My Green Network (MyGN)
My Green Network (MyGN) was formed in 2018 in California with the aim of creating equal access to the cannabis industry through a community-centric, shared-economy model by providing opportunities to any sizes of cannabis entrepreneurs, counteracting the consolidation of cannabis companies. MyGN’s facility is expected to be completed in December 2020 and will be equipped with seven cannabis production suites designed to allow community members to infuse any edible, beverage, or topical products and package and assemble all cannabis products, including flower and concentrates. MyGN hopes to...
- Security Type
- Revenue Sharing
- Min Investment
Santa Ana, CA
- Min Raise
- Offering Date
- November 16, 2020
- Max Raise
- Expected Close Date
- April 12, 2021
- Amount Raised
- Deal Notes
Conversion Provisions: Immediately upon repayment in full of the Principal, the Company shall convert the original Principal amount of the Note into shares of the Company’s Class B Preferred at a conversion price equal to $0.50 per share.
Repayment of Principal: The Company shall make a minimum quarterly payment that is equal to 50% of the Net Revenue Distribution (see below) among the outstanding Notes with equal priority and pro rata in proportion to their respective outstanding Principal amount. The quarterly payments, if any, will be paid to the Holder on or before March 31, June 30, September 30, and December 31 of each year until the outstanding Principal is paid in full.
Net Revenue Distribution: “Net Revenues” means the aggregate earnings of the Company less local cannabis taxes (city and county), cost of goods sold, overhead expenses, interest payments paid, income taxes, depreciation, and amortization of goodwill, and the allocation of corporate expenses associated with the Company. “Net Revenue Distribution” means the total amount of Net Revenues the Company will distribute after establishing reasonable reverses for the Company.
Use of Proceeds
- Future Wages
- Working Capital
- Sales & Marketing
CEO and Co-Founder
James is a real-estate broker and experienced attorney specializing in cannabis, real estate, investment, compliance, and business law and has advised high-net worth individuals, private equity firms, developers, and executives in investments for Fortune 500 companies such as Hyatt. A shareholder of Golden Barn, his experience in cannabis licensing and operations for manufacturing and distribution is key. He is on the board of directors for the Orange County Cannabis Chamber of Commerce, an advocate for equal access, compliance, and cultural cannabis to develop a more diverse, robust globally attractive market. In addition to his current role at MyGN, James is a partner at SMS Law, a law firm specializing in investment immigration and international business development. He holds undergraduate degrees in Philosophy and Spanish from Rutgers University and a Juris Doctor (J.D.) from the University of San Diego School of Law.
Chairman, Chief Legal Officer (CLO), and Co-Founder
Ken is a seasoned entertainment and cannabis lawyer with a plethora of experience working at Creative Artists Agency (CAA), NBC Universal, Global Digital Creations, and Golden Barn. He negotiated talent deals for The Voice, Parenthood, and The Office. His cannabis experience spans across licensing and operations for manufacturing, distribution, cultivation, and retail. He is an expert educator on cannabis industry trends, finances, and licensing. In addition to his role at MyGN, Ken also serves as General Counsel at GDC Technology Ltd. He holds an undergraduate degree in Psychology from the University of California, Los Angeles, and Juris Doctor (J.D.) from Southwestern Law School.
COO and Co-Founder
Ed is a 16-year veteran specialist in culinary innovation and hospitality. He is known for his expertise in logistics, distribution, and innovative culinary achievements. He was a pivotal leader in the success for Michelin restaurants like Melisse, Il Buco Alimentari, and Upland working alongside Josiah Citrin and Nicolas Boutin. He opened 5-star hotels like Mandarin Oriental and notably opened The Standard in New York with Michelin starred chef, Dan Silverman. He is experienced in cannabis formulations and infusions while bringing a plethora of real-world logistics experience in commercial kitchens and focused heavily on cannabis operational compliance. In addition to his current role at MyGN, Edwin also is an operations manager at Manuela Restaurant in Los Angeles. He holds an undergraduate degree from the University of California, San Diego and is a graduate of the Culinary Institute of America.
Fractional CMO and Co-Founder
Maria is the owner, CEO, creative director, and curator of Studio Goesto, a specialized branding firm working with cannabis brands, beauty, food, public figures, and global companies. Through innovation and adaptability, she creates solutions for companies to transform their brands and maximize revenue, and has worked with companies such as Bushnell, Log, Filterfeed, Frutos de Goiás, and more. Her cannabis experience is focused on developing brands to make an impact, such as Bela’s Formula. She is a cannabis educator well-known in the Brazilian community speaking on cannabis branding, investment, industry trends, and entrepreneurism. She holds an undergraduate degree from Universidade Federal Fluminense and a postgraduate degree from Estácio de Sá.
Director of Sales
Kenton is a seasoned music industry veteran of over 20 years. He established himself through operating an international marketing and promotion company working with top talent and iconic brands such as: Black Eyed Peas, Mary J. Blige, Usher, Def Jam Records, Interscope, Universal Music, Red Bull, Rockstar Games, and Nintendo. His InterFM Hip Hop show was one of Tokyo’s top rated and longest running program with about 37.5 million people in the broadcasting area.xxvi His talent in communications, relationships, and collaborative efforts make him invaluable force in sales. Kenton is a trained cannabis operator in both distribution, manufacturing, and compliance with ability to train efficient operators and maximizing production. He holds an undergraduate degree from the University of California, Irvine.
Director of Distribution
Ben has over 20 years of experience in cannabis distribution, sales, and cultivation. He has worked in both the medical and recreational market and is quickly able to adapt and focus on maintaining compliance at all times. He provides an extensive amount of knowledge of the plant, efficient cannabis operations, and understanding the needs of every step of the supply chain. Ben is the one of the driving founders of Golden Barn’s distribution business. He holds an undergraduate degree from the University of California, Los Angeles (UCLA).
Director of Technology and Security
Dominykas is a seasoned technology and security professional who has experience consulting for Fortune 500 companies on optimizing processes, security, and leading infrastructure technology developments. He led the technology deployment for JPMorgan Chase, prototyping mobile applications for the NFL Superbowl, and has built out entire cybersecurity departments with Safra National Bank. He has acquired HITRUST certifications, SOC 2 Type 2, GDPR, ISO 27001, HIPAA, and NIST priming statuses to meet contractual obligations and prepare medical companies for global scalability. He is a long-time cultivator and experienced in cannabis operations, primarily focusing on operational security and standardizing onboarding processes for cannabis companies. He holds an undergraduate degree from St. Peters University.
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