives. You can see our LIVE Facebook broadcast at https://www.facebook.com/kendell.lang/videos/10218095044943726/
•Approximately 185 people attended including many farmers from all over the island.
•We were able to pass out cards, introduce ourselves and hang our Fusion Farms banner.
•Fortunately, we were prepared with water and candy to hand out for the long, hot wait for the press conference to begin.
•We were recognized and awarded a letter signed by PRIDCO confirming our solar grant! We were presented our solar grant award letter at the Governor's podium and shook Governor Rosselló's hand, Secretary Laboy's hand, and the hand of Hon. Tania Vázquez Rivera, Secretary of DNER.
Here is the picture of the start of our Grant Award Letter:
Here is the rough translation:
Estimad@ senor@ Lang:
It is with great pleasure that we announce that your company Fusion Farms has been selected as a recipient of the support funds of the Program to Support Planting of Hydroponics and Aquaponics (PASHA). The Campania de Fomento Industrial de Puerto Rico (PRIDCO) in conjunction with the Department of Economic Development and Trade (DDEC) is grateful for its participation in this economic development effort where re-establishing and expanding hydroponic farming operations will allow the substitution of excessive imports. that are currently carried out in Puerto Rico. After the evaluation of its project, the Campania de Fomento Industrial approved the amount of $ 250,000 in incentives to promote the expansion of its operations.
We will have a do-over where the Governor has graciously agreed to come for our first harvest, so we’ll have another shot at doing this event the right way. We learned that the next time, we would like to have more to show than an empty building. We are more motivated than ever to grow good food for good people. The generosity and encouragement from everyone on the island has been humbling and inspiring. God’s timing is always perfect and we just took the lemons we were given yesterday and made lemonade!
Thank you for your continued support!!!
Ribbon Cutting Ceremony Postponed
6 days agoWe have been contacted by the Governor’s office who has to postpone our ribbon cutting ceremony to a later date. We apologize for any inconvenience and look forward to giving you an updated day and time when the Governor can reschedule for the ceremony.
We hope you will be able to attend the event on the new date!
Governor Ricardo Rosselló - Fusion Farms Ribbon Cutting Ceremony
12 days agoWe are pleased to announce that Governor Ricardo Rosselló Nevares is scheduled to come to the Fusion Farms facility in Mayagüez on Tuesday, May 21 at 2:00 pm. He will be doing a site visit, tour of the building, presentation and Ribbon Cutting Ceremony. Also in attendance will be the Secretary of the Department of Economic Development and Commerce who will be discussing that they have delivered around $9 million USD between the Programa de Hidroponicos and Pymes Innovadoras, the way they drive the agriculture and innovation industry. Fusion Farms is proud to be the first example of what the Department of Economic Development is incentivizing for innovative agriculture solutions, specifically our Hurricane-Protected Aquaponic Vertical Farm! We look forward to welcoming you to this exciting Ribbon Cutting Ceremony. For any of you who are able to attend, please make sure to click on "Reserve" after selecting "Number of Spots" in order to make sure you get on the VIP List!!!
CLICK HERE FOR THE FACEBOOK EVENT:
Governor Ricardo Rosselló - Fusion Farms Ribbon Cutting Ceremony
Our role as owners of this project is to orchestrate the cast of contributors into a well-oiled engine which has the best chance of getting us over the finish line. The contributions which Lisa and I make are those of leadership, organization, project planning, decades of entrepreneurship, decades of fundraising, complex project management, government relations, contract negotiations, marketing, public relations, conflict resolution and people/hiring/relationship management. Lisa and I are definitely followers of the Lee Iacocca school of thought where he said, "I hire people brighter than me and I get out of their way." We have a canvass on which the artistry of our team members can paint an amazing story, so our job is to gather the right team members to be a part of an amazing group of artists who are each contributing something to the canvass. You can see our amazing team at Fusion Farms Team, including our strategic partnership with the University of Puerto Rico Mayagüez.
Fusion Farms is an SEC Registered Title III - Regulation Crowdfunding (Reg CF) Online Public Offering and is actively accepting investment at https://bit.ly/2Wk2PhM. We, of course, welcome any of your connections to consider joining us as potential IMPACT INVESTORS who might want to explore working with us in more detail, so we thank you in advance for any introductions you might be able to provide.
You can see our website at https://www.FusionFarmsPR.com and our introductory video at https://vimeo.com/309160606.
As always, we invite you to:
- Please Like us on https://www.facebook.com/FusionFarmsPR
- Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
- Please follow us on https://twitter.com/fusionfarmspr
- Please follow us on https://www.instagram.com/fusionfarmspr/
- Please Like our videos at https://vimeo.com/fusionfarms/
This campaign has been incredible - it has not just raised capital from individuals (global IMPACT Investors) who care about green, clean, hurricane-protected, aquaponic sustainable agriculture and want to do something about it, but also connected us with people all around the US and beyond. We have attracted investors not only from 26 US states and Puerto Rico, but from Switzerland, Chile, Australia, Singapore, and India so far!
We look forward to our continued progress together!!!
Software Systems
19 days agoAs we continue to progress with our planning, we thought you might enjoy watching a video of a presentation made to us by Agrilyst.
We have gotten a lot of attention from bitcoin and ethereum holders because we can accept payment in those formats. We are also a Qualified Opportunity Zone so we can provide an important shelter against capital gains tax which is a big deal!
Depending on which social media site(s) you prefer, we certainly appreciate if you would consider connecting with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
Please let me know if you have any questions and thanks again for connecting.
Best regards,
Kendell
Notice of Funds Disbursement
19 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Fusion Farms has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fusion Farms be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Success and OVER-SUBSCRIBED on Phase I - Moving to Phase II
26 days agoHello Everyone,
We are so happy to announce that we successfully completed Phase I ($107K) of our Online Public Offering and were OVER-SUBSCRIBED beyond the $106,640 amount authorized in Phase I. The Compliance Team at Startengine has reviewed and approved our CPA reviewed financials, so that means is that we have now been authorized to commence Phase II ($1M) of our Online Public Offering and Startengine has notified everyone that they have filed an amended SEC filing so we now have another 64 days to raise a total of $1,075,000.00 of which we have raised just over $118,000 now.
This campaign has been incredible - it has not just raised capital from people who care about green, clean, hurricane-protected, aquaponic sustainable agriculture and want to do something about it, but also connected us with people all around the US and beyond (we have attracted investors not only from 26 US states and Puerto Rico, but from Switzerland, Chile, Australia, Singapore and India so far).
We want to share some quick facts about our Campaign. We have had 197 prospective investors who Clicked the Invest Button. Of those, we have had 66 investors make 72 investments for a total of just over $118K as of today. We also have 141 Startengine Campaign Followers. What that means is that we have 131 of you receiving this email who are sitting on the fence.
We'd like to invite you to join as an IMPACT INVESTOR in our Campaign to help us finalize our efforts to build out our Hurricane-Protected Aquaponic Vertical Farm in Puerto Rico. Making an investment in Aquaponics will help make Puerto Rico the poster-child for agricultural food sovereignty!
While we've completely sold out through the early adopters and fast movers on Phase I, we don't want you to miss out on Phase II. We don't want you to say, "Dang, we should have bought into Fusion Farms!" so we don't want you to miss out on Phase II.
Please visit https://www.startengine.com/fusionfarms and we hope to include you in our growing list of Investors! We also appreciate the likes, shares, comments and great words of encouragement so thank you for that as well!
Lisa and I were able to attend the "Puerto Rico is Open For Green Business" Summit at the San Juan Convention Center today (https://www.greenbusinesspr.com/), so it was exciting to hear all the opportunities Puerto Rico has to turn around the devastation from Hurricane Maria to an opportunity to set a new course for the Island.
CLICK HERE to see some pictures of our time at the event, including photos of both of us with Governor Ricardo Rosselló Nevares.
