Source Agriculture

Source Agriculture

[Closed for Investment] 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.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Rialto Markets
Start Date
07/02/2024
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

Company & Team

Company

Year Founded
2023
Industry
Farming & Agriculture
Tech Sector
AgriTech
Location
Vancouver,
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$3,491
 Runway
24+ months

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
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/21/2024 Rialto Markets - - Equity - Common Funded RegA+
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Add to portfolio
Source Agriculture on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Price per Share: $2.00

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Follow Source Agriculture on Rialto Markets 2024

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Warning: according to the close date for this deal, Source Agriculture may no longer be accepting investments.

Source Agriculture Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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