We wish we didn’t have to ask for your private information, but being in the early days of the cannabis business and breaking ground as the first U.S. private cannabis company qualified by the SEC to sell stock to the general public comes with some legal responsibilities and requirements. As an investor, we hope you understand that following these rules is very important to all of us at Goldenseed to make sure we can grow into the company we all want to be, with you along for the ride, without any problems from governmental authorities. That’s the responsible thing to do to protect all of us, and you as an investor.
Here’s what we need from you in addition to the information you would have to give any online company (like Amazon, or Facebook) to open an account, and why we have to collect it or you cannot legally become an investor in our company, as much as we wish you could!
The personal information you provide to us will be provided in an encrypted manner, and we do what is reasonable within the limitations of the existing computer and online world to protect that information. We take your privacy seriously and will not distribute or sell your private information to anyone, other than regulatory bodies that require it or people like our broker-dealer who need it to do what is required under securities laws. However, like every other company in the world, we are subject to possible criminal acts like someone who attempts to hack our systems. We cannot ever (nor can anyone else) 100% guarantee that such criminal acts or hacking will never occur, but we take commercially reasonable steps, like any responsible company, to prevent that from happening.
It costs $10 per share, with a minimum investment of $100 for 10 shares.
For every $10 you invest you get one share of ownership in our company, our brands, all of our cannabis and hemp products, the plants we grow, any new products or acquisitions we make in the future, and any profits we make. You actually own part of this company, just like we do. On top of that, you get “perks” for being an owner of Goldenseed. Based on how much you invest, you get different levels of perks.
You’re investing at an early stage in our company and our brand. Just like early stage investments made by venture capitalists, investment banks and private equity firms, you are investing now to hold on to your equity for the foreseeable future while we grow the company. You are investing with the hope that as we grow the company, your investment becomes worth more as the company gets bigger. We plan to reinvest any profits to help the company grow, and while we do not have any immediate plans to pay a dividend to our shareholders during that time, but it is possible we may do so in the future depending on the company’s needs at that time. Our goal is to grow the company with your help, and to eventually either be acquired by a bigger company, or to “go public” with an IPO. If either of those things happen, you would get paid a return on your investment, just like all of us. In the meantime, you can sell your shares, but you will have to find a purchaser yourself as our shares will not be listed on any exchange, so there is no open marketplace for your stock. But you can still enjoy the benefits of being an investor through the perks you get, while we grow the business
Some people refer to the way we are raising capital (and how we allow you to invest!) as “crowdfunding.” Put simply: crowdfunding is raising funds from a crowd of people. The term might be new, but the concept is not – if you’ve ever thrown in $5 toward an office party, you have witnessed crowdfunding in action. The term “crowdfunding” generally applies to using the internet as a means of raising money online by collecting (relatively) small amounts of money from a large number of people.
If you give someone money on a rewards-based crowdfunding site, you are either making a donation or purchasing a product that doesn’t exist yet. If you give someone money like what we are doing at Goldenseed, you are investing in the company and will own part of that company.
Sites like Kickstarter, Indiegogo and GoFundMe are all rewards-based crowdfunding platforms. They allow people to raise money for a project by offering some sort of perk or reward in exchange for contributions. They are not allowed to sell ownership or equity in a business to raise funds.
Goldenseed’s stock offering utilized equity crowdfunding, which allows companies to raise money for their business by selling stock to people like you. Because a secondary market doesn’t yet exist for our shares, we offer amazing perks alongside your percentage of actual ownership in our company making your investment a unique combination of crowdfunding and private equity.
The JOBS Act allows everyday people to invest at an early stage in a private company. This is something that you were not allowed to do until 2015. Before that, only the rich and well-connected could invest in early stage companies like Goldenseed.
The U.S. Congress passed the JOBS Act with bipartisan support and the President signed the bill in April of 2012. The U.S. Securities and Exchange Commission (SEC) finalized the rules for “Regulation A” of the JOBS Act that went into effect on June 19, 2015. That made it legal for companies like Goldenseed to sell our stock online to the general public, and made it legal for anyone to invest in a company like ours, for the first time in 80 years.