Depending on which social media site(s) you prefer, you can follow our progress and stay connected with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
You can always check our progress on the Fusion Farms Website and we're excited that our story has been covered in over 140 media outlets (Fox, ABC, CBS, NBC, CW, Telemundo, and numerous radio and print publications!!!) so you can see those at https://www.fusionfarmspr.com/press-releases/.
As you will see on our Campaign Page, On April 17, 2019, Fusion Properties Managment Group, Inc. (d/b/a Fusion Farms) filed an amendment increasing the authorized shares of Common Stock of the Company from 20,000 to 860,000. At the same time, the Company effected a 43:1 stock split, increasing the pre-offering shares outstanding from 10,000 to 430,000.
All shares issued in this Offering at $430 per share prior to April 17th were included in the stock split, and as a result of the stock split, will own 43 shares of common stock for each share purchased prior to the amendment, resulting in the same percentage of ownership of the Company.
All shares sold in the offering subsequent to the amendment will be sold at a price per share of $10.
The pre-money valuation of $4,300,000 has not been affected by this corporate action.
Please let us know if you have any questions and again, thank you from the bottom of our hearts for your support. We are humbled and appreciative of all the investors who have gotten us to this point!
Best personal regards,
Kendell & Lisa
Fusion Farms
Notice of Material Change in Offering
27 days ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Fusion Farms offering. Here's an excerpt describing the specifics of the change:
Issuer is updating price per share, extending end date of financials, and increasing the max funding goal.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Over-Subscribed!!!
30 days agoHi Kendell,
Congratulations! Fusion Farms has exceeded its maximum funding goal of $106,640.00 and is now oversubscribed.
Congrats again on your success! If you have any questions, please do not hesitate to reach out to Hello@StartEngine.com.
All the best,
The StartEngine Team
We Are Calling SUCCESS!!!
about 1 month agoHey everyone!
There were supposed to be just a few more hours until the end of this phase of our campaign. We were all positioned to announce that we had exceeded our goal, which technically we have, but technology is not cooperating with us. You may have seen that our Campaign was extended and now has 6 days left. Startengine made a decision to extend this phase of our Campaign so they could work out some technical issues.
Our Form C filing with the SEC shows that we are authorized for handling Over-subscriptions in Phase I (the $107K Offering), but they misconfigured their system and aren't allowing our Campaign to be oversubscribed. They are saying we technically only have one (1) share left, so someone trying to buy more than 1 share is being rejected. :( I'm so sorry to those of you frustrated with us about this and we appreciate your patience!
We have investors trying to purchase multiple shares that would put us over the top of the $107K, but they are being put on a waiting list (my deepest apologies to those of you trying to buy on our published last day) until we can get this resolved. They hope to have this squared away before the end of the month (thus the 6-day extension), so we'll do a general update on this once we have the details. Please be assured, if you are on the waiting list, we will get this fixed and give you the opportunity to complete your share purchase.
Nonetheless, we are calling SUCCESS for today!!!
Time flies when you’re having fun, and doing something meaningful, with the potential of having a big impact! So, despite these minor setbacks, we still want to THANK YOU all for your support, your likes, your shares, your comments, and your investments!
This campaign has been incredible - it has not just raised capital from people who care about green, clean, hurricane-protected, aquaponic sustainable agriculture and want to do something about it, but also connected us with people all around the US and beyond (we have attracted investors not only from 26 US states and Puerto Rico, but from Switzerland, Chile, Australia, Singapore and India so far).
Stay tuned for an announcement of our expansion financing commitment for our next buildings beyond Mayagüez coming soon, as well as our surprise ceremony coming with a visit from the Governor!
All our best,
Kendell & Lisa
Co-founders
Fusion Farms
Government Offers Taxpayers a Win/Win!
about 1 month agoI’m not used to seeing the government offer taxpayers a win/win.
But a little known provision snuck into Trump’s 2017 tax reform law is possibly the best tax-advantaged investment strategy offered in decades. And it will help some of the poorest areas of the US too.
It’s the brainchild of Sean Parker, the founder of Napster and the first major investor in Facebook.
Traveling in Tanzania, he realized none of the $2 billion worth of aid flowing into the country each year reached certain poor areas.
And he noticed something similar about the US, in the poor neighborhoods of San Francisco.
Here all his Silicon Valley buddies were sitting on record high gains in almost every asset class after a decade bull run. But they had no incentive to collect their gains, and invest them in the areas that needed it most.
The solution was Opportunity Zones.
It’s a win-win scenario. You get an amazing tax deal, while helping to solve the income disparity in the US.
The legislation allowed states to designate “Opportunity Zones” in almost 9,000 distressed communities across the USA. These are areas with high poverty and unemployment. What many investors have overlooked is that virtually all of Puerto Rico has been classified as an Opportunity Zone!
Here’s how this opportunity works…
1. You sell your asset, and realize an initial capital gain (from stocks, bonds, crypto, real estate, gold, art or most anything else).
2. Within 180 days, you invest some or all of your gains into a Qualified Opportunity Zone Fund, like Fusion Farms :).
3. You defer paying tax on the initial capital gain until Dec 31, 2026. If you’ve held it for seven years, you get a 15% discount on that tax.
(Tax deferral allows you to delay paying taxes so your money can compound at a substantially higher rate.)
4. The Opportunity Zone Fund invests in a Qualified Opportunity Zone Investment (it can buy an existing business, start a new business or even buy real estate).
5. If you hold that investment for 10 years, any capital gains you earn from the Opportunity Zone Fund are TAX-FREE.
The rules are simple, and the funds are flexible.
But there will never be a better time than now to take advantage of Opportunity Zones.
The first reason is simple math. You can only defer the capital gains tax until December 31, 2026.
That’s just seven years away, and you need to hold the Opportunity Zone investment for seven years to get the full 15% discount on your original capital gains tax. That means you need to realize and re-invest your gains by the end of 2019.
You’ll still get a 10% discount on your original capital gains tax if you hold the new investment for five years. So, in theory, you could take advantage of that up until the end of 2021…
Don't miss your Opportunity Zone...be an IMPACT INVESTOR in Fusion Farms!
Adapted from Source:
Simon Black,
Founder, SovereignMan.com
Notice of Material Change in Offering
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Fusion Farms offering. Here's an excerpt describing the specifics of the change:
The issuer is extending the end date of the offering.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Fusion Farms - Puerto Rico Progress Update
about 1 month agoDear Family, Friends, Followers, Investors, and Supporters,
As you may recall, Lisa and I relocated to Puerto Rico last November to "Do Well By Doing Good" and we are excited to give you a quick update about our progress, our vision, and mission.
Both Lisa and I are humbled by what is happening and to let you know that as the FusionFarm 's Equity Crowdfunding Campaign moves closer towards our fundraising goal, we are so grateful for your help! We are blown away that all our supporters, followers, and investors have gotten us to $102,340 and ranked #3 on the Startengine homepage for MOST MOMENTUM!!!
The Fusion Farms Family of IMPACT INVESTORS, supporters, followers, and social media influencers are amazing, thank you!!! ONLY 2 days until our Online Public Offering is complete and CLOSED so can you help us get over the $107K mark?
We'd like to invite you to join as an IMPACT INVESTOR in our Campaign to help us finalize our efforts to build out our Hurricane-Protected Aquaponic Vertical Farm in Puerto Rico. Making an investment in Aquaponics will help make Puerto Rico the poster-child for agricultural food sovereignty!
Please visit https://www.startengine.com/fusionfarms and we hope to include you in our growing list of Investors! We also appreciate the likes, shares, comments and great words of encouragement so thank you for that as well!
Depending on which social media site(s) you prefer, you can follow our progress and stay connected with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
You can always check our progress on the Fusion Farms Website and we're excited that our story has been covered in over 140 media outlets (Fox, ABC, CBS, NBC, CW, Telemundo, and numerous radio and print publications!!!) so you can see those at https://www.fusionfarmspr.com/press-releases/.
We just recently were able to inspect the roof replacement on our building in Mayagüez, so here is the link to our quick video update:
We appreciate the opportunity to give you this update and please let us know if you have any questions or would like to come to visit us in Puerto Rico!
Best personal regards,
Kendell & Lisa Co-Founders
2025 Calle Jaime RodriguezMayagüez, Puerto Rico 00682
(M) 760.445.3315
CEO@FusionFarmsPR.com
We don't measure our day by the harvest we reap but by the seeds of hope that we plant.
Platform Issues with Startengine.com - Sorry Alan DeRossett!
about 1 month agoAs with most technology platforms, even Amazon and Google have had downtime with their websites and various software platforms, so we've copied below our most recent communication with the Tech Team at Startengine.com regarding our inability to respond to comments on the Startengine platform:
We are very serious about responding to comments and normally do so within hours of the postings, but we have been unable to respond to Alan DeRossett based on the software glitch inside Startengine.com, so we're sending out this update with the following message for Alan:
Hello Alan,
Your kind words are greatly appreciated and we're excited with the momentum we've got going!
We would love to welcome you into this round and you've got until next Wednesday, April 24th to invest. For clarity, this is our only anticipated equity offering as all our future funding is projected to be done through loan and debt instruments.
No pressure, and we'd love to have you invest in this round, but understand if there's not enough time for you to review this. We just want to make sure you understand that we're not going to be doing a "next" round.
That said, whatever you decide we sincerely appreciate you taking a look at our opportunity.
Best regards,
Kendell
A Very Sincere Thank You for Getting Us Here!
We just want to share that today Fusion Farms hit an exciting milestone – we are only a few thousand short of the $100,000 mark from investors!
Thanks to supporters and #IMPACTINVESTORS like you, Fusion farms is now ranked #21 on Startengine!! This would not have been even remotely possible without your support, so we want to reach out to say THANK YOU!
Thank you for being our followers, supporters, fans, and investors. Your enthusiasm and excitement for Fusion Farms have always been so important to us and the entire team, and we really do share this exciting moment with you.
Best personal regards,
Kendell and Lisa
The Little Engine That Could
about 1 month agoThe Little Engine That Could is an American fairytale that became widely known in the United States, maybe elsewhere too? The story is used to teach children the value of optimism and hard work.
We are feeling a bit like that Little Engine That Could! #HurricaneProtected #Aquaponics #VerticalFarming is going to become a reality because of all you Little Engines That Did!
Thank you to all of you who have jumped in to become #IMPACTINVESTORS and who have brought is to Rank #22 on Startengine!!! We are blown away with your support of #FusionFarmsand we couldn't be here without you!
We invite those of you looking for a way to contribute to check out our Online Public Offering at https://www.startengine.com/fusionfarms. Don't miss out on owning a piece of the Company! Please like, share and comment if you are so inclined.
FUND DISBURSEMENT
As you might know, Fusion Farms has exceeded its minimum funding goal thanks to investors like you. When a company reaches its minimum on StartEngine, it's able to begin withdrawing funds-- this is one of the last steps to finalizing investments.
Fusion Farms has begun this "Funds Withdrawal" process and your investment will be part of this!
The company will withdraw funds on 2019-04-24 and you will have until 2019-04-20 to cancel your investment.
After the Funds Withdrawal is complete, you will receive your countersigned subscription agreement, along with a ceremonial stock certificate. You can check your investment status by logging into your StartEngine account and clicking your name in the top right corner, then "View My Investments" or by going to your Investor Dashboard here.
If you have questions about your investment, please contact us at Contact@StartEngine.com.
This campaign will continue to accept investments until its indicated closing date.
SOCIAL MEDIA CONNECTIONS
We started this company with one goal: to bring more hurricane-protected, healthy, and delicious leafy greens to the people of Puerto Rico. Your investment will help us do just that. After hitting our minimum campaign goal, we’re going to be able to start our Pilot Project production in our warehouse, get our initial crop growing, get to our initial harvest, and reach more customers.
Please help us spread the word on our Fusion Farms Campaign by sending a note to your friends, family, and fellow investors, and by sharing the campaign on social media. We’ll be keeping you in the loop with monthly investor emails and Campaign updates.
Depending on which social media site(s) you prefer, we certainly appreciate if you would consider connecting with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
If you have any questions or feedback, we are happy to make time to email with you or get on the phone.
Thank you again and welcome to the Fusion Farms Family of #IMPACTINVESTORS!
Kendell & Lisa
Co-Founders
Fusion Farms
Produce Safety Alliance Certification
about 1 month agoMake things better by making an IMPACT. "Doing Well By Doing Good!"
Everything in the world we now enjoy is that which we have inherited from our forefathers – the water we drink, the food we eat, the place we live – if it’s good, it’s good because someone, a generation or more ago, decided to make it better. And if it’s not good, or needs renovation or a new solution, only our action is going to make it better.
We have seen the world around us, we see the opportunity to make it better and if we try and be IMPACT players, we can see it becoming better. We are visualizing a better food source and #FoodSovereignty for Puerto Rico and our plan is to make it better. One small step in that direction is becoming Certified under the new Food Safety Modernization Act (FMSA). Both Lisa and I are now certified, so here's one certificate:
Your view of making an IMPACT might be different. It might be a podcast or a political campaign, an engineering insight or a contribution to a cause. It probably involves finding and organizing others on a similar path. It definitely takes guts and perseverance.
It is our belief that we each have a chance to make an IMPACT. To announce our vision, to propose a change, to do the hard work to make things better.
It’s on us, right now. Will you join us?
Make things better by choosing to make an IMPACT!
Notice of Funds Disbursement
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Fusion Farms has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fusion Farms be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Progress Update & Whitelist Fusion Farms Email
about 1 month agoSo the building just had a completely new roof put on it, so we thought a couple of quick videos to show you progress were in order:
We didn't splice these videos together, so here's the second video snippet:
And here's the final roof repair update video:
And, thanks to our newest IMPACT INVESTORS we are pleased to announce another big milestone in our funding:
To ensure prompt and direct delivery of notifications related to your account (including the updated status of your investment in our campaign, account updates and more) please whitelist emails from CEO@FusionFarmsPR.com.
Please follow the resource link below on how to whitelist an email:
Fusion Farms - The Race To The FINISH LINE!
about 1 month agoWe are in the final stretch and the race to the finish line!!! ONLY 10 days until our campaign is complete and CLOSED. As #FusionFarm’s #EquityCrowdfunding Campaign moves closer towards our fundraising goal, we are so grateful for your support that has gotten us to $52,890 and ranked #29 on the Startengine homepage!!!
We'd like to invite you to join as #IMPACTINVESTORS in our Campaign to help us finalize our efforts to build out a #HurricaneProtected #Aquaponic #VerticalFarm in #PuertoRico. Investments in #Aquaponics will make Puerto Rico the poster-child for agricultural #foodsovereignty!
When you have had a chance to evaluate our business opportunity through the Online Public Offering, you have to then make an independent decision about investing and the beauty of the Online Public Offering is that we do not have any investment bankers or brokers or anyone trying to "sell" you on the opportunity. We present everything in our Campaign Page and if you like it, you buy the stock on your own without any pressure from a broker, agent or promoter. This takes the pressure off as no one is going to put a hard sell on you :).
With that said, we welcome the opportunity to get on a phone call or respond to email inquiries (CEO@FusionFarmsPR.com) and answer any questions you might have after you've reviewed the Online Public Offering.
Sixty Days Ago - Thank You!!!
about 2 months agoIt was sixty (60) days ago, February 10, when we launched this video at ZERO views. We are so thankful and appreciative to all 63,473 viewers of our video! Many of you have also shown your support by voting with your checkbooks and making a $430 investment (and more!) to own a share of the Company. We have 15 days left in our campaign and we'd love to have you join us!!! Go to https://www.startengine.com/fusionfarms to learn more.
https://www.facebook.com/FusionFarmsPR/videos/464096764125149/
When you have had a chance to evaluate our business opportunity through the Online Public Offering, you have to then make an independent decision about investing and the beauty of the Online Public Offering is that we do not have any investment bankers or brokers or anyone trying to "sell" you on the opportunity. We present everything in our Campaign Page and if you like it, you buy the stock on your own without any pressure from a broker, agent or promoter. This takes the pressure off as no one is going to put a hard sell on you. But, that also means you have to take the initiative and buy the stock on your own so you don't miss when our Offering closes in 14 days!
As #FusionFarm’s #EquityCrowdfunding Campaign continues towards our fundraising goal, we have 15 days until our campaign is complete. Your support has allowed us to dream big at Fusion Farms. Would you consider investing in our Campaign to help us finalize our efforts to build out a #HurricaneProtected #Aquaponics #VerticalFarm in #PuertoRico? Investments in #Aquaponics will make Puerto Rico the poster-child for agricultural #foodsovereignty!
Final Presentation Before CLOSING - April 23, 2019 @ 1:00 pm Eastern
about 2 months agoHello Fusion Farm Followers, Friends, and Investors,
We want to make sure you saw this unique investment opportunity to invest alongside us and be an equity owner in our Pilot Project building located in Mayagüez, Puerto Rico totaling 11,500 square feet on 1.45 acres. This investment opportunity includes an existing concrete warehouse building in Mayagüez which we will be converting to a Hurricane-Protected Aquaponics Vertical Farm. This property is in a very good location, being leased at a below-market price and projected to bring in good overall returns for all investor owners.
We will be holding an informational webinar about this investment opportunity for all potential investors interested in being an equity owner with us in this property. On the webinar, Lisa and I will go through and discuss the underwriting, the projected returns, and the experienced team we have assembled to execute the business plan.
The one-time informational webinar will be held on Tuesday, April 23rd at 1:00 PM Eastern / 10:00 AM Pacific time.
If you are interested in learning more and potentially being one of the equity investor owners with us in this business then I would highly recommend you join Lisa and me on the webinar.
------> Click on this link to get registered for the webinar
During the presentation, you will also have the opportunity to ask questions about the project.
To Your Success,
Kendell, Lisa & The Rest of the Fusion Farms Team
P.S. Please note Fusion Farms is a Title III - Regulation CF Online Public Offering (OPO) with a Form C on file with the SEC and is actively accepting investments. https://bit.ly/2Wk2PhM. If you are interested in investing in an Aquaponics Farm, I highly recommend you join us on the webinar. Click here to register.
Puerto Rico - Produce Safety Alliance
about 2 months agoFor the past 2 days, we have attended a certification program on Food Safety. The information is vital to the health of a farm as well as the consumers who benefit from what the farm produces.
Much of the emphasis is on traditional farming and all of the potential contamination events that can happen in the field and post-harvest in spite of best efforts. The soil, the water to irrigate the vegetation and even the process to wash the produce can provide a perfect environment for pathogens to take hold. With the expanse of so many traditional farms along with the rate at which bacteria, viruses, and pests can multiply, it is an ongoing battle that keeps farmers working around the clock.
The beauty of your investment in Fusion Farms and indoor vertical farming is that you can control the environment in a way that minimizes the risk and produces consistency and predictability in an otherwise random industry. The water can be tested, filtered, naturally enhanced with nutrients, and even cooled to ensure success; something that would be impossible on a 100-acre farm. In hydroponics and aquaponics, the roots are not grown in soil but in water where the nutrients flow evenly reaching every part of the root structure evenly on each and every plant.
Growing in soil is another matter. Vegetation planted in the soil is only as good as what the roots come in contact with. If there is nutrient depletion, mold spores or an underground pest, it will be extremely difficult to identify and prevent damage or crop loss.
Outbreaks of E. coli, Salmonella and other pathogens have increased as risk factors in traditional farming and the need for food safety becoming more critical. Unfortunately, some of the efforts to eliminate the risks have caused more than their fair share of consequences, thanks to GMO’s and pesticides (which is a post for another time.)
That is precisely why hydroponics and aquaponics are becoming a focal point for the future of agriculture. Consumers are more educated and they are paying more attention to the “condition” their food is in when it hits their dinner plates.
People are starting to care where their food is coming from and the influence under which it is grown. Consumers are starting to embrace the concept that local food is better for you – whether traditionally grown or hydroponically. What is important to realize, however, is what the food was exposed to (locally or not) from seed to harvest and beyond.
Food safety is a big responsibility for all farmers. But to what end will farmers go to make sure their produce is safe? Best practices are not always the cheapest; indoor vertical farming is costly up front but the results and long-term benefits are far more consistent and nutritious than what can be achieved outdoors, in most cases. Outdoor organic farmers face far more stringent regulations and practices, not to mention the cost involved. It is not an easy business.
Your investment in Fusion Farms is a progressive bet that Controlled Environment Agriculture will change the way we grow, distribute and eat meals that come from sustainable, healthy, chemical-free, non-GMO produce with a low carbon footprint.
Now THAT’s a happy meal!
We Just Broke $31K!!!
about 2 months agoThe #Aquaponics equity #crowdfunding #FusionFarms campaign has raised $31,390 and is now ranked #36 on the homepage of StartEngine! Thanks to all our investors who have gotten us to this benchmark and we're looking forward to climbing up the page! #HurricaneProtected #verticalfarm cannot be destroyed like traditional #agriculture. Fusion Farms is engineering a method for organic vertical #aquaponics to survive and thrive even in the face of catastrophic Puerto Rican weather events like Hurricane Maria. Visit the Fusion Farms investment strategies page to learn more and invest! https://www.startengine.com/fusionfarms.
Please go to https://www.startengine.com/fusionfarms to evaluate what we are doing in Puerto Rico and why we moved here! We appreciate in advance your consideration of partnering with us on this important project.
My wife Lisa and I had been in escrow back in mid-2017 to purchase a 37-acre tropical fruit farm in Las Marias in the western part of Puerto Rico up in the mountains. The property was in two lots, both part of an inheritance situation. We could not get ownership or easement to the lot which gave primary road access to the main property, so we canceled escrow which occurred 10 days before Hurricane Maria.
Of course, Hurricane Maria put Puerto Rico squarely on the map September 19, 2017, in terms of natural disaster and humanitarian relief. The general public doesn't realize that 80% of farms were destroyed by Hurricane Maria, just one of two devastating hurricanes where recovery still continues. The devastation to the island, the people and the farms crystalized the need for us to implement hurricane-protected vertical farming.
Although we had explored buying farms in Costa Rica, Chile, and Italy, after having spent two 30-day trips to Puerto Rico prior to Hurricane Maria and two trips post-hurricane, we made our decision and moved to Puerto Rico last November. We are now Rincónians! This was in large part because of the acceptance of our proposal to renovate an empty building owned by the Puerto Rico Industrial Development Company (PRIDCO).
We formed Fusion Farms (a Puerto Rico corporation), which is designed as a Controlled Environment Aquaponics or CEA facility for sustainable, renewable, energy efficient indoor growing of organic food in hurricane-protected buildings.
You can see our website at https://www.FusionFarmsPR.com and our introductory video at https://vimeo.com/309160606.
Take a look at the warehouse building photos at https://drive.google.com/open?id=1-Up8f1kZblx73t2tw0Wq_kvb8jm-nC7h.
We have a variety of drone videos of the property which you can see at https://drive.google.com/open?id=1-yPAqxZ982NzjkhUcPNDl_9a1W5skPcW.
Our plan has been thoroughly reviewed and accepted by PRIDCO. We have secured a 10-year lease on an empty, concrete building which is 11,500 square feet located in the Guanajibo Industrial Park in Mayaguez.
We have several key strategic partners to help us prove that indoor growing of vegetables and supported by outdoor fish is an economically viable aquaponic solution.
