Edible Garden

Changing agriculture with technology, sustainability & real sales

Security Type: Crowd SAFE
Categories: Agriculture
Min Investment: $100
Location: Belvidere, NJ
Offering Date: October 29, 2020
Expected Close Date: January 15, 2021
Target Raise: $25.00K-$1.07M
Deal Notes: Discount: 0%

Company Description

Vision Edible Garden: simply sustainableBy reaching our funding goal, we plan to increase our capabilities, technology and invest in partnerships with major distributors to drive store velocity and brand recognition. Other key areas of growth include unrolling additional pre-packaged hydroponically grown product items, following the success of our lettuce line.

Key Deal Facts

100% sales growth YOY, projected to reach $11M in 2020
Sales at major retailers: Walmart, Target, ShopRite, Hannaford, Kroger, etc
AgTech/future farming patented technology—self water displays & software
Sustainable, locally grown produce in 5,000+ store doors and counting!
Strategically located operations—New Jersey, Ohio, Indiana & Michigan
Innovative packaging solutions to secure supply chain safety
Social mission—support local farms/local jobs, 300+ direct/indirect jobs

Management Team / Advisory Board Bios

im Kras
Co-Founder and CEO

Mike James
Co-Founder and CFO

Dennis Rodrigues
Co-Founder and Director (Board Member)

Nick Bloom
Head of Sales

Scott Pendergrast
Head of Data

Stacy Eng
Head of Operations

Kelly Jimenez
Creative Director

Nick Simons
Greenhouse Manager

Jonathan Dmitruck
Head Grower

John Kissel
Horticulture

Jacob Bartlett
Advisory Board Member

Sarina Appel
PR/Communications

Deal Notes

Discount: 0%

Amount Raised : $518,267

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

Have you done enough research to provide a rating? This is important for your fellow investors.

We only allow one revision to each rating category. Be sure about any changes.

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter

Read Our Research Disclaimer

0 Comments

To claim your deal, you must have access to @ email

Contact support@crowdlustro.com if you need assistance.