Regulation A (also called Regulation A+, Reg A or Reg A+ and even “the Mini-IPO”) is a section of the JOBS Act. For far less than the cost and effort of a traditional IPO, companies can use Regulation A to raise up to $50 million in an online stock offering, and all investors, not just the rich and well-connected, can invest in companies like Goldenseed. Regulation A changed and democratized investment in private, early stage companies, making it available for everyone.
An accredited investor is someone who meets specific criteria outlined by the SEC and by federal law and is therefore eligible to participate in certain investment offerings.
In order to be considered accredited, an individual must have had an income of at least $200,000 for the past two years (or $300,000 if married), or have a net worth of over $1 million not including their primary residence.
Institutions such as trusts, endowments and venture funds can also be certified as accredited provided that they have more than $5 million in assets.
If you want to read the exact language of the law defining the term “accredited investor” click here.
Regulation A does not require you to be accredited in order to invest in Goldenseed. Accredited investors are allowed to invest more than those who are not accredited.
Yes. All investments are inherently risky, and early stage businesses are generally considered more high risk than established businesses. That’s why it’s so important that before you invest in any offering, you do your own due diligence so you understand not only the business and investment, but also the risk factors specific to that company. If you cannot afford to lose the money you plan to invest if things do not work out as the company hopes, you should not invest. Read and understand the documents and talk to your own advisors before you invest.
We want to invite our customers, fans, and anyone who likes what we are doing to be a part of our company from an early stage so you can help us grow and become not just a great company and awesome brand, but a community of people all pulling together to make that all happen. We could have raised capital from investment banks and venture capital firms alone, but that is not what we are about. We are about being the best California lifestyle brand and company we can be, so we wanted as many people like you to join us as possible. When we say “We are Goldenseed” in our videos, we mean it, and we want you to be Goldenseed, too.
Visit www.OwnGoldenSeed.com, read through the Offering Circular, then fill out the form when you click the “Invest Now” button. In the online form (which is much like opening an account on Amazon or any other commerce site) we’ll ask for some additional information to identify you *as required by federal securities law) such as your SSN and date of birth, and later we will get your driver’s license number (per California cannabis laws). We’ve tried to make the process as simple as possible, but if you have any questions feel free to email us at email@example.com.
Each share is $10 and the minimum investment is $100.
There are risks to any investment, including not seeing your money back. The benefits include owning part of a cannabis and hemp company, being part of a wider community of like-minded people, investment perks, and attending our awesome annual shareholder party!
Just click on the “Invest Now” button and fill in the blanks. The entire process takes about 10-15 minutes, and is much like opening an account on Amazon or any other commerce site. We’ll ask for some additional information to identify you (as required by federal securities law) such as your SSN and date of birth, and later we will get your driver’s license number (per California cannabis laws). You have to electronically sign some forms to make it legal. We’ve tried to make the process as simple as possible, but if you have any questions feel free to email us at firstname.lastname@example.org.
Perks are additional benefits on top of owning the stock in Goldenseed that you are buying when you invest. You can find all of the perks HERE.
Sit back and relax – we’ve got this one. We’ll shoot you emails with instructions for your shareholder ID card, followed by others when we need your help (like if we need a size for a perk you can wear). The perks will find their way home to you automatically.
You sure can! Just make sure you fill in the same information (name, email, address). If you do so, you could bump yourself up to a higher level of perks also.
Yes, but the process is not quite as simple as we would all like because of some securities laws. Technically, you have to buy the shares first yourself in your name, and then give them to someone after you complete the investment process. If you have questions on how to do this, please e-mail us at email@example.com.
No. You must be at least 18 years old to invest.
Think of it this way: investing is different than owning or selling the product – you’re investing in a company. We believe it is legal to do so, or we would not be selling our shares to the general public. However, we do recommend consulting with a lawyer in your jurisdiction before investing in any cannabis related company, in case your situation requires specific legal or investment advice.
