Disrupting Puerto Rico’s Farming Model
Invest in Fusion Farms
Fusion Farms is located in a qualified Opportunity Zone and is the first hurricane-protected, indoor, vertical produce farm located in Puerto Rico.
Our 11,500 square foot concrete building has the capacity for 80,640 total plant net pots which translates to a production capacity of 1,183,000+ ounces of produce per month.
Our pilot project will utilize deep-water rafts to grow mint, basil and microgreens in Phase 1 without soil under LED lights in a controlled environment. Our business model below shows the ability to generate $414,000+ per month in Net Profit from both plant and fish sales.
Our grid-tie solution using renewable energy such as solar, battery backup and generators means that Fusion Farms will not be dependent on the power company and can minimize energy costs.
Tilapia housed in tanks outdoors will be the engine of nutrient-rich water to fuel the plant growth and deliver seed-to-harvest produce in as little as 21 days. Our carousel grow cycle means we can grow our produce year-round with consistent results.
Fusion Farms represents a “fusion” of innovation, talent, impact, urban farming, and food security for the island of Puerto Rico.
“We are standing”
Why Puerto Rico?
Post-Hurricane Maria, Puerto Rico imports 95% of its fresh produce.
With 30 inches of rain in some areas and wind gusts up to 175 mph, Maria devastated Puerto Rico’s struggling agriculture. It is clear, Puerto Rico needs a new sustainable agricultural model to feed a population of over 3 million people.
Fusion Farms creates a solution for the island of Puerto Rico and for its communities that face environmental, climate and economic challenges, using a micro-grid, sustainable Controlled Environment Aquaponics (“CEA”) facility implementing vertical farming systems that use 1/10th of the water compared to traditional farming techniques.
Here are the main problems for which we have created this solution:
- 90% or more of the food consumed on the island of Puerto Rico is shipped in, traveling a minimum of 1,500 miles for weeks at a time.+
- 48% of the population live below the federally defined poverty line.*
- 27% of Puerto Ricans are on some form of government subsidies.*
- Puerto Rico Industrial Development Corporation (PRIDCO) has tens of millions of square feet of empty buildings, abandoned in the ongoing economic downturn.
- Ongoing economic crisis, no new jobs, intellectual flight from the island, 39% labor participation rate.**
- 80% of farms were destroyed by Hurricane Maria, just one of two devastating hurricanes where recovery still continues.
Fusion Farms has submitted an application to PRIDCO, which was approved on September 26, 2018. The application is to lease 11,500 square feet of a fully concrete, hurricane-protected industrial warehouse space to be converted to a micro-grid Controlled Environment Aquaponics facility in Mayagüez, Puerto Rico using renewable energy.
Fusion Farms is pioneering the urban farming solution for an island that is starving for food sovereignty. The impact this will have on the island is immeasurable.
We are grateful for the support you provide to make a difference in the agricultural climate and future for Puerto Rico.
We don’t measure our day by the harvest we reap…
but by the seeds of hope that we plant.
Our Business is Sustainable Aquaponics
Fusion Farms (“FF”) combines elements of hydroponics, aquaculture and renewable energy in a fully contained and controlled environment. Sustainable Closed Environment Aquaponics (“CEA”) provides a unique combination of technologies and agriculture for the production of a variety of food products, as well as fish, in a CEA facility. Extensive scientific research on aquaponic ecosystems has paved the way for repeatable, scalable food production, which represents an innovative advance in the way food supplies will be grown in the future.
The most simple definition of Aquaponics is the combination of aquaculture (raising fish) and hydroponics (the soil-less growing of plants) that grows fish and plants together in one integrated system. The fish waste provides an organic food source for the plants, and the plants naturally filter the water for the fish. The third participants are microbes (nitrifying bacteria). These bacteria convert ammonia from the fish waste first into nitrites, and then into nitrates. Nitrates are the form of nitrogen that plants can uptake and use to grow. Solid fish waste is turned into vermicompost that also acts as food for the plants. In combining both hydroponic and aquaculture systems, aquaponics capitalizes on their benefits and eliminates the drawbacks of each.
$430/share of Common Stock│When you invest you are betting the company’s future value will exceed $4.4M.
