Living in Santa Cruz California it is always nice to see a local company doing big things. In this interview with Co-Founder and CEO of Goldenseed Scott Goldie and their securities lawyer Kendall Almerico we discuss the first of it’s kind in cannabis utilizing Regulation A (is an exemption from registration for public offerings. Regulation A has two offering tiers: Tier 1, for offerings of up to $20 million in a 12-month period; and Tier 2, for offerings of up to $50 million in a 12-month period. For offerings of up to $20 million, companies can elect to proceed under the requirements for either Tier 1 or Tier 2.).
Goldenseed has attracted some heavy hitting people with Mike Dirnt of Green Day not only as an investor but brand ambassador for the up and coming company. “I got involved with Goldenseed on an invitation to look at the farm with a friend of mine, and after having made a few trips to check out their beautiful locations, I asked my wife if she was OK with us investing,” Dirnt begins. “She was absolutely all for it because cannabis was a tremendous help during her chemotherapy treatments when she was battling breast cancer. To this day, it helps with her body aches and pains and the residual effects of a lot of drugs that went into her system.”
Tapping into the growing and cultivation knowledge of JR Richardson across cannabis and hemp he has over 30 years in the space with an attention to detail. Currently 9 strains are being produced under the Goldenseed brand. With a 1st place High Times Cup (Sunset Sherbert/Indica Hybrid) under their belt right out of the gate, it is apparent their attention to the finer points is paramount. JR was one of the first to reintroduce the terpenes from the plant back into a preroll providing a better taste and aroma. Not to mention offering a Surf City OG strain.
The best thing about how this company is setup for financial success and the process of on-boarding investors. The ability to utilize Regulation A allows the company to create a vehicle by only approving accredited investors to participate for a minimum of $100. The offering spans 5 different ranges all the way up to naming your own strain!