
This Santa Cruz Company Is the First Cannabis Farm Cleared for a Public Stock Offering by the SEC
Will Goldenseed soar on the stock exchange?
Cannabis farmers are coming to Wall Street. Goldenseed, a company that promotes itself as a “natural, sungrown farm,” has become the first farm to have its stock qualify for public sale. While the stock market previously allowed investment in Canadian companies and U.S. retailers, cannabis farm stock is a first.
“This is real stock in the company,” says Goldenseed’s attorney, Kendall Almerico. “You actually own equity. This isn’t a bunch of hippies growing pot in their backyard.”
Founded in 2017, Goldenseed cultivates and processes cannabis and hemp out of facilities in Santa Cruz and Monterey counties. Its facility near Watsonville boasts more than 440,000 square feet of potential cannabis cultivation space, and the company recently acquired an 80,000-square-foot facility in Moss Landing to process hemp. With the money it obtains from its IPO, the company plans to expand its already impressive footprint.
To read the full article, click here.
The Owners of New Bar Le Côte Share Their Favorite Los Olivos Bites and Bottles
“Sourcing quality seafood is the soul of BLC,” says Brad, who attributes his passion for sourcing the best product to his childhood. “My father was a butcher and I think having a full understanding of where our food comes from was something that was instilled in me from my youth.” Brad previously helmed kitchens at […]
Where Are You Eating at Arroyo Seco Weekend?
Stars of the LA food scene will be on hand for the 2nd annual outing
LA and San Diego Lead the Way in Harnessing U.S. Solar Energy
Let the sun shine in Southern California.