10% Bonus for Early StartEngine Shareholders
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
“Our solution is the “fusion” of hydroponic growing of agricultural products combined with aquaculture of Tilapia based on the implementation of a comprehensive eco-system consisting of a self-sustaining, renewable, organic Controlled Environment Aquaponics (“CEA”)”
~ Kendell Lang, Founder
How Far We’ve Come…
As a startup, we have completed our market research, conducted a Feasibility Study, prepared our Business Plan, identified our initial property, negotiated our initial lease, designed the renovation of our initial property, negotiated strategic partnerships in support of our Business Plan, hired consultants to provide cost estimates for all aspects of the renovation, and retained our CPA to review and sign off on our financial projections. We are now ready to accept investment funding that will allow all this planning to be put into action.
We designed a system specific to the feasibility studies, energy needs and food production requirements for what is projected as to be a sustainable and profitable project. The plan includes the use of tilapia, floating rafts, vertical grow towers, rainwater collection, solar, and advanced technology controls.
We have drafted our initial 3D Design for the property; the image to the left provides a visual rendering of the proposed construction and layout.
Our financial projections included in the prospectus have been reviewed and signed by Lcda. Cynthia J. Rijo Sánchez, CPA/Attny.
We have the enthusiastic support of the University of Puerto Rico – Mayagüez and we are pleased that Dr. Rene Esteves and Dr. Luis Mejia are on our advisory board and they are integrating internships for their students from their Department of Agriculture.
Fusion Farms represents a “fusion” of innovation, talent, impact, urban farming, and food security for the island of Puerto Rico.
~Lisa Jander, Co-Founder
Based on the scale of the model and specs, the plan will include both indoor and outdoor facility use, including but not limited to:
- Water use and conservation: Irrigation, flow design, rainwater harvesting
- Vertical and horizontal grow designs
- Fish farming tanks with observation windows
- Testbeds for introducing new fruit and vegetable production.
- Renewable energy use: solar and wind (grid-tie microgrid with battery storage)
- Technology and automation
- Community use: field trips, observation, research, events, tours, etc.
The FF model is intended to create an efficient design based on the current elements, adding advanced technology through engineering rigor that will enhance performance and scalability.
Sensory and software components that automate the management and daily operation of the system will be included in this design. Data capture will play a vital role in the success of the model and FF will incorporate the most innovative technologies available within the budget allowed.
The Advantages of Our Pilot Program
By using the Fusion Farms model as a test facility to prove out an effective model, community members will benefit from the transparency of trial and error leading to success. Feasibility, cost containment, use of natural resources, data capture, research, and profitability will all be vital to a thriving program.
The system will be built onsite in Mayagüez with plans to expand to other parts of the island. Because these plans include creating a state of the art sustainable agriculture facility, Fusion Farms can be used to educate and instruct participants in the principles of sustainable agriculture as embodied in the model.
This will assist in the propagation of the model and attract those interested in sustainable agriculture who may have new and additional thoughts and ideas that can be integrated into the model design, creating dynamic sustainable knowledge and IP. This creates an additional revenue model for subscribers to benefit from updates on innovations and improvements.
Aquaponics allows crops to grow faster, year-round, using less water and minimal labor while minimizing crop failures. Fusion Farms, in the beautiful Mayagüez district of Western Puerto Rico, is the ideal location to use an existing concrete, hurricane-protected PRIDCO building to grow non-GMO produce high in local demand.
You now have the opportunity to own a share from a CEA facility growing these agricultural products. This is a complete turnkey, hands-off investment opportunity: you invest in the CEA operations but we handle the installation, planting, and harvesting. Our farm team then capitalizes on the maximum sales in the local marketplace through Distributor’s, Farmer’s Markets, Direct to Consumer and through local Chefs and Restaurants.
Pilot – Year 1:
- 6 mint varieties – 45% Production
- 6 basil varieties – 45% Production
- Microgreens – 10% Production
- Whole Tilapia – Ancillary Product
Year 2 – reconfirm market demand and feasibility
- Butter Lettuce
- Plant fruit trees and Moringa
- Living Bamboo wall along the perimeter
Year 3 – Develop outdoor expansion under hoops
- Green beans
“The first wealth is health.”
