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.
New Info Reveals Increased Dangers of Vaping
The CDC is investigating a number of severe pulmonary and respiratory illnesses found in users of nicotine-and THC-based products.
SoCal Photographer Captures the Dramatic SpaceX Rocket Launch Earlier This Month
The Falcon 9 rocket took off from Vandenberg Air Force Base on October 7.
Southern Charm: Is the Future of Tech in Silicon Beach?
With companies like Snapchat, Hulu and Tinder based in SoCal, emerging tech companies look to Los Angeles for a talent pool of creativity and innovation.
