- Founder & CEO, Rick Genga, currently holds 14 patents, and our Growgenics Lighting Tech is patent-pending.
- Hired Global Business Development Strategist Rhett Jordan, the founder of Native Roots - recognized as the leading cannabis dispensary brand, with state-of-the art commercial cultivation and processing facilities.
- By 2022, cannabis is expected to be a $24 billion market in the U.S. alone while indoor vertical food farming is expected to grow to a $6 billion market. The worldwide cannabis market is expected to hit $57 billion by 2027.
- StartUp City Magazine ranks Growgenics in Top 15 AgTech StartUps of 2019.
- Total Amount Raised: US $110,020
- Total Round Size: US $3,000,000
- Series A :
- Minimum Investment: US $10,000 per investor
- : Preferred Equity
- US $18,000,000 :
最终痴汉电车3The landscape of the agricultural market is changing at breakneck speed, and indoor grow lighting is poised to re-define how we grow everything from the cannabis to vegetables. The US cannabis market is projected to grow to an astounding $29.7 billion market by 2025, while the global indoor vertical food farming market is predicted to hit $12.77 billion by 2026. As the demand for effective grow lighting solutions booms in these arenas, the Growgenics Lighting System is ready to light the way.
最终痴汉电车3At Growgenics, we believe there are three major problems with most current grow lights: they’re not designed for plants, they generate excessive heat, and they waste a tremendous amount of energy. Over the last five years, we’ve been developing multiple iterative generations of prototypes and running hundreds of various grow tests which have culminated with the release Growgenics’ innovative, advanced, high-efficiency, tunable color spectrum, LED shape-lighting technology solution that aims to address and solve these problems.
The Growgenics Lighting System is so unique, because it can adapt across markets. Our advanced, tunable light spectrum, LED lights can satisfy the needs of cannabis growers, vertical indoor food farmers, greenhouses, and even research facilities. LED lighting is projected to be the fastest growing segment of the horticultural lighting market over the next five years with sales growth expected to expand from $1.25 billion in 2019 to $2.6 billion in 2023, and we at Growgenics are ready to spark the light of innovation in this market. We are currently testing our technology with a wide-ranging group including nine major commercial growers, eleven dispensaries, and multiple major vertical farms, and our technology is currently patent-pending. We are thrilled to be back at SeedInvest to grow and meet the pressing demand for our product.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Growgenics. Once Growgenics accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Growgenics in exchange for your securities. At that point, you will be a proud owner in Growgenics.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment”最终痴汉电车3 in our academy.
最终痴汉电车3To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or passport
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because Growgenics is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your securities have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page by clicking your profile icon in the top right corner.
Currently there is no market or liquidity for these securities. Right now Growgenics does not plan to list these securities on a national exchange or another secondary market. At some point Growgenics may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Growgenics either lists their securities on an exchange, is acquired, or goes bankrupt.
最终痴汉电车3You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
最终痴汉电车3This is Growgenics's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
最终痴汉电车3This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Growgenics’s profile.