The Cannabis Technology Brand is Raising Funds to Grow and Expand Product Offerings, Market Share and Brand Awareness
HOPEDALE, MA (MAY 16, 2022) – Today, Green Goddess Supply announced the launch of their SEC-approved Regulation Crowdfunding raise (aka “Reg CF”) on the StartEngine.com platform. The Massachusetts-based business empowers anyone to grow their own legal herbs at home themselves, quickly, easily, discreetly, and inexpensively.
Unlike typical start-ups, the company has been around a few years. Initially funded by management and “friends and family,” Green Goddess Supply has built an impressive catalog of cannabis-centric accessory products including storage boxes, rolling trays, grinders, pipes and more. The crown jewel in its product line is the critically acclaimed, award-winning personal home grow system sold and marketed as “The Armoire.” Now, with U.S. patent in-hand and rave reviews, the company believes The Armoire is ready for prime time.
“We are incredibly excited to launch this initiative,” said Founder and CEO, Eric Robichaud. He continued, “What’s impressive to me is management’s ability to build, ship and deliver almost 600 systems during the global pandemic that has been riddled with supply chain obstacles and seemingly never ending “red tape” including, but not limited to, price gouging for Ocean Freight, new hidden costs such as “port congestion,” scarce and expensive domestic LTL shipping, supply chain and materials delays, and more.” The company has overcome these obstacles and is expanding The Armoire product line with new, higher-margin models ready for the 2022 holiday selling season. This capital raise will enable the company to continue to expand the product line, and scale sales and marketing.
Robichaud points out that The Armoire isn’t “just some idea” – it’s gone through R&D, prototyping, pre-production and into production. The company has built-out shipping and warehousing capabilities, internal and external systems and processes, and more. “It’s amazing to see the results of these Armoire units successfully deployed in homes across the country, which have been able to really help to change and improve lives! We’re now ready to scale up and bring it to the masses,” he said.
With this offering, the company will gain access to over 750,000 investors via the StartEngine Regulation CF platform, to showcase their unique, patented cannabis home grow system.
“We are part of a larger, DISRUPTIVE revolution: investing in private companies in red-hot sectors before they go public or are sold,” said Vincent Bitetti, inventor of The Armoire and Chief Cannabis Officer at Green Goddess Supply. “Under Reg CF, companies apply via a highly-regulated system, akin to going public. It all takes place through an SEC-registered intermediary, either a broker-dealer or a funding portal such as StartEngine.com.” These rules are relatively new—the SEC approved Reg CF in 2017. For the first time ever, this enables eligible companies to offer and sell securities through crowdfunding. And similarly, it allows individual investors to access pre-IPO businesses that were previously only accessible to accredited investors – typically via private placements as companies prepare to go public.
The Regulation Crowdfunding campaign is being hosted on the StartEngine.com platform. Interested parties can search “Green Goddess Supply” on StartEngine.com or follow this link directly to the campaign page: https://www.startengine.com/green-goddess. There are special incentives, such as free bonus shares, for investors who commit early in the campaign.
ABOUT GREEN GODDESS SUPPLY
Green Goddess Supply is a “cultivation to consumption” cannabis technology lifestyle brand offering a line of high-quality products to grow, store, prep and consume hemp flower and cannabis products. The company sells direct to consumers at MSRP through its website, and also offers wholesale and distributor accounts to brick and mortar storefronts and industry distributors. Green Goddess Supply strives to exceed expectations and delight customers with quality products and amazing customer service. The Armoire is a trademark of Green Goddess Supply. Green Goddess Supply is a privately held company headquartered in Hopedale, MA with additional warehousing and distribution partners in Los Angeles, CA; Long Island City, NY and Pooler, GA. For more information about the Green Goddess Supply offering, visit the StartEngine website at https://www.StartEngine.com/green-goddess
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