HempAmericana (OTC:HMPQ) announced the company has been picked for investment from a crowd funding site for qualified Reg A offerings.
As quoted in the press release:
Minivest, www.minivest.com is an innovative crowdfunding Portal that grants access to exclusive investments in microcap issuers, including publicly traded companies. HempAmericana will be the first investment to go live on the website with an initial allocation of $500,000 in its Qualified Tier 1 Reg A offering through the Minivest portal. The offering will be available to the public, both institutional and retail participation is welcome. Due to Blue Sky Laws, HempAmericana will only accept subscriptions from New York based investors at this time. In the event the initial raise is successful and allocation is over-subscribed, the company will consider a subsequent offering with additional Blue Sky approvals. Minivest is partnered with FundAmerica, an SEC and FINRA registered broker dealer to complete the transfer of funds and comply with state and federal regulations
Salvador Rosillo, HempAmericana’s CEO stated, “We are excited to be selected as the first company featured on Minivest!” He further stated, “Crowd funding tends to bring a diverse group of investors, creating a stronger shareholder base with long term support. As a small team, we look forward to the additional support from Minivest to help us increase the velocity at which we can raise operating capital. The investment process will be streamlined so that we can focus as much time on achieving the milestones announced earlier in the year. Minivest is not a broker dealer and takes no commission on capital raised. With the exception of minimal maintenance fees, the company will receive virtually all the funds raised through the website.”