Steward, a crowdfunding platform for farms, has recently listed a producer of cannabis and “craft hemp” located in Oregon. East Fork Cultivars is located in Takilma in Southern Oregon and is said to be producing high-quality CBD-rich cannabis. Founders Nathan and Aaron Howard started East Fork to grow plant-based CBD medicine and they are looking to expand production but have struggled to raise traditional capital hence the online securities offering.
Crowdfarming
Of note, is the fact that Steward is the creation of Dan Miller, the co-founder of Fundrise and a former executive at the online real estate marketplace. Steward vets each farm and develops a customized plan with farmers for the funds they need to grow their business. Steward says it is currently working with sustainable farms across the country, including in California, Michigan, Louisiana, Pennsylvania, and Colorado.
Miller said they were pleased to raise capital for East Fork Cultivars and they are accepting investments as little as $100:
“… any U.S. resident can support this local, sustainable CBD-focused hemp farm while earning a financial return,” said Miller.
According to the offering page, East Fork Cultivars is looking to raise a minimum of $50,000 for a three-year loan that pays 10%.
“Through concentrated breeding work over the past few years, we have created a diversity of resinous, flower-focused, therapeutic-grade cannabis cultivars that legally qualify as hemp. Thanks to Steward, we can now bring our work, and these therapeutics, to people across the country,” said Mason Walker, CEO of East Fork Cultivars.
New loan funds are expected to be used for East Fork to expand its genetics program, targeting a commercial hemp seed launch in 2021 to meet the growing demand for hemp from farmers across the country.
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