Calyx Cultivation Tech

Calyx Cultivation Tech

Advanced Grow Light Manufacturer with AI Patented Technology

Print
Security Type
SAFE
Categories
Other
Min Investment
$10
Location
Houston, TX
Offering Date
February 10, 2020
Expected Close Date
August 29, 2020
Target Raise
$50.00K-$1.00M
Deal Notes

10.0% discount

$100K+ pro rata right threshold

$1.00 per share

Company Description

We provide the indoor farming market with revolutionary technology. Calyx creates & exclusively provides proprietary LED grow lights to take the guesswork out of indoor farming for both novice & professional growers. Our products offer abilities & functions not found in other LED fixtures & are manufactured solely in the United States. Our patented, high quality AI fixtures automatically fine tune lighting spectrums to provide the optimal environment for healthy, sustainable crops.

Perks

$500+ Calyx Sweat shirt
$5,000+ Home Grow light
$25,000+ 2 Tickets to the next available Grow Show and dinner with Calyx CEO

Key Deal Facts

Currently positioned in a market projected to reach $40.25B by 2022
Creation of American Manufacturing Jobs
Provides the first AI patented LED grow light featuring customizable spectrum and unique fungal capabilities
Proprietary & Patented AI Grow Technology, Spectrums & Products
$1.15M raised from prior investors

Use of Proceeds

If $150,000 is raised:

30%  For Sales, Business Development, Marketing: *Hire 1 full time sales person Draw/commission hire 1 part time business development, purchase ad's in industry magazines  41% Raw Materials: *Finished LED's and bodies to have assembled (1 product) develop a quick turn for cash flow 10% R&D Support: * Continue back end work for AI patented fixture (patent owned by Calyx Cultivation Tech. Corp.) 11.5% Working Capital:* Support of operations  7.5% Wefunder Intermediary Fees

If $1,000,000 is raised:

19%  to Business Development, Marketing: *Hire 1 Full time business development and one full time marketing (traditional, web, design) ad's in industry magazines and social media Schedule 3 industry shows immediately 36% Raw Materials: * Manufacture LED's and bodies ( 3 commercial products and 2 consumer ) for quick turn for cash flow, hire 3 full time people for assembly 15% Sales New Hire: *Hire 2 full time regional Sales Managers to manage distributors, resellers, retailors, and corporate clients. 2 fulltime sales people draw/commission 10% Continue R&D: Continue support for present Patents (patent owned by Calyx Cultivation Tech. Corp.), complete back end software for new AI fixture, complete prototypes of new AI fixture, continue support of on site grow room 12.5% Working Capital:* Support of operations  7.5% Wefunder Intermediary Fees

Management Team / Advisory Board Bios

John C Higgins
President/CEO
John has 13+ years of LED industry experience & was recognized as an E&Y Entrepreneur of the Year finalist. As President & CEO, he led his former business to be twice recognized in the Houston Business Journal as a Top 100 Fastest Growing Company.

Mark Sam
Chief Operations Officer/Treasurer
Mark has 40+ years of CPA experience & holds a BA Degree in Economics from Washington & Jefferson College. He has formed & helped a number of companies grow with his advisory of best practices, management, & finances.

Sylvia Quan
Investor Relations
Sylvia has been managing her husband, Gordon Quan’s, successful Houston based immigration law firm for 40 years. The former schoolteacher’s recently published book, Nourishing Wisdom for Life, was an Amazon #1 bestselling new release in April, 2019.

Deal Notes

10.0% discount

$100K+ pro rata right threshold

$1.00 per share

Amount Raised : $48,628
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments