Source Agriculture

Source Agriculture

Early Stage

Farming, Diversified

Farming, Diversified

Overview

Funding data not publicly available
Platform

Rialto Markets

Start Date

07/01/2024

Close Date

Not Provided

Min. Goal
$500
Max. Goal
$75,000,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$2.00

Year Founded

2023

Industry

Farming & Agriculture

Tech Sector

AgriTech

Location

Vancouver,

Source Agriculture is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. It is a large farmland company that invests in farms with wind turbines and solar farms. Source Agriculture aims to implement sustainable farming practices on its farm holdings, become eligible to sell carbon credits, and keep environmental issues in the forefront. The business has recently acquired a 158-acre farm in Macon County, Illinois, and aims to install a renewable energy project on-site. Varandeep Grewal founded Source Agriculture in 2023. The current crowdfunding campaign has a maximum target of $75 million. The campaign proceeds will be used for the acquisition of farms, marketing, reimbursements, and professional services.

Balance Sheet

Cash and Cash Equivalents

$1,761,685

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,761,685

Long Term Debt

$0

Total Liabilities

$16,571

Total Stockholders' Equity

$1,745,114

Total Liabilities and Equity

$1,761,685

Statement of Comprehensive Income Information

Total Revenues

$0

Costs & Expenses Applicable to Rev

$54,796

Depreciation and Amortization

$0

Net Income

$-41,886

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Assurance Dimensions
Financials as of: 07/01/2024
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Source Agriculture on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Price per Share: $2.00

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