Market Supply and Demand
- Over 80% of fresh produce is imported
- Only 37% of farms in Puerto Rico have been restored since Hurricane Maria as of December 2018
- Over-inflated prices due to import fees and taxes
- Food often travels over 1,500 miles
- Food is depleted of nutrient value and is poor quality, as the photos to the left demonstrate
- Locally Grown
- Non-GMO Organic standards
- Better tasting
- Farm-to-Table fresh products
- Consistent quality
- Stable pricing
- New varieties
- More nutritional value
- Food Sovereignty
- Easy Local Access
- Food consumers can trust
Outdoor fish farming is used to implement the most advanced sustainable methods of growing, producing and harvesting seafood.
We have chosen tilapia as our nutrient source to grow healthy produce without using chemicals or pesticides. Our fish will be located outside to minimize humidity and maximize food production space inside.
Though the tilapia is less than 5% of our revenue stream, it is our primary source of nutrient value for the plants we grow.
The power supply in Puerto Rico has proven to be unreliable and extremely costly. To provide a hurricane-protected facility, we will be using LED lights and other operational equipment which will be powered by solar, battery backup and diesel generators on a micro-grid system.
- MICRO-GRID 400w Solar Power System on both the roof and the shade Pergola for the fish
- Net-Zero Agreement with PREPA for autonomy and grid-connected backup
- Solar battery storage
- Diesel Backup generator
- Supplement wind power generation considered when economically feasible through real-time data collection
The application of an appropriate rainwater harvesting technology will make possible the utilization of rainwater as a valuable and necessary water resource. We will harvest rainwater to provide an additional water source for the fish tanks as well as the filtration system for the plants. The roof is designed to capture maximum rainfall to allow for water security when needed.
- Secured relationships with top, local distributors to deliver to restaurants and grocery stores in refrigerated trucks
- Will pursue relationships with cruise lines
- Will hire locals to distribute produce to farmers markets
- Create membership for weekly deliveries through Social Media
- Will use the excess to create canned goods such as mint jelly and pesto to ensure no waste
- Will be positioned for exporting when economically viable
- Will distribute excess to food banks on the island
- Will pursue relationships with Costco, Walmart, Sam’s Club at optimum volume requirement.
Your Investment and Ours
Fusion Farms has taken every precaution to protect our investment and yours:
- Qualified Opportunity Zone
- Hurricane-protection in a concrete building
- Energy autonomy using solar, battery and generators
- Bio-secure netting to prevent pests and disease
- Non-GMO practice to deliver nutritious produce without chemicals or genetic alterations
- Flood protection – elevated building and fish tanks with high margin
- University partnerships with University of Puerto Rico, Mayagüez, University of Arizona, Arizona State University and Santa Fe Community College in New Mexico
- Providing Internships for agriculture students to employ and groom for Phase 2
- Scalable for additional locations in multiple locations around the island
- No import delays
- Very few food miles from farm to table
- Consistency through quality control and controlled environment
- Providing jobs for Puerto Rico
- Superior team to implement and grow a successful and profitable business model
Business Model and Investor Benefits
When construction is complete, our facility will have the following production capacity:
- Vertical Rack Grow System (leafy green vegetables)
- 144 Total Racks, five (5) shelves per rack
- 80,640 Total Plant Capacity
- Three (3) Initial Agricultural Products;
- Basil (65 Racks with Capacity to produce 507,080 ounces per month)
- Mint (65 Racks with Capacity to produce 672,657 ounces per month)
- Microgreens (14 Racks with Capacity to produce 3,423 ounces per month)
- Fish Tanks (eight (8) fish tanks under shade)
- Each Tank is 4,000 gallons holding up to 750 Tilapia
- 6,000 Total Fish Capacity
- 800 to 1,000 Whole, Live Fish Capacity per month
- Basil – current market retail price $1.23 per ounce (wholesale price $0.65 per ounce)
- Mint – current retail price $1.25 per ounce (wholesale price $0.75 per ounce)
- Microgreens – current retail price $3.75 per ounce (wholesale price $3.50 per ounce)
- Fish – current retail price $2.00 per pound for whole, live Tilapia
We have relationships with leading food distributors throughout Puerto Rico[i]*. We have substantiated market pricing (retail and wholesale), as well as market demand through these distributors who have confirmed the high market demand for our agricultural products from their customers.
