“Vertical farms are capturing attention for two big reasons: local interest in produce that doesn't have to be transported hundreds of miles before it makes it to the kitchen, and the need to find new food sources for the world’s growing population. That means farmers will need to produce up to 70% more food, tough to do in a world where 80% of the land suitable for farming is already in use. It stands to reason that indoor alternatives will continue to blossom, especially in expanding urban communities.” -Heather Clancy, Forbes
Largest network of commercial indoor vertical farms
Total Assets $2.6M; 2015 Revenue: $788K
Harvest capacity ~3M plants per year
Opened first farm in China in August, 2016
Primus food safety audit with a 94% or above rating
Innovation partners include Phillips, Hortimax, Rizk Zwaan, Desert Aire and Dramm
Products currently distributed to grocery stores, produce companies, and select restaurants
Harvest year-round, using a fraction of the land, water, and fertilizer of traditional field farming
Growing pesticide, herbicide, preservative and GMO free produce
Build a network of indoor vertical farms, and locate them at perishable food distribution centers owned by large grocery stores, and at institutional campuses wherever large volumes of meals are served daily. Our goal is to profitably and sustainably grow the best leafy greens in a controlled indoor environment.
We took an old idea and made it new. Green Sense Farms is transforming farming by growing leafy green in stacking vertical towers, 365 days a year. We grow high quality crops consistently using automated computer controls which provide the precise amount of light, nutrient, water, temperature and humidity, so we can harvest year-round.
Our first farm was built in Portage, Indiana and made its first shipment to Whole Foods Midwest distribution center in March 2014 when it was -20 degrees Fahrenheit outside.
We are a high tech agriculture company that is constantly innovating and developing better ways to grow indoors that use less energy, reduce greenhouse gas emission, minimize waste and recycle water to produce the best crop. By putting these farms at the point of consumption and distribution, we reduce the amount of miles food travels and ensure that our vegetables are fresh and nutritious.
Green Sense Farms controls the entire process from seed-to-supermarket. We grow, pack and ship our leafy green vegetables and comply with a rigorous food safety and product traceability programs. Each year we have passed our Primus food safety audit with a 94% or above rating. We sell micro greens, baby greens, culinary herbs and lettuces in volume to grocery stores chains and produce companies and direct to a select few restaurants.
Offering Size: Minimum $100,000; Maximum $1,000,000
Cost per Common Unit: $100
Available Common Units: 10,000
Minimum Investment: $100
Subscriptions Closed: October 29, 2016
Reports Annual: K-1
Exit Strategy: Green Sense Farms is a market leader in the emerging indoor vertical farming market. We believe there is a tremendous opportunity indoor vertical farming and will constantly evaluate business strategies that are in the best interest of our members to maximize the value of the Company. Our goal is to build network of indoor vertical farms and grow the value of each share through operating profitable Farms. Our exit strategy can include:
- Merge with other indoor vertical farming operations and pay investors a dividend from profits
- Acquire other indoor vertical farms and pay investors a dividend from profits
- Sell the network of Farms to a strategic investor or a financial investor and investors can liquidate their shares
- Evaluate an Initial Public Offering of our securities
The funds raised will primarily be used for R&D to create new farm designs, and for pre-development activities to expand our network of farms with remaining funds for operating capital.
Farm locations will target perishable food distribution centers at major grocery store chains, and institutional campus locations: including hospitals, military bases, colleges, and corporate campuses in the United States, Canada, Scandinavia, and China.
Green Sense Farms’ mission is to farm sustainably, creating an environment that is good for our workers and the planet while generating a profit. We take a common sense approach to making the world a better place to live.
For the first time ever, we’re making a public offering in order to build a community of like minded individuals that support sustainable farming that's changing the world.
We continue to perfect our indoor growing technology and formed partnerships with leading Dutch and American horticultural companies to create a proprietary state of the art growing system (Phillips, Hortimax, Rizk Zwaan, Desert Aire and Dramm).
From our first 20,000 sq./ft. farm in Portage, Indiana, we are expanding our farm network and have 10 farms in our development pipeline in the USA, Canada, China and Scandinavia. Our current business model is to design, build, operate and own indoor vertical farms in the USA; and to own a minority interest with a local operating partner for farms offshore. In March 2015, Green Sense Farms formed a Hong Kong company to partner with Star Global Agriculture to build a network of farms in China to serve a growing middle class population that is demanding chemical free produce. We broke ground for the first farm in December 2015 and became operational in August, 2016. Located in the city of Shenzhen, with a population of 48 million people within 50 miles of the Farm.
Our long term goal is to expand our network of vegetable farms and then to spin off a biopharmaceutical business that grows plant proteins using non-GMO seeds that can be synthesized into vaccines and medicine.
We have also developed a sustainability course with Indiana University South Bend, called the Art of Sustainability. This course is now taught annually and includes a final mural painted by the class. These murals will be hung in every future Green Sense Farm.
Green Sense Radio Show, hosted by Founding Farmer, Robert Colangelo, is heard in syndication nationwide on 37 stations coast to coast and available through podcasts. The radio show plays an important role in our education and outreach as well as our marketing strategy.
We also have additional revenue channels that include pharmaceutical plant proteins and consumer packaged goods that we plan to bring on line within the next 5 years.
Robert Colangelo is a scientist, author and environmental entrepreneur who founded several leading market based organizations that include: Environmental Planning Group, American Business Center Nizhnevartovsk, Siberia, Russia, Brownfield Development LLC, Environomics Communications, Brownfield News magazine, The National Brownfield Association, The Surplus Property Roundtable, Green Sense radio show and Green Sense Farms, LLC.
Mr. Colangelo is recognized as a national expert and an authoritative source on indoor vertical farming, brownfield redevelopment and sustainability; he is the author of several books and numerous articles on the subject and is the host of the nationally syndicated Green Sense radio show.
Mr. Colangelo holds a Masters and Bachelors degree in Earth Science from Northeastern Illinois University and is currently responsible for building a global network of Indoor Vertical Farms.
Mr. Wenz co-founded Green Sense Farms and serves as its CFO. Mr. Wenz started his accounting career at the Dearborn Group, LLC, an Arlington Heights, IL firm that owned and managed numerous apartment developments in IL and IA. He then worked at Utilities, Inc., a multi-state water and wastewater utility holding company. As the VP of Regulatory Matters, Mr. Wenz was responsible for all functions dealing with rate setting and economic regulation in the Company’s sixteen state service area. He then formed DC Custom Homes, LLC. As a partner in the firm, he participated in the acquisition, redevelopment and sale of numerous residential properties in the suburbs of Chicago. He also is a partner in AC Capital Partners, LLC, a firm that owns and leases assisted living centers in Wisconsin.
Mr. Wenz holds a Bachelor of Business Administration (Accountancy) from Western Michigan University and is a Certified Public Accountant. He also serves on the Board of Directors of the United Way of Porter County.
Mr. Schlyer has been practicing law for 15 years and has closed more than $200M in commercial and residential real estate transactions. He has contract based and foreclosure related litigation experience and has served as general counsel to numerous real estate funding entities. As a solo practitioner for the past 10 years, Mr. Schlyer has identified revenue generating properties for client purchase, managed reconstruction projects, underwritten assets, conducted title reviews, overseen litigation, and counseled on market evolution in the "green" space. Mr. Schlyer is an Illinois licensed attorney.
Lane Patterson is a pioneer and innovator with over 20 years’ experience in building controlled environment agriculture systems. Prior to working at Green Sense Farms, Mr. Patterson worked at the South Pole Food Growth Chamber, NASA Steckler Space Center and University of Arizona Controlled Environment Agriculture Center. Currently
Mr. Patterson is the Systems Manager for Green Sense Farms and is responsible for conducting R&D on new farm design, coordinating with innovation partners, improving growing systems and overseeing construction of new Farms.
Corbett Miller, is a Grower for Green Sense Farms, Portage, IN Farm. His focus on commercial hydroponic growing began in 2010 while working as the Greenhouse Manager at the University of Indianapolis. He also worked as a professional hydroponic internship through Walt Disney World and grew 120+ varieties of edible crops from all over world in their indoor grow system. Since joining Green Sense Farms, he has been responsible for improving crop production, and meeting customers’ orders.
Mr. Miller holds a dual degree in Biology and Environmental Science from Indianapolis University.
What is vertical farming?
Vertical farming is the practice of growing produce in vertically stacked layers using controlled-environment agriculture (CEA) technology. All environmental factors can be controlled including LED lights, environmental control (humidity, temperature, CO2...) and fertigation (irrigation, drainage and fertilization).
What is the difference between vertical farming and field farming?
Field Farms have to mitigate much more risks, animals, pests, invasive species, weather, drought and have a much greater impact on the environment. By growing indoor without the use of pesticides, and precisely controlling the water, nutrients and light a consistent crop can be grown year round with minimal impact to the environment.
What kind of crops are suitable for a vertical farms?
Farming is stratifying and indoor vertical farms are best to grow leafy green vegetables, greenhouses are great for tomatoes, peppers and cucumbers and field farms are well suited to grow commodity crops such as wheat, corn and soybeans.
What are the costs of building a vertical farm?
An indoor vertical farm with two individual climate controlled grow rooms, with a seeding area , packing area, cooler and shipping area, cost approximately $3 million to build, excluding a building. Space is typically leased.
How often can you grow crops?
The time to grow a plant to maturity varies based on the cultivar. Microgreens can be grown in 8-12 days, culinary herbs and baby greens in 20-35 days and lettuces in 30-40 days. We have developed a process which allows us to accelerate the growth time by placing the plant in different areas during various phases (germination, nursery and growth) so that we can turn over our growth towers more times each year.
Will I incur any additional costs outside of my investment?
There is a one time $2.50 transactional charge for every $100 invested. Green Sense Farms is a new company and we’re experiencing rapid growth since we shipped our first crop in March 2014. Each investor should carefully assess the risk with investing in any new company and conduct the property due diligence, and is responsible for covering this cost.
“Three guiding principles have governed my career: take on projects that make the world a better place to live, generate enough proceeds to make a comfortable living, and have fun and be passionate about your work.”
Robert Colangelo, Founding Farmer & CEO, Green Sense Farms