Yes! This stock offering is open for anyone across the world to invest, as long as in your country and jurisdiction it is legal. We recommend consulting with a lawyer in your jurisdiction before investing in any company, in case your country or situation requires specific legal or investment advice.
We believe that you can, and we plan to offer the investment in all 50 states unless a state securities regulator tells us not to. However, We recommend consulting with a lawyer in your jurisdiction before investing in Goldenseed, in case your state or local laws require specific legal or investment advice.
You can sell your shares after you invest. However, keep in mind that as Goldenseed is not a publicly traded company, you’ll need to find your own buyer. Goldenseed’s stock will not be listed on an exchange at this time. If you invest in our company at this early stage, you should do so with the plan to hold on to the stock for the indefinite future, and to grow with us. If you are looking to buy the stock and sell it quickly, this is not an investment for you.
Yes, the minimum investment is $100.
There is no maximum you can invest (other than the total amount we are raising which is $10,000,000) if you are an accredited investor. If you are not an accredited investor, then you can invest no more than 10% of the greater of your annual income or net worth. When you invest, our online form does the calculations for you, so don’t worry about having to do the math yourself!
Totally! The more, the merrier.
Federal and state securities laws require our broker-dealer to verify your identity and to do certain compliance tests behind the scenes when you apply to invest. While we would prefer to not have to ask you for this information, the broker-dealer cannot do what federal law requires them to do unless we get that information from you. As an investor in our company, we want you to understand that we take the legal aspects of our job very seriously, and that we do our best to comply with all laws that apply to us, including these.
This is a requirement of federal securities laws and of Regulation A. The law designed to ensure that people do not invest more than a certain amount, so we have to collect this information if you are not an accredited investor. As an investor in our company, we want you to understand that we take the legal aspects of our job very seriously, and that we do our best to comply with all laws that apply to us, including these.
Federal and state securities laws require our broker-dealer to verify your identity and to do certain compliance tests behind the scenes when you apply to invest. State cannabis laws in California require us to give certain state agencies your information as economic interest holders in a cannabis company, just like all of us had to do. While we would prefer to not have to ask you for this information, the broker-dealer cannot do what federal law requires them to do unless we get that information from you, and we cannot comply with state cannabis laws unless we get this information from you. As an investor in our company, we want you to understand that we take the legal aspects of our job very seriously, and that we do our best to comply with all laws that apply to us, including these.
The personal information you provide to us will be provided in an encrypted manner, and we do what we can within the limitations of the existing computer and online world to protect that information. We take your privacy seriously and will not distribute or sell your private information to anyone, other than regulatory bodies that require it or people like our broker-dealer who have to have it to do what is required under federal and state laws. However, please understand that we, like every other company in the world, are subject to possible criminal malfeasance or someone who attempts to hack our systems. We cannot ever (nor can anyone else) 100% guarantee that such criminal acts or hacking will never occur, but we take commercially reasonable steps, like any responsible company, to prevent that from happening.
You can pay by ACH (bank payment), wire, or check.
Once your shares have been issued, we cannot provide you with a refund. If you change your mind prior to the time your shares have been issued, write to us at firstname.lastname@example.org and we will do our best to work something out for you, if we can.
No, you can only invest through our website and those websites we partner with to sell our shares.
Yes, if your IRA, trust or retirement account allows it. Most self-directed IRAs and retirement accounts allow you to invest in private companies like ours, and so do most trusts, so check with them first.
Every state has different laws. What we can legally do in California in the cannabis business cannot necessarily be done in the other 49 states. As a result, prior to starting our stock offering, we reached out to states where cannabis is illegal in any form and asked them if they had any issues with us selling our stock to citizens of their state. Louisiana (where recreational cannabis is illegal) was the only state that voiced any concerns to us. While they didn’t tell us specifically not to sell stock in their state, their state securities agency raised enough of their concerns (which they have the right to do in their state) in their letter to us that we decided to not allow citizens of Louisiana to invest in Goldenseed. We are sorry that we cannot sell stock to Louisiana residents as a result, but if things change we will make an announcement.
Still have questions? Hit us up at email@example.com and we’ll get you taken care of.