Ceres Greens offering is now closed and is no longer accepting investments.
INVEST IN CERES GREENS TODAY!
Feeding the Future
$69,000 Raised
REASONS TO INVEST
TEAM
Jacob Isham
Managing Member, CEO
Greg Kelly
Managing Member, CTO/COO
Todd Tomasi
Horticulture Director
TERMS
Ceres Greens
Overview
INTEREST RATE
8.0%
MATURITY DATE
May 1, 2019
VALUATION CAP
$10M
AMOUNT RAISED
$69,000
Breakdown
MIN INVESTMENT
$200
DISCOUNT RATE
CONVERSION TRIGGER
$1,000,000
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
INVESTMENT OPPORTUNITY
Convertible Note
Note converts to equity when the company raises $1,000,000.00 in qualified equity financing
Maturity Date: May 1, 2019
$10M valuation cap
15% discount rate
8% yearly interest rate
Maximum $107,000 of convertible promissory notes ($107,000)
Minimum $10,000 of convertible promissory notes ($10,000)
| Company | Ceres Greens LLC |
| | |
| Corporate Address | 21 Metro Way, Unit 8, Barre VT 05641 |
| | |
| Description of Business | Ceres Greens is a vertical farming company focused on growing and selling leafy green produce. We are owned and operated as a service disabled veteran owned small business. |
| | |
| Type of Security Offered | Convertible Promissory Notes |
| | |
| Minimum Investment Amount (per investor) | $200.00 |
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.
ALL UPDATES
01.26.18
Steel Coming!
The steel for our vertical growing structure is on the way and the welders are ready to go! Follow us on Facebook for updates and photos of the progress!
01.16.18
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Ceres Greens 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 Ceres Greens 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
01.01.18
Moving In
We've moved in to our new facility in Barre VT and are starting assembly of our growing infrastructure this week! If you have questions or want to see more let us know or follow us on Facebook!
https://www.facebook.com/Ceres-Greens-171432470000555/
12.15.17
Construction Moving Along
Our construction is continuing forward and starting to look great! If you ever want a virtual tour let us know! In this room we can grow up 16ft. high and upwards of 100,000 plants at any time!
12.06.17
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Ceres Greens 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 Ceres Greens 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
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
