iGrow Systems Inc

iGrow Systems Inc

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Security Type
Equity
Categories
Service Businesses
Min Investment
$300
Location
Miami Beach, FL
Offering Date
May 07, 2020
Expected Close Date
November 30, 2020
Target Raise
$10.00K-$500.00K
Deal Notes

$0.10 per share

Valuation
$4,635,000

Company Description

Introducing the iGROW home ecosystem, the first patent-pending ultrasonic fogponic based fully automated grow box that will help you cultivate high-quality cannabis from the comfort of your home.

Perks

Invest $500 or more and you will be eligible to receive a free iGrow System!

Use of Proceeds

G&A, Office Overhead: 3.3  - 20.2%

Retaining/Hiring Staff: 10 - 33.3%

Events & Travel: 1.1 - 11.1%

Product Development: 11.1 - 27.8

Manufacturing: 16.7 - 34.9%

Marketing: 2.2 - 17.8%

Regulations compliance: 4.9 - 5.6% 

 

Management Team / Advisory Board Bios

ITAY TAYAS ZAMIR
CEO / Director
Itay is a results-driven change agent with career-long record of product development, marketing, and brand management success for leading organizations.
Itay has a Proven talent for aligning business strategy and objectives with established business development and product management paradigms to achieve maximum revenue impacts with minimum resource expenditures. Growth-focused thought leader with expertise spanning innovative marketing, strategic sales, product development, successful branding, go-to-market strategy, market analysis, client-facing materials, product positioning, and editing and proofreading. Exceptionally dedicated professional with keen interpersonal, communication, and organizational skills, as well as campaign management, process optimization, and attention to detail expertise. Itay is the founder of Woosh water systems, an Israeli based startup developing smart water stations for the public space. He served as Woosh's CEO from 2009 until 2018. He has extensive experience in business development, planning and management. As founder and CEO of Woosh's Water Systems, Itay was responsible for establishing the company's technical vision, developing the product road map, and leading all aspects of the company’s technological development.

AVIV HILLO
Director
Aviv Hillo, Esq., is the General Counsel of Blink Charging Co., a leading developer, supplier and operator of networked electric vehicle charging stations. He is a skilled international business lawyer with a 20-year established track record both in Israel and New York, handling cross-border transactions and litigations. Mr. Hillo is also an experienced executive and investor across a variety of industries including defense technology, real estate, biotechnology, mobile apps, and internet marketplace platforms.

GAL PRIDAN
CTO / Director
Gal Pridan is an experienced entrepreneur with a demonstrated history of working in various industries. Skilled in strategic planning, Water Technology, Agricultural Technology, Beauty & Wellness retail, International Business, and Business Development. Gal is the holder of US Patent – 6,442,778 MRG2000 for his novel invention: The Fire Disinfection machine which uses fire and a roto cultivator for soil fumigation as a substitute for methyl bromine, in accordance with the strict Montreal Protocol restrictions. Gal has extensive experience in the agriculture industry, being one of the founders of Margaliot Ltd. A leading Israeli based agriculture company. Gal brings a deep understanding of irrigation techniques and technologies as well as the know-how of product development in the agriculture industry.

ROBERT M. WOLF
Chief Financial Officer
Robert M. Wolf is the controller of Balance Labs, Inc and Wholly owned subsidiaries. He is responsible for the treasury, tax, controller-ship, internal audit, IT, SEC filings, and financial reporting for the company. Prior to joining Balance Labs, Inc. Robert spent 30 years as a financial professional.

DANIEL SAGI
Head Agronomist
Mr. Sagi has Academic & commercial background in Cannabis cultivation, Research & development in the field of Agro-technology. Mr Sagi has an extensive experience both in Commercial indoor growth management and team leadership . He managed Facility Design and automation (3000 sf. nursery, veg’ & flower’ rooms) . Mr. Sagi’s Research topics are Irrigation methods, nutrients, genomics.

JONATHAN GLOBERSON
Industrial Designer
Mr. Globerson is a professional Product Developer. He has 15 years of product development experience. Mr. Globerson is responsible for creating thousands of new products, and assisted launching hundreds of new products into the marketplace.

Deal Notes

$0.10 per share

Amount Raised : $2,000
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