SANTA CRUZ, Calif., Jan. 06, 2020 (GLOBE NEWSWIRE) — Goldenseed, a California lifestyle cannabis and hemp brand and cultivator, today announced the qualification of its stock offering by the U.S. Securities and Exchange Commission (SEC), effectively enabling the general public to invest in Goldenseed at an early stage – an opportunity typically available only to high net worth individuals and well-connected investors. Goldenseed is the first U.S. private cannabis cultivator and processor ever to be qualified by the SEC to sell its stock to the general public.
The cannabis sector is described by many as high growth, with overall sales in the legalized U.S. cannabis industry expected to reach $13.6 billion throughout 2019, for a 32% increase over 2018 totals of $10.3 billion. Total revenues through the 33 legalized U.S. states are expected to reach $30 billion by 2025.
“Like other high growth industries before it, we believe the cannabis sector’s massive upside currently is being capitalized upon only by wealthy, accredited investors and those with Silicon Valley or Wall Street connections,” said Goldie. “By contrast, we believe that those who appreciate our products and our California lifestyle brand deserve the same chance to invest and join us in what we plan to be a long corporate trajectory.”
The live offering provides investors of all walks of life with a chance to invest in Goldenseed for as little as $100.00. “Goldenseed is a company that develops high-quality cannabis and hemp products for everyday American consumers, and what better way to reflect that ethos than by welcoming them into our community as more than just customers, but also as owners,” said Scott Goldie, CEO of Goldenseed.
Goldenseed intends to use portions of the net proceeds from the stock offering toward expansion of its facilities, capital improvements, debt reduction and marketing, all of which support the company’s core focus on:
Goldenseed’s stock offering will be held under Regulation A, a law passed as part of the 2012 Jumpstart Our Business Startups (JOBS) Act that allows small companies to raise capital by selling stock online through equity crowdfunding. Before the JOBS Act, 80 years of securities law prevented the general public from investing in private companies, like Goldenseed, at an early stage in their development. This provided the early-stage investment opportunities to only wealthy, accredited investors and those with Silicon Valley or Wall Street connections. This process is being led by Goldenseed’s consultant, Kendall Almerico, a noted securities attorney and crowdfunding expert Forbes named one of the top Regulation A attorneys and JOBS Act experts in the country.
“We’re excited to provide a chance to invest in the California cannabis industry and to become part of the Goldenseed community,” said Scott Goldie, chief executive officer of Goldenseed. “I see this as similar to entering the wine industry in Napa in the early ‘70s, before it boomed.”
SANTA CRUZ COUNTY, Calif.–( BUSINESS WIRE )–Goldenseed, a California lifestyle cannabis and hemp brand, whose first product line won the High Times’ Cannabis Cup for Best Pre-Roll in May 2019, today announced it filed with the U.S. Securities and Exchange Commission (SEC) to hold a stock offering. This offering will allow the general public to invest in Goldenseed at an early stage, which is typically only available to high net worth individuals and well-connected investors. Goldenseed expects to be qualified by the SEC to launch its offering online within the next 60-90 days. When it goes live, the general public will be given the opportunity to invest in Goldenseed for as little as $100.00. Goldenseed intends to use portions of the net proceeds from the stock offering toward capital improvements, debt reduction, marketing and general working capital.
Goldenseed recently launched as a cultivator, manufacturer, and distributer of high-quality cannabis and hemp naturally grown in renowned Santa Cruz County, California. Goldenseed delivers pure cannabis in the form of proprietary seed strains, smokable blends, and oil and terpene extractions to a discerning clientele. The brand focuses on:
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On this week’s awesome new episode to kick off July, Brandon chats with CEO Scott Goldie of Goldenseed . Goldenseed is a relatively new player in the cannabis market, but Scott and his team have quickly built their operation since they started their journey in late 2017. The main Goldenseed products are eighths and their infamous terpene tipped pre-rolls that have won them 2 Cannabis Cups thus far. Scott’s background is in real estate and finance, and he put together a strong team to execute their cannabis brand and vision. One unique aspect of Goldenseed is their Reg A fundraising offering aka crowdfunding. For as little as $100, investors can own a piece of Goldenseed and be a part of this story. Brandon and Scott dive deep into why they chose to use this fundraising option, their plans for building a true lifestyle brand, and why terpenes are more important than THC as the cannabis industry evolves. Learn all about how Scott transitioned from real estate to cannabis, how he built his dynamic team, and how coronavirus has impacted Goldenseed this year. Tune in, listen up, and get acquainted with Scott of Goldenseed!
In a previous life, he helped produce the LAUNCH festival, the This Week in Startups podcast, and evaluated investment opportunities for technology angel investor Jason Calacanis.
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