|Cost of Goods Sold (34%)||$288,998.73|
|Gross Monthly Profit (Loss)||$560,997.53|
|Gross Monthly Margin (%)||66%|
|General & Administrative Expenses (15%)||$127,499.44|
|Monthly Profit (Loss) Before Taxes||$431,414.76|
|Net Profit (Loss)||$414,158.17|
|% Monthly Net Profit/Sales||48%|
|Investors Return On Investment|
|Initial Investment|| $107,000|
|Investor Percent Ownership||2.5%||$10,305.80|
So, when we achieve production at our full capacity, we project we will be able to generate revenues and resulting profits that show an annual return of $397 for every $430 invested, approximately 92% annualized ROI.
[i] *Sources: CLICK HERE TO VISIT REFERENCE PAGE
If you have generated a substantial capital gain from your investments in 2018 – congratulations! However, you may also be dreading the huge tax bill that’s coming your way.
The good news is that the introduction of Opportunity Zones by the Tax Cuts and Jobs Act in December 2017 can provide you with an investment vehicle to defer capital gain tax while using the funds from such gain to invest in opportunities like Fusion Farms.
As noted on the Grant Thornton April 18, 2018 Tax Alert, Puerto Rico was designated as a Qualified Opportunity Zone under the U.S. Tax Cuts and Job Act of 2017 (the “Act”). By providing for short- and long-term capital gains tax deferral and the potential for significant step-up in basis, the Act aims to spur long-term investments in low-income urban and rural communities throughout the U.S. and Puerto Rico by investing in a qualified opportunity fund.
- To implement a design in which all elements are preserved, re-used or recycle when possible
- Use clean waste-to-energy for sustainable primary power/energy requirements creating a low carbon footprint
- Focus on repeatable, scalable methods to expand commercialization of the model
- Provide Puerto Rico with all-natural, non-GMO produce
- Use green/advanced construction materials when available for use in a wide range of regions and environments.
- Create a resource for community development and learning onsite
- Follow “best practices” from upper-level management to all employees and staff.
- Maintain all certification for food handling and food safety
- Impact the Puerto Rican community by proving out a way to reach food sovereignty
Fusion Farms is dedicated to impacting Puerto Rico in a positive way; we are passionate about our farming solution and that there has been no better time to invest in the future of farming.
What Makes Our Team Special
University of Puerto Rico, Mayagüez:
Fusion Farms has partnered with Dr. Rene Estevez and his colleague, Professor Luis R. Mejia-Maymi at the University of Puerto Rico Mayagüez to assist with the design and operation of the Aquaponic system. Rene Esteves, PhD is currently serving a dual role as the Extension Leader for the University of Puerto Rico (UPR) Sea Grant College Program which is headed by Dr. Ruperto Chaparro. Dr. Esteves is also the Aquaculture Specialist for the UPR Agricultural Extension Service. Previously he’s served as Puerto Rico’s Fisheries Liaison for the National Marine Fisheries Service of the National Oceanic and Atmospheric Administration. Dr. Esteves is a coral reef fish ecologist whose research interests have focused on larval connectivity of commercially important fish species, changes to coral reef fish community structure due to disturbances and fisheries independent assessments. His double role in the UPR is in part meant to strengthen informal education in small sustainable recirculating aquaculture projects that would both increase food security and offer alternative income for low-income rural coastal communities.
University of Arizona:
Dr. Shane C. Burgess is Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension, Charles-Sander Dean of the College of Agriculture and Life Sciences, and Director of the Arizona Experiment Station at the University of Arizona. He has 188 refereed publications, trained 38 graduate students and has received nearly $55M in competitive funding since 1997. His division has a total budget of $135M with over 3,900 students and more than 1,700 employees. He currently serves on the Agri-Business and Water Council of Arizona Executive Committee, the Board of Directors for Arizona Farm Bureau, and the Governor’s Agricultural Best Management Practices Committee for the Arizona Department of Environmental Quality.