You will be pleased to learn more about some of our strategic partners from the University of Puerto Rico - Mayagüez, so you can see their BIO's at https://www.fusionfarmspr.com/university-of-puerto-rico-mayaguez/. We are also blessed to have the Casas brothers, Jorge and Pedro on our team. You can read about Jorge at https://www.fusionfarmspr.com/agroponicas-operational-farm-design-consultant/and his brother Pedro is now part of the team at Santa Fe Community College in New Mexico so you can read more about him and his professor, Charlie Shultz at https://www.fusionfarmspr.com/santa-fe-community-college-new-mexico/.
Once we prove out the Pilot Program in our first facility in Mayagüez, it can be quickly and efficiently scaled to provide a major impact on Puerto Rico economic development by repeating the solution in many other empty buildings across the Island.
Please let us know if you have any questions about our plan and we welcome the opportunity to talk with you. We also have a Subscription Document and Offering Prospectus if you are interested in knowing the details about investing in Fusion Farms.
Best personal regards,
Kendell & Lisa
Fusion Farms
760.445.3315
CEO@FusionFarmsPR.com
P.S. Would you be able to help us get over the $50k mark?
One share is one vote in support of our project. We appreciate in advance and every sale of one share matters!
HUGE Milestone - Victories #4,783 and #4,784
about 2 months agoToday's update is coming from me, Lisa Jander, a Co-Founder of Fusion Farms.
Fusion Farms in Puerto Rico has been a wild ride since we moved here in November 2018. Though the milestone numbers are not real ;) – they feel real. They represent the thousands of big and small victories we have accomplished over the past 5 months – too many to count.
The CEO, Co-Founder, and my husband, Kendell, has worked tirelessly through the maze and mountain of paperwork needed to comply with the USDA, FSA, PRIDCO, and all the other government agencies requirements to move our project forward. He's also been doing our Investor Updates, so today he gets a break! Not only that, but he's been building relationships, educating and negotiating with lenders and has been really excited about the way Oriental Bank has stepped up.
If you have ever been exposed to grant writing or commercial loan applications, you know it’s not easy. Even harder is the equity fundraising for a startup project the size of ours, as you can imagine.
So, today was HUGE and I am proud to give a big shout out to my husband!
Milestone Victory #4,783
To lay the groundwork, it is important to understand a few things:
- Most of the meetings have taken place in San Juan (2.5-hour drive) or high up into the mountains for meetings, workshops, and face-to-face conversations, often on very short notice.
- Hundreds, if not thousands of hours researching the uncharted path necessary to achieve our goal
- Puerto Rico runs on island time
- And the biggest barrier of all…we do not speak Spanish!
Now that you have a better framework of what keeps us busy, imagine our excitement when just this morning, Kendell was presented with a Conditional Commitment Letter for a Loan from Oriental Bank in the amount of $1,500,000! Is that not a HUGE accomplishment?! Not only that, but the USDA has confirmed with Oriental Bank that they will be providing a Federal Loan Guarantee on the loan up to 80%!
This success is not only monumental for the continued momentum of the project, but it is also a key piece in the REAP grant application and scoring process (a competitive process, so we want to score higher than other applicants!), which leads me to…
Milestone Victory #4,784
REAP stands for the Rural Energy for America Program (REAP), which provides grants and loans to farmers and businesses for renewable energy and energy efficiency improvements and purchase of wind, solar or other renewable energy systems. It also provides grants to help farmers with energy audits and renewable energy development. And the amounts are significant – so is the work involved to apply for the grant.
I have watched Kendell plow through piles of paperwork and ink cartridges to assemble the REAP Grant Application which is due by April 1, 2019. This is a critical piece for our solar project funding and will give us 25% of our budget needed for renewable energy. This is equivalent to $153,250 so getting the grant application completed was a key step in our overall financial feasibility.
I am proud to say, Kendell is currently at FedEx shipping the 243-page application in 2-inch binders to the USDA overnight as we speak!
Success comes in different forms. Today marked the success of 2 extremely important accomplishments for Fusion Farms. We are so grateful for the support of our friends, family, investors and those who have recently joined us on this journey.
We invite others to join us and become part of the Fusion Farms Family by owning a piece of the Company.
Our Offering is closing in 27 days and with the financing we now have in place, it takes a big chunk of the capital needed (and the risk) out of the way. That said, we are still very committed to inviting new investors to help us grow our project from the ground up!
Thank you from the bottom of our hearts and we are excited to see what tomorrow brings!
All my best,
Lisa
P.S. We are so excited with the support we are getting from the Community, so I just couldn't help sharing some additional comments!
"Thank you for growing a greener healthier tomorrow! May you be blessed with abundance of harvests filling all existing orders and more! Health and happiness is your future! Be Blessed! Believe! Receive! Achieve!"
~ Paul S.
"About time somebody helped the Little farmers helping the community with all natural Veggies and herbs."
~Loren C.
"I love what you are doing! I have grown vegetables and fish using aquaponics on a small scale and it is a very awesome way to grow food! I applaud your efforts and hope for your success!"
~Becky R.
"We are starting an aquaculture farm school do you have any more videos that we could watch about your facility, also do you have tours of your facility."
~Lisa W.
"Fusion Farms That's very cool! You two are living the dream. I am very passionate about hydroponics/aquaponics and would love to leave the US to work for you guys. :D"
~Erik H.
"If you wish help in developing a marine version, let me know as that is my field of study."
~Michael H.
"Is there a benefits package for those that wish to invest? I would like to know how much the shares are and what are the Rewards for buying shares?"
~Jason S.
"I really love this idea however I would like to see those fish provided with a more comfortable environment so that they have a place to live their lives out while they contribute to this very worthwhile project."
~Lisa S.
Notice of Funds Disbursement
about 2 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Fusion Farms has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fusion Farms be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Thank You!
2 months agoBoth Lisa and I want to personally reach out and thank you for supporting Fusion Farms. The world just got a little (leafy) greener because of you.
We started this company with one goal: to bring more hurricane-protected, healthy, and delicious leafy greens to the people of Puerto Rico. Your investment will help us do just that. After hitting our minimum campaign goal, we’re going to be able to start our Pilot Project production in our warehouse, get our initial crop growing, get to our initial harvest, and reach more customers.
Please help us spread the word on our Fusion Farms Campaign by sending a note to your friends, family, and fellow investors, and by sharing the campaign on social media. We’ll be keeping you in the loop with monthly investor emails and Campaign updates.
Depending on which social media site(s) you prefer, we certainly appreciate if you would consider connecting with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
If you have any questions or feedback, we are happy to make time to email with you or get on the phone.
Thank you again and welcome to the Fusion Farms family.
Kendell & Lisa
Co-Founders
Fusion Farms
Community Member Comments
2 months agoWe are really grateful for the Community of supporters and investors who have rallied around the Fusion Farms vision!
We want to give you a few comments from folks who have allowed us to share their kind words:
"Once I start making sales I will be able to join in for a share. I am literally broke at the moment. No need to sugar coat it. I pray for Fusion Farms daily. I know this is the best for the Island. I will be spreading the word" ~Henry S.
"Lisa and Ken,
Thanks so much for what you are doing AND for the info you shared today at the meeting. My husband & I are the ones who spoke with you afterward from New Mexico. We wish we could invest thousands, but humble retired educators/social workers typically aren't in that ballpark, but I think we are going to be able to purchase two shares. We would love to have a conversation in the future to discuss how we can help you. This is part of our reason for being in PR and what you are doing is exactly what we are interested in." ~Dawn P.
"Hello! And, greetings from Southern Maryland! I am developing a business plan for a local aquaponics farm. We want year-round access to local foods. This will be a co-op with the community. Please help in any way! Testimonials and guides are fantastic. Sponsorship is definitely welcomed. My desired request is assistance in bringing healthy foods to my community and work to reduce at-risk individuals. I don’t have a lot of money, but I do have time! I am a research biologist and would love to help create standard operating protocols for your aquaponics systems. Having a basic fundamental working procedure provides great access to expanding your endeavors. Please contact me further, I am happy to contribute!" ~Blake G.
The Community of people who are interested in Fusion Farms wasn’t invented by Kendell and Lisa. They may temporarily be organized by us, introduced to each other (and new ideas) by us and hopefully challenged by us. But, as the world changes, the community obviously has other places to meet their interest in this movement in addition to Fusion Farms. That is part of the educations and inspiration we are hoping to encourage in our Community.
The Community of people who are following Fusion Farms may not always be aligned with us, personally. Instead, they’re aligned with each other, with the way it feels to be part of this movement. We will have considered our venture a success if you have been moved or challenged to pursue this idea.
The Community of people who are apart of the Fusion Farms following are into food sovereignty and sustainable, renewable energy in support of non-GMO, non-chemical Aquaponics. But if Puerto Rico Food Sovereignty gets solved and the current Food Crisis Issues went away, the Community wouldn’t disappear. When Fusion Farms produced a solution for the Puerto Rico Community, that’s precisely what we did. Doing it for the Community. Most folks looking in from the periphery might wonder what it’s for, or hesitate at the price of investing, but for those in the heart of the community, it’s a no-brainer, right here and right now.
We appreciate being the custodians of this amazing Community for the time we have been given, thank you!
Investor Update - Minimum Campaign Achieved!
2 months agoDear Investors and Supporters of Fusion Farms,
As you know, we have been working hard to launch Fusion Farms in Puerto Rico to help the island move toward Food Sovereignty. We have been promoting our project through many sources, one of which is Start Engine where you expressed your commitment.
We thought it would be a good time to share the current status and what our plans are to move forward at this time.
The way that StartEngine works is that a minimum funding goal had to be achieved before we can advance. Thanks to all of you we achieved and exceeded that goal!
Below is a brief explanation of additional goals and how that works and how you are supporting our progress!
1. First, the Startengine platform requires that we raise 107k before we can increase our offering to the full amount of the maximum Reg C Offering which is $1,075,000. We currently have 29 days left and have raised $25,370, so thank you for helping us achieve this level of investment! Please forward our Fusion Farms Campaign Page to your contacts to make sure they don't miss out before our campaign closes!
2. Second, we are excited to announce that we have an incremental Pilot Project plan based on a $10,000 +/- budget that will allow us to construct a small pilot project and allow us to prove that we can grow plants inside our building. That does several things; a) it allows us to start growing very quickly, b) it allows us to distribute limited product to key customers, and c) it gives us the ability be in operations mode, not just startup mode.
3. We promised each of you that before we ask Startengine to disburse funds at this stage, we are reaching out to all the investors to let you know about this strategy and that we are going to ask Startengine to collect and release the money that has been pledged to date.
4. The opportunity to get our Pilot Project going is an awesome next step for us, so once the funds have been released, we will be able to start production! From the time we construct our rack system and put seeds in our sprout trays, we can get to our first harvest in 21 to 28 days!
We are excited about the momentum we are building and have some fantastic interest and commitments from restaurants and distributors once we have the products to sell! We are in negotiations with a MAJOR brand name on a pre-purchase agreement that we hope to secure in the coming weeks.
Thank you in advance for your support and if there is anything you need from us to solidify your commitment, please feel free to reach out; we are happy to answer any questions! Thanks for believing in Fusion Farms!
Please be sure to connect with Start Engine to finalize your share purchase!
Finally, depending on which social media site(s) you prefer, we certainly appreciate if you would consider connecting with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
Please let us know if you have any questions and thanks again for connecting.
Best regards,
Kendell & Lisa
"Before-and-After" Building Photos
2 months agoWe had previously posted some "Before-and-After" photos of our 11,500 square foot building in Mayagüez, Puerto Rico, but it was at the end of an Update and not sure the impact came through, so we are resending this as its own update. This is the kind of transformation we are excited to be taking a part in changing the economic baseline and giving this Island nation "Food Sovereignty".
Campaign Survey Q&A Update #2
2 months agoThank you to all of you who have completed our Campaign Survey!
Here is an additional question which came up as part of that:
QUESTION: I believe you would get more investors here if the shares per investment were greater. For example, I invested $1290 for just 3 shares in your company and for Atlis motor I invested $609 for 2,100 shares. Visually it seems like I’m better off investing all much money with Atlis. Not sure if this is making sense but most can’t afford more shares with your company.
ANSWER: In our current offering, we have 2,500 shares to sell out of 20,000 shares authorized with 10,000 issued and outstanding. The valuation of the company is published at $4,300,000 so we are currently intending to sell 248 shares and complete our first raise of $107,000 and then file an amendment to increase the offering to the whole 2,500 shares @ $430 per share and raising a total of $1,075,000.
What we are discussing doing is complete a stock split which will end up putting our per share price at $10 per share, or less. This means we need to split the stock in order to end up with 430,000 issued and outstanding shares (or 860,000 total authorized). This calculates out to a 43:1 stock split, so for all 20,000 shares authorized, they split 43:1 thereby giving us authorized total shares of 860,000.
This would get our price per share down to $10 per share, but this represents a "Material Change" and will have to be submitted to the SEC along with updates to all our corporate materials. This would also mean going back to all existing investors and getting their approval for this change. We are considering doing that for exactly the reasons you point out, but this will take time to implement so we will keep you posted with our progress. Thanks for your feedback and thanks for investing!
If you haven't had a chance to take the Survey, it's a simple six (6) question survey that we promise won't take you more than two (2) minutes to complete. Just CLICK HERE to go to the Survey and thanks in advance for helping us get this important feedback!
Campaign Survey Questions
2 months agoThank you to all of you who have completed our Campaign Survey!
We thought we'd share a couple of the questions which came up as part of that:
QUESTION: How much will go towards educating the people here about how to be self-sustainable? How affordable is this compared to old fashioned farming?
ANSWER: A portion of our operating budget includes the partnerships we have with both the University of Puerto Rico - Mayagüez, as well as with the University of Arizona. We will be hosting training classes for schools and community outreach where we will be showing anyone interested in learning how to do variations of what we are implementing at home and on smaller-scale personal projects. In terms of affordability, the question we are really answering is how can you afford to build a farm that is not protected from the next Hurricane???
QUESTION: You talked about expansions, are our shared part of the expansions or are u going to put out another offer. How are we updated on the development of the build-out and production start?
ANSWER: As a shareholder, you will receive regular updates from the Company via a variety of sources, such as our website, email, social media and the more formal Company updates which will be sent monthly to investors via email. The beauty of buying in now is that you become a shareholder in all current and future operations of Fusion Farms, so you will benefit from all expansion and all future projects. We are not planning on doing any additional equity capital raises because we believe the profits will allow us to grow organically and we will have commercial lending sources to finance future growth.
If you haven't had a chance to take the Survey, it's a simple six (6) question survey that we promise won't take you more than two (2) minutes to complete. Just CLICK HERE to go to the Survey and thanks in advance for helping us get this important feedback!
Campaign Survey & Building Tour
2 months agoFUSION FARMS SURVEY
We are very interested in learning how you first discovered Fusion Farms.
It would help us tremendously if you would be so kind and take two (2) minutes of your time to answer six (6) short and easy questions.
We appreciate in advance your consideration of this request and your feedback will help us make sure our message is on track and that we are reaching the right people in the right places!
CREDIT CARD UPDATE
We also want to let you know about an exciting update to StartEngine's platform. You can now invest up to $10,000 via credit card in the Fusion Farms offering on StartEngine. Previously, credit card investment amounts were capped at $2,000. We are excited to enable our investors and give them greater flexibility in how they invest in Fusion Farms on StartEngine's platform.
FUSION FARMS WEBINAR
We previously held a Webinar and had a tremendous response to that, so if you'd like to participate in our next Webinar, please email us at CEO@FusionFarmsPR.com and we'll make sure you get on the invite list.
FUSION FARMS BUILDING TOUR
If you happen to be in Puerto Rico and would like to come by and visit our building in Mayagüez, please send us an email at CEO@FusionFarmsPR.com and we'll be glad to arrange a personal walk-thru. We hosted our first building tour last week for the International Friendship Club after presenting to about 60 of their members, so it was really great to have our first "Neighbors" tour our building. Below is one photo inside our building with the group and the second photo is at the front entrance to our building.
Your Investment In Fusion Farms
2 months agoThank you to those of you who are on your way to owning a piece of Fusion Farms. We have received your investment commitment and some of you have completed your transaction, others are still pending. If you are unsure about the status of your investment, please feel free to email us at CEO@FusionFarmsPR.com.
Here are some Frequently Asked Questions (FAQ's)
Has my credit card been charged?
Not yet! Your card will only be charged if the company successfully reaches its minimum funding goal and once it decides to withdraw funds. To learn more about when a company can withdraw funds, feel free to refer to this article. Fusion Farms has not made any decision to withdraw funds yet and we will notify everyone when we do so.
What is the name that will appear on my billing statement?
The name that will appear on your billing statement will read "*|STE|*" followed by the first 15 characters of the Company's name or |STE|FusionFarms.
Am I officially an investor?
Not quite! You'll receive official documentation of your investment and applicable shares if the campaign closes successfully.
When can I cancel my investment?
The company will notify you if it intends to withdraw funds. You will have up until 48 hours prior to that disbursement date to cancel your investment. Your card will only be charged at the time the company disburses funds; once your card has been charged you cannot cancel your investment.
How can I communicate with Fusion Farms?
Our Campaign Page has a "Comments" section where you can post your questions, comments or observations, so we look forward to interacting with our Community in this section of the Campaign Page. You can also send private questions to us at CEO@FusionFarmsPR.com.
You can view the progress of your investment in your StartEngine Investor Dashboard at any time. If you have any questions or concerns about your investment, please write to us at CEO@FusionFarmsPR.com.
Thank you for fueling the mission of Fusion Farms.
Kendell & Lisa
Co-Founders
Fusion Farms
Property Walkthrough Tomorrow March 14, 2019
2 months agoFriends, we are excited to be hosting a Property Walkthrough tomorrow, March 14, 2019, at 12:00 noon and you're invited to join us. We are going to be presenting Fusion Farms in the morning at 8:30 am at the monthly International Friendship Club in Mayagüez and then we as a group will go over to the building and talk about HOW we got the property, WHAT repairs we plan to do and what is our BUSINESS MODEL.
Come down and learn with us. Bring your thinking cap and get ready to be part of our the team for a few hours while we analyze and run the opportunity.
What: Local FUSION FARM Project
When: Thursday, March 14 @ 8:30 AM for breakfast and Presentation - 11:30 AM to 12:30 PM for the building tour.
Where: Mayagüez, Puerto Rico
Please wear closed toe shoes; no flip-flops allowed. Bring your thinking cap and get ready to be part of our team for an hour while we analyze and run through our numbers. Come down and check out for yourself if this is the right investment for you.
I'll email you the street address as soon as you RSVP. This event is by invitation only and not open to the public. You can call or text me at 760.445.3315 with your RSVP.
Below are some "Before-and-After" photos of our 11,500 square foot building in Mayagüez, Puerto Rico, so this is the kind of transformation we are excited to be taking a part in changing the economic baseline and giving this Island nation "Food Sovereignty".
PUERTO RICO RURAL INVESTMENT SUMMIT - PROGRESS REPORT
3 months agoPUERTO RICO RURAL INVESTMENT SUMMIT
National Rural Lender's Roundtable
This past Thursday and Friday we were invited to attend the Puerto Rico Rural Investment Summit hosted by the National Rural Lender's Roundtable at the San Juan Condado Plaza Hilton. Our invitation was thanks to Michelle Torres, our representative from the USDA, so a big shoutout to Michelle for making sure we attended this event! Great meetings with the leadership from the SBA, USDA, various Secretaries of Departments of the Government of #PuertoRico and a number of lenders including Thomas USAF Group, Touchmark National Bank, Live Oak Bank, and #OrientalBank. Some incredible loan guarantee programs on the government incentive side, combined with lenders who are really excited about what #FusionFarms is doing with our #HurricaneProtected #Aquaponic #VerticalFarm!
We had a great conversation with Secretary Manuel A. Laboy Rivera, Eng. who heads the Department of Economic Development and Commerce for Governor Ricardo Antonio Rosselló Nevares Administration, pictured below, will be visiting our facility in Mayagüez in the coming months!!! Very excited to be a part of bringing new opportunities to Puerto Rico!!!
SOCIAL MEDIA UPDATE - FACEBOOK
We are now over the 1,000 LIKES mark on Facebook! Thank you to all of you for connecting and being a part of our loyal and growing community. Lots of folks interested in Aquaponics and we love seeing our following growing.
Our Vision Video at https://vimeo.com/309160606 has been viewed 956 times on Vimeo and the same Vision Video has been seen on Facebook more than 56,000 times!!! You can see the video at https://www.facebook.com/FusionFarmsPR/videos/464096764125149/
SOCIAL MEDIA UPDATE – INSTAGRAM
The link to our Instagram page is https://www.instagram.com/fusionfarmspr/ and we are pleased to show that we have 206 Followers who have been liking and engaging with our posts which total over 100 posts since launching our page over the past few months.
SOCIAL MEDIA UPDATE - LINKEDIN
Our LinkedIn page at https://www.linkedin.com/company/fusion-farms-pr has 73 Followers and we have had 19,300 impressions on our Posts and Articles. LinkedIn is a powerful platform for network and business connections, so please check out our LinkedIn page and follow us!
SOCIAL MEDIA UPDATE - TWITTER
Out Twitter feed at https://twitter.com/FusionFarmsPR has 12 Followers and growing! If you’re on Twitter, please follow us at https://twitter.com/FusionFarmsPR.
PRIDCO LEASE UPDATE
We have been working really hard with Anthony Cordona, our representative from PRIDCO who has been working through all the complex issues associated with leasing their building in Mayaguez. After the Investment Summit in San Juan ended last Friday at noon, we spent much of the afternoon with Anthony at PRIDCO headquarters and we are pleased to announce that we received a hardcopy of the Lease Agreement. The photos below are of the cover letter confirming our receipt of that Lease, as well as Lisa standing out front of Anthony’s office holding the actual document! This is a MAJOR step forward for us, so we are so grateful to Anthony and all the hardworking staff at PRIDCO who have helped make this dream come true!
We are pleased with our progress and excited to welcome new IMPACT INVESTORS to our team, so thank you for VOTING with your DOLLARS! We appreciate the support and we also want to let you know that we’ve gotten a lot of attention from Bitcoin and Ethereum holders because we can accept payment in those formats. We are also a qualified Opportunity Zone so we can provide an important shelter against capital gains tax which is a big deal!
Depending on which social media site(s) you prefer, we certainly appreciate if you would consider connecting with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
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Please Like our videos at https://vimeo.com/fusionfarms/
Please let us know if you have any questions and thanks again for supporting Fusion Farms!
Fusion Farms - Promotion Update
3 months agoFusion Farms is doing a variety of marketing and promotions to introduce our investment opportunity to a global audience of IMPACT INVESTORS, so we thought we'd share one advertising spot on Transmedia worldwide where we are a new marketing partner on the Jiggy Jaguar Show on JJTV and the KJAG Radio broadcast.
Southern California Roadshow
3 months ago
We are in Southern California from February 20th until March 4th, so if you want to meet up to have a direct in-person conversation, please email CEO@FusionFarmsPR.com and we'll get a meeting scheduled!
Qualified Small Business Stock (QSBS)
3 months agoAs published at https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp, Fusion Farms is a Qualified Small Business Stock. The Internal Revenue Code (IRC) Section 1202 defines a qualified small business (QSB). This is separate and apart from being a Qualified Opportunity Zone Investment, so this may be of special interest to prospective investors.
What is a Qualified Small Business Stock (QSBS)
A qualified small business stock (QSBS) is the stock, or share, of a qualified small business (QSB), as defined by the Internal Revenue Code (IRC). A qualified small business is a domestic and active C-corporation whose gross assets, valued at original cost, do not exceed $50 million on and immediately after its stock issuance.
Tax Implications for Qualified Small Business Stocks
Tax treatment for a QSB stock depends on when the stock was acquired and the length of its holding. The Protecting Americans from Tax Hikes Act (PATH Act), allows investors to exclude 100% of capital gains on qualified small business stock (QSBS) if the stock qualifies under Section 1202 of the IRC. The exclusion has a cap of $10 million, or 10 times the adjusted basis of the stock, whichever is greater. Again, this is separate and apart from the benefits an investor might get from Fusion Farms being a Qualified Opportunity Zone Investment.
What is Section 1244 Stock?
Section 1244 of the Internal Revenue Code is the small business stock provision enacted to allow shareholders of domestic small business corporations to deduct a loss on the disposal of such stock as an ordinary loss rather than as a capital loss, which is limited to only $3,000 annually.
Normally, stock is treated as a capital asset and if disposed of at a loss, the loss is deducted as a capital loss. The general rule for net capital losses (losses that exceed gains) is that they are subject to an annual deduction limit of only $3,000. Any excess over $3,000 must be carried over to the next year.
A loss on Section 1244 stock, on the other hand, is deductible as an ordinary loss up to $50,000 ($100,000 on a joint return, even if only one spouse has a Section 1244 loss). A big difference!
What this means is that in the unlikely - but possible - scenario that Fusion Farms doesn't succeed (and create tax-free profits for them upon sale, or greatly reduced taxes as an Act 22 investor), investors can deduct their losses from ordinary income (for mainland investors).
Note that ordinary losses are normally 100% deductible. However, while a loss on Section 1244 stock is treated as an ordinary loss, the deduction is limited to the amounts stated above.
Solar Power System - Newest Design
3 months agoAs you know from our prior updates, we have been placed on the top of the list of applicants to receive a $250,000 grant from PRIDCO for our Solar Power Plant. We worked with three different solar companies to get bids, the best of which was part of our submission/application to PRIDCO. We are very excited about the design, so we thought we would share some pictures of a similar system which was constructed for another company here in Puerto Rico prior to Hurricane Maria.
This is what we're calling the Fish Pergola, which will be the structural support for the additional solar tiles and which will also act as shade for the Fish Tanks.
Minimum Funding Goal Achieved!
4 months agoDear new Fusion Farms Owners and Followers,
Thanks to you we've now exceeded our Minimum Funding Goal!
We've now achieved our first tier goal and have some exciting news! We just received confirmation yesterday from PRIDCO that we, as Anthony Cordona said, are "at the TOP of the list for approval of our solar grant application"! This means we are first in line to be granted $250,000 for our Solar Power System!!! We also got confirmation from our representative at the USDA that we do not have to have (although we're still continuing our application) our Certificacion Bonafide de Agricultura (certification as a dedicated agriculture company from the Puerto Rico Department of Agriculture). so with the USDA back to work after the government shutdown that furloughed all the workers, we are able to proceed with our application for their loan guarantee. We have confirmed that our commercial banker, Oriental Bank, is coordinating on our $250,000 equipment loan for the USDA loan guarantee, so we should have an answer on that in the next month as well.
Be sure to stay tuned for more exciting announcements! This will be FUN and MEANINGFUL!
If you are considering an investment in Fusion Farms, now is a fantastic time to take action and join our growing family! Please also share this exciting opportunity with friends and loved ones so they can take advantage too! We are incredibly grateful and humbled by your support so far!
THANK YOU!!!
Kendell and Lisa
Investor Update - Minimum Campaign Achieved!
4 months agoHello Everyone!
Thanks to every who has invested in Fusion Farms so far! We have just exceeded our minimum $10k and looking to keep the momentum going. Please keep spreading the word!
Beyond the funds invested, this campaign is resulting in so many other positive developments:
Press
We have a slew of press coverage coming out over the next few weeks in local and national publications. Stay tuned!
Cryptocurrency Payments
We have been approved to accept Bitcoin and Ethereum as forms of payment for investors who are looking to use those to purchase stock. Encouraged by this additional form of payment, along with the fact that we're a qualified Opportunity Zone Investment, we are orienting and accelerating the marketing or our investment to reach cryptocurrency holders who have capital gains they are looking to shelter. Go to https://www.fusionfarmspr.com/get-involved/puerto-rico-qualified-opportunity-zone/ to learn more.
PRIDCO INCENTIVE APPLICATION
We have been qualified as one of eight applicants being considered for a $250,000 solar grant, so we hope to be an awarded recipient and we'll make that announcement as soon as we hear back from PRIDCO!
Thank you again for your support. You are helping us make Food Sovereignty in Puerto Rico a reality!
Kendell Lang, Co-founder & CEO
Investor Presentation - Progress Report
4 months agoThis is our Investor Presentation and Progress Update about Fusion Farms as of February 1, 2019. We had a tremendous number of Registrations and we are sharing the video for those who want to watch it again and for those who couldn't attend the live presentation. Thank you to all those who have invested and we look forward to welcoming those who are still in the evaluation process. Please feel free to reach out to us at CEO@FusionFarmsPR.com
Fusion Farms Building Video - Update
4 months agoJust a quick update to introduce you to us standing in front of our building in Mayagüez, Puerto Rico. This is the building where all the magic is going to happen!
In the News! Help Get Us From $5k to $50k!!!
4 months agoHello Our Fusion Farm Followers!
Firstly... a huge thanks to all those who have invested over the first few days of our Campaign Launch. We appreciate your support more than you can imagine! We are now just over $5K which is phenomenal in the first few days! If you're considering investing, this week is a great time to do it and if you're looking for more information, you're in luck! We are hosting a Zoom Video Presentation where we'll give you an update, share some progress and be available to ask questions. You have to REGISTER to join the Presentation, so please CLICK HERE TO REGISTER!
We are excited about the upcoming Presentation, so mark your calendars for Friday, February 1, 2019, at 4:00 pm AST/3:00 pm EST. We'll be coming to you live from Puerto Rico!
Second, for those who might have missed our prior update, we want to share a recent story published at AltruismToday.com
Please let us know if you have any questions and as always, please visit the Fusion Farms Website.
All our best,
Kendell & Lisa
Co-Founders
Fusion Farms
Hurricane-Protected Sustainable Aquaponic Indoor Vertical Farm Operation - Mayaguez, Puerto Rico
4 months agoFusion Farms is pleased to invite you to a Zoom Video meeting where you can meet the Founders and ask questions about the Campaign.
Please join us this Friday, February 1st, at 3:00 PM EST to hear more about the Fusion Farms Title III - Regulation Crowdfunding Campaign which is now actively accepting investments. https://bit.ly/2Wk2PhM
You can only attend the presentation by first registering for the webinar at this link:
https://zoom.us/meeting/register/59f747f730c9f0377c24e00bf0acd2b8
A recording of the webinar will be made available to those unable to attend live. Feel free to email us any questions you would like answered during the webinar.
When: Feb 1, 2019
TIME: 4:00 PM Puerto Rico
3:00 PM EST
12:00 Noon PST
Remember, you need to REGISTER in advance for this meeting:
https://zoom.us/meeting/register/59f747f730c9f0377c24e00bf0acd2b8
After registering, you will receive a confirmation email containing information about joining the meeting.
AGENDA:
We will be presenting the business of Fusion Farms, talking about our current status and hosting a Town Hall to answer any questions.
This meeting is limited to the first 100 individuals who register, so please make sure and register right away at https://zoom.us/meeting/register/59f747f730c9f0377c24e00bf0acd2b8.
AltruismToday Press Story About Fusion Farms
4 months agoWe are pleased to share this published story about Fusion Farms at https://altruismtoday.com/aquaculture-and-vertical-hydroponic-farming-for-puerto-rico/#share
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