AG Marvels
Overview
Digital Tokenization of a Convertible Note, with a minimum 10% equity interest in the Client and a maximum 33% equity interest in the Client Company, calculated based upon a pre-money valuation of $33,000,000 (the “Offering”).
The “Tokens” issued to investors (the “Investors”) will be partially secured by a 100% of all assets of the Client including contracts and purchase orders (the “Collateral".
The security interest on the Collateral will be removed, immediately upon the earlier of (i) Client achieving 12 months trailing gross revenue of $2,500,000, or (ii) Client closing on another capital raise generating at least $20,000,000 in gross proceeds. The tokenization will also have dividends reserved at an annual 9.50% interest for the first 18 months. The Parties agree that 18 months of interest will be reserved out of the actual amount of proceeds raised in the Offering (i.e., assuming $11,000,000 is raised, $1,567,500 in Interest will be set aside in an escrow account maintained by the Issuing Company with proceeds to be used solely for the payment of such interest).
AG Marvels LLC is a hemp and CBD company located in central Michigan, providing a variety of products and services to the hemp, and CBD industry. Our offerings range from bulk hemp and specialized CBD sales through services and seeds provided to growers in order to improve their operations. The opening of global regulations and the astronomical rise in demand for hemp and cannabis products has put our company in the position of having large bulk orders from both US-based and international customers and as a result, we are looking to increase our capacity and take ownership of a production and office facility. We have purchase agreements in place with customers from 10 different countries, growing capacity to fulfill the orders and are in the process of building out the processing facility. However, despite the increasing legitimacy and proven benefits of CBD, and hemp products, companies in the cannabis and hemp industry are facing exploitive rents and interest rates.
Collateral
AG Marvels was established in 2018 when hemp production was legalized in Michigan. AG Marvels is the market leader in the state of Michigan, offering complete seed to sale services and resources for Michigan Hemp producers to become highly effective with their success in this new crop industry in the state. The passing of the 2018 Farm Bill allowing farmers to legally grow hemp for the cannabis industry. Partnering with growers statewide has allowed the company to ensure supply of raw materials at a high quality, as well as improving the business capacity and profitability of those partners.
OFFERING DETAILS
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Maximum Membership Tokens Offered:
$11,000,000
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Price Per Token:
$2.20
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Minimum Investment:
$6,000
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Total Number of Tokens:
5,000,000
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Start Date:
05/11/2022
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End Date:
08/21/2022
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Minimum Holding Period:
1 Year
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Exemption Type:
Reg D-506(c) | Reg S
What certifications and licensing does Ag Marvels have?
Ag Marvels has a hemp processing license from the Michigan Department of Agriculture, Ag Marvels is CGMP certified through Perry Johnson for food safety, and Ag Marvels is USDA organic certified to make CBD and CBG oils.
Where does Ag Marvels sell their products?
Ag Marvels has a global reach and is currently selling in over 6 countries and in talks with many other about starting new distribution channels.
How large is Ag Marvels extraction capabilities?
Ag Marvels has the largest extraction facility in Michigan with the ability to extract over 6000 pounds per day of hemp biomass.
What part of the hemp process is Ag Marvels involved in?
Ag Marvels is involved from selling farmers seeds, to offering harvesting and drying solutions, then extracting and finally making finished products. We are involved in the hemp industry from seed to shelf.
Is Ag Marvels involved in promoting the hemp industry?
Ag Marvels CEO Mike Klumpp sits on the Michigan Farm Bureau Hemp task force and a federal ATAC board that makes recommendations directly to the secretary of agriculture about hemp in the United States. Michigan Department of Agriculture called on Ag Marvels last year to train their staff in Michigan on the hemp industry so Ag Marvels hosted a 2-day training event and trained over 50 inspectors for the State of Michigan.
What publications has Ag Marvels been featured in?
You can check out our website for all articles that have been done on Ag Marvels at www.agmarvels.com. The most recent publication was with the top 100 magazine where Mike and Jaime Klumpp were not only featured in the magazine, but they were on the cover as business leaders in the United States for their work in the hemp industry.
Where does Ag Marvels see the most growth opportunities in the hemp industry?
Ag Marvels focus is on emerging hemp and CBD markets around the world.
What does Ag Marvels offer for farmers in the hemp industry?
Ag Marvels sells inputs for farmers such as seeds and nutrients. We also offer harvesting and drying services along with tolling agreements with our processing lab for extraction.
When did Ag Marvels start in the hemp industry?
Ag Marvels started when the hemp industry started in Michigan in 2018.
What is the largest revenue generator for Ag Marvels?
Ag Marvels largest source of revenue is exporting bulk cannabinoids.
Does Ag Marvels do any cannabinoid conversions in their lab?
Yes, Ag Marvels currently does conversions to several cannabinoids and has a chemist on staff constantly doing R and D on other new and upcoming cannabinoids.
Does Ag Marvels offer the new CBDA and CBGA that was just recognized in a university study to help prevent covid from entering human cells?
Yes, Ag Marvels has extraction capabilities for CBDA and CBGA cannabinoids.
Does Ag Marvels use third party testing for their products?
Ag Marvels has its own in-house testing instruments which it uses on a weekly basis to guarantee a standard of quality of its products it is manufacturing. When products are finished Ag Marvels sends these out to a third-party lab to be tested to confirm the quality.
Does Ag Marvels have a system to track products and inventory?
Yes, Ag Marvels uses a software to track customers products through our extraction process and then into our inventory system. After products are in inventory they are tracked as to where they are sold, and this is all audited by a third-party auditor for our CGMP certification.
What are Ag Marvels 3 biggest achievements since its inception?
Established a global network of sales
Has seen tremendous growth through a downturn in the hemp industry
Has established a team and a network of individuals that will dominate the hemp industry.