“We need to grow food,” said Pedro Casas. “It doesn’t matter how but we need to grow it. If we don’t teach our kids these things you don’t turn that spark on. Education about agriculture was and still is very low on the island, we need to get into the schools.”
Operational Farm Design Consultants:
Fusion Farms has been working with Jorge Casas to focus on the day-to-day operations of the CEA Farm. Jorge and Pedro were successfully operating one of the largest CEA Greenhouse facilities in PR until it was destroyed by Hurricane Maria.
Jorge understands what it takes to operate an aquaponics farm and will be helping us recruit interns and new hires and make sure they are trained. The entrepreneur brothers set up an expanding distribution network to serve themselves and dozens of other farmers around the island and to help drive the food revolution. With the farming boom comes more farm laborers, drivers and retail workers, and urban produce markets are opening up across Puerto Rico. One such, O-Mrkt in the San Juan suburbs, opened in April 2016 with the Casas brothers as partners.
Tropical Fruit Farm Design Consultant:
Fusion Farms has been working with Sadhu Govardhan, founder of Goverdhan Gardens to focus on the unique challenges of growing tropical fruits native to tropical ecosystems in and around a CEA facility. Sadhu Govardhan is an independent thinker, eco-organic farmer, tropical rare fruit connoisseur, bamboo specialist, and researcher. Sadhu will provide inputs into crop selection for maximum diversification, as well as assist us in designing a living bamboo wall for shade and security.
Aquaculture Design Consultant
Fusion Farms has been working with Dr. Mike McGee of Caribe Fisheries, Inc. to design the fish component of the system. Fusion Farms will be working with Caribe Fisheries to supply the hatchlings and original Tilapia stock for our CEA.
Dr. McGee owns and operates Caribe Fisheries Inc. a tropical aquaculture farm in Lajas, PR. He is involved in all phases of aquaculture and particularly those which may be important to improving productivity and quality of life in PR. Most recently he introduced a new aquaculture species to this hemisphere, the Basa catfish. Puerto Rico is currently the only nation in the western hemisphere to culture this food fish. Exports from Vietnam to other countries of the world are over $1,000,000,000 a year and there is good potential in all tropical regions of the western hemisphere to culture this valuable species(1). He also offers training and workshops related to aquaculture. He is working with Fusion Farms and other institutions to increase awareness of aquaculture in PR.
Dr. Michael V. McGee has extensive experience and training in the areas of aquaculture, aquatic ecology, water chemistry and fisheries science. For the past 18 years he has successfully developed and operated his own aquaculture-agriculture business Caribe Fisheries Inc, located in the Lajas Valley. Caribe Fisheries produces ornamental and food fish species, freshwater shrimp, aquatic plants, vegetables and herbs for sale in Puerto Rico.
Lcda. Cynthia J. Rijo Sánchez, CPA / CR Law & Accounting Services
Cynthia J. Rijo Sánchez is a Lawyer, Notary Public and Certified Public Accountant in the Commonwealth of Puerto Rico.
She obtained her Bachelor’s Degree in Business Administration with a concentration in Accounting from the University of Puerto Rico, Mayagüez Campus, graduating with Magna Cum Laude honors. She obtained her Juris Doctor at the Interamerican University of Puerto Rico graduating with honors Summa Cum Laude.
After working for 3 years in Virginia, as an auditor for the Department of Defense of the United States and having participated in several internships, Cynthia opened her private practice during the month of February 2014. Since then she has provided legal and accounting services to individuals, companies, churches and other nonprofit organizations.
She is currently the President-elect of the Association of Certified Public Accountants of Puerto Rico of the Mayagüez Chapter.
Invest in Fusion Farms Today!
Understanding the Opportunity
We believe it’s possible to make high returns per square foot with a variety of crops. Please see our CPA reviewed and signed financial projections to understand our financial model. More importantly, the food produced will be fresh, natural, nutritious and grown locally.
Feasibility studies will determine the best crop for the island as well as the system. Many factors will influence the system design as well as the food production outputs. Faster growing times with year-round production will greatly enhance the ability to deliver wholesome foods to the communities in Puerto Rico including restaurants, grocery stores, farmers markets, and other retail distribution.
- Create a farm in a building
- Bring people and communities together
- Regenerate unused real estate
- Create viable examples of Urban Agriculture
- Create a “nothing is wasted” approach
- Create lower energy solutions to manufacture, transport and maintain sustainable food supplies; all with a smaller carbon footprint
- Create as many outputs as possible from minimal inputs
- produce alternative plant food sources fish in proteins and other powerful elements
- Connect food sources with nutraceutical alternative for homeopathic and herbal medicine
- Reconnect people with growing food; excite, inspire and engage!
Thank you for being a part of our journey and for helping to make this venture a success!
We believe indoor aquaponics is disruptive and forward thinking and will create new opportunities for Puerto Ricans to learn a different farming model that minimizes the impact of external conditions in order to grow the fresh produce the island needs.
If Puerto Rico were able to replace 90% of its agricultural imports with locally grown produce, it would represent about $3.15 billion that would stay in the island’s economy and around 85,000 new jobs in the agricultural sector.
By using the Fusion Farms model as a test facility to prove out an effective model, community members will benefit from the transparency of trial and error leading to success. Feasibility, cost containment, use of natural resources, data capture, research, and profitability will all be vital to a thriving program.June 2017
Exploratory Trip to Puerto Rico
This was our first trip to search for potential buildings and when we had initial meetings with PRIDCO.August 2017
Second Visit to Puerto Rico
Additional research and exploring potential buildings in cities across Puerto Rico.September 20, 2017
Hurricane Maria Hits Puerto Rico
Hurricane Maria is regarded as being the worst natural disaster on record to affect Puerto Rico and caused 80% of the farms in Puerto Rico to be destroyed.February 2018
Post-Hurricane Maria Site Visit
Tour of the island after Hurricane Maria confirming the physical PRIDCO buildings are hurricane-proof.August 2018
Application Submitted to PRIDCO
After finalizing the top possible buildings, we selected Mayaguez and submitted our application.September 26, 2018
PRIDCO Application Approved!
We got the call to let us know our application had been approvedOctober 2018
Engaged Garden Pool
We commenced Phase I and the Feasibility Study to be done by Dennis McClung and his team from Garden PoolJanuary 2019
Scheduled Date for Building Possession
PRIDCO has indicated we may be given possession during the month of January 2018.February 2019
Estimated Construction Start
We hope to have our fundraising complete, our design finalized, and construction started!May 2019
Based on our preliminary construction schedule and project plan, we are estimating construction completion and first harvest in the May timeframe.
Meet Our Team
Kendell LangCo-FounderKendell Lang is the Chief Executive Officer of Fusion Farms, an innovative hurricane-protected indoor vertical farm solution for the re-utilization of vacant PRIDCO buildings in Puerto Rico. Fusion Farms has been in the formulation stages for decades, starting from Mr. Lang’s Bachelor of Science degree in biology from college where he completed his senior thesis on aquaculture. That early exposure to technology innovation applied to nature has kept alive the vision and passion which today has culminated in Fusion Farms. As a seasoned leader, Mr. Lang brings a unique approach to building teams. He is a life coach with a focus on people, process and tools. He has broad industry success in accounting, finance, real estate, construction, brokerage, professional services, product design, high-tech manufacturing, e-commerce and information technology.Lisa JanderCo-FounderLisa Jander is a Certified Life and Relationship Coach, Public Speaker and Author of a book titled, “Dater’s Ed,” for parents. Becoming an author was a by-product of the passion she has for mentoring teens and young adults and has parlayed into her responsibility for the educational foundation and Community outreach opportunities for Fusion Farms. Lisa is a self-confessed “handyman” and loves every kind of power tool. As a former kitchen designer for Home Depot, Lisa has extensive design, project management and construction experience which lends to her many contributions to not only the startup of Fusion Farms but the efficient and effective ongoing operations. As a Co-Founder, Lisa provides overall project management and task tracking to organize all the myriad parts of this amazing puzzle.Dr. Rene EstevesAquaculture SpecialistRene Esteves, PhD is currently serving a dual role as the Extension Leader for the University of Puerto Rico (UPR) Sea Grant College Program which is headed by Dr. Ruperto Chaparro. Dr. Esteves is also the Aquaculture Specialist for the UPR Agricultural Extension Service. Previously he’s served as Puerto Rico’s Fisheries Liaison for the National Marine Fisheries Service of the National Oceanic and Atmospheric Administration. Dr. Esteves is a coral reef fish ecologist whose research interests have focused on larval connectivity of commercially important fish species, changes to coral reef fish community structure due to disturbances and fisheries independent assessments. His double role in the UPR is in part meant to strengthen informal education in small sustainable recirculating aquaculture projects that would both increase food security and offer alternative income for low-income rural coastal communities.Prof. Luis R. Mejía MaymíAuxiliary Dean for New Center for Agribusiness Development (NuCeDA) Department of AgriculturalProf. Luis R. Mejía Maymí is the Auxiliary Dean for New Center for Agribusiness Development (NuCeDA) Department of Agricultural Economics and Rural Sociology. In August 2009, the Board of the College of Agricultural Sciences (Dean-Director, Associate Deans, Director of International Programs and Director of the Office of Planning and Budget); approved the creation of the New Center for Agribusiness Development (NuCeDA). This was officially inaugurated on Thursday, November 12, 2009, in the Office # 306, of Building C, of the old dormitories of the Campus. NuCeDA is a work space assigned to the Department of Agricultural Economics and Rural Sociology of the College of Agricultural Sciences; that making use of teaching and research, will make more effective the management of preparing agribusinesses and agribusinesses, in skills that contribute to the development of a sustainable agriculture. Among other matters, the Center facilitates the allocation of human and physical resources, in an integrated department, with teaching and non-teaching staff, working in the three units of the CCA – Faculty, Agricultural Experimental Station and Agricultural Extension Service. The interaction between the three units mentioned, includes the participation of graduate students, who learn by doing, while working in the SEA.Dr. Ruperto ChaparroDirector, University of Puerto Rico (UPR) Sea Grant College ProgramAgriculture is a business that develops in a competitive market system, in which success is measured to a large extent, based on the maximization of profit. To achieve this goal we must recognize that knowledge about technical aspects of crop or animal production is not a sufficient condition for the farm to make a profit. Education in managerial aspects of agriculture or agricultural business is essential to promote the development of competitive agricultural and agroindustrial enterprises. The management that is being done, through NuCeDA, sharing information and knowledge with farmers and potential farmers, is of greater importance, when we recognize that the operation of an agricultural business is somewhat different from that of other types of companies. Puerto Rico Sea Grant achieved college status in 1989 and is based at the University of Puerto Rico. Their mission is to fund scientific research to address the priorities of Puerto Rican communities. During September 2017, Puerto Rico was devastated by back-to-back major hurricanes that resulted in the worst natural catastrophe affecting the region in a century. Fishing facilities or “villas pesqueras” including boat ramps and piers were in many cases completely destroyed, boats were lost, gasoline and diesel fuel were nowhere to be found, and there was no electric power. In addition, many fishers’ houses and communities were flooded and/or destroyed by the storm. Puerto Rico Sea Grant actively assisted fishers by providing guidance about available post-hurricane assistance and benefits from federal, state and private entities.Dr. Shane BurgessVice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension, Charles-Sander Dean of the College of Agriculture and Life Sciences, and Director of the Arizona Experiment Station at the University of ArizonaDr. Shane C. Burgess, MRCVS, FLS has worked around the world as a practicing veterinarian and scientist. His areas of research expertise include cancer biology, virology, proteomics, immunology, bioinformatics and computational biology. He has 188 refereed publications, trained 38 graduate students and has received nearly $55M in competitive funding since 1997. Dr. Burgess is currently Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension, Charles-Sander Dean of the College of Agriculture and Life Sciences, and Director of the Arizona Experiment Station at the University of Arizona. The division has a total budget of $135M with over 3,900 students and more than 1,700 employees. He currently serves on the Agri-Business and Water Council of Arizona Executive Committee, the Board of Directors for Arizona Farm Bureau, the Governor’s Agricultural Best Management Practices Committee for the Arizona Department of Environmental Quality, the BIO5 Institute Deans’ Advisory Board, Tech Launch Arizona’s Internal Advisory Board, Arizona STEM Diploma Project Advisory, Flinn Foundation’s Arizona Bioscience Roadmap Steering Committee, Reid Park Zoological Society Board of Directors, Arizona-Sonora Desert Museum Board of Trustees, Pima County Agricultural Science Advisory Commission, Farm Foundation Round Table Steering Committee, and is a member of the National Academies of Sciences, Engineering, and Medicine Board on Agriculture and Natural Resources. Dr. Burgess also serves on a number of university-level planning and strategy committees.Charlie ShultzLead Faculty in the Controlled Environment Agriculture ProgramCharlie Shultz is a faculty member in the School of Trades, Technology, Sustainability and Professional Studies. He is Lead Faculty in the Controlled Environment Agriculture Program, including hydroponics and aquaponics. Charlie began working with fish and plants as an undergraduate at Virginia Tech while earning two B.S. degrees, in Biology and Fishery Science. After a short stint at the University of Georgia working with transgenic fish for toxicology purposes, he found his calling at the University of the Virgin Islands in St. Croix, U.S. Virgin Islands. There he specialized in developing aquaponics using tilapia and a variety of plant crops, as well as other fish production systems. After 14 years, Charlie returned to the mainland U.S. for graduate school at Kentucky State University where he researched indoor aquaponics production including an energy analysis and production potential using various lighting technologies. Charlie spent the following two years working at Lethbridge College in Alberta, Canada, addressing bottlenecks in the upcoming commercial aquaponics sector. Following that grant-funded position, Charlie ran a commercial aquaponics facility in San Marcos, Texas. The drive to continue research, teaching and extension brought Charlie to SFCC.Jorge and Pedro CasasFounders, Agroponicos Cosecha de PRFusion Farms has been working with Jorge Casas to focus on the day-to-day operations of the CEA Farm. On a hillside near Caguas, about 20 miles south of San Juan’s old town, brothers Pedro and Jorge Casas worked in two giant greenhouses, tending crops of organic mint, chives, rosemary and basil. The farm, Agroponicos Cosecha de PR, was remodeled in 2016, in part through a $280,000 loan from the Farm Service Agency of USDA. Jorge and Pedro were successfully operating one of the largest CEA Greenhouse facilities in PR until it was destroyed by Hurricane Maria. Jorge understands what it takes to operate an aquaponics farm and will be helping us recruit interns and new hires and make sure they are trained. The entrepreneur brothers set up an expanding distribution network, to serve themselves and dozens of other farmers around the island and to help drive the food revolution. With the farming boom come more farm laborer’s, drivers and retail workers, and urban produce markets are opening up across Puerto Rico. One such, O-Mrkt in the San Juan suburbs, opened in April 2016 with the Casas brothers as partners.Dr. Michael McGeeFounder, Caribe FisheriesDr. McGee owns and operates Caribe Fisheries Inc. a tropical aquaculture farm in Lajas, PR. He is involved in all phases of aquaculture and particularly those which may be important to improving productivity and quality of life in PR. Most recently he introduced a new aquaculture species to this hemisphere, the Basa catfish. Puerto Rico is currently the only nation in the western hemisphere to culture this food fish. Exports from Vietnam to other countries of the world are over $1,000,000,000 a year and there is good potential in all tropical regions of the western hemisphere to culture this valuable species. He also offers training and workshops related to aquaculture. He is working with Fusion Farms and other institutions to increase awareness of aquaculture in PR. Caribe Fisheries was established in 1989 by Dr. Michael McGee. The main business is ornamental fish for wholesale distribution in Puerto Rico and for export. In addition, Caribe Fisheries produces fish and shrimp seeds for sale to other aquatic farms. Caribe Fisheries continues to work with governments, universities and individuals as consultants to help develop aquaculture in Puerto Rico, Central and South America. Dr. Michael V. McGee has extensive experience and training in the areas of aquaculture, aquatic ecology, water chemistry and fisheries science. For the past 18 years he has successfully developed and operated his own aquaculture-agriculture business Caribe Fisheries Inc, located in the Lajas Valley. Caribe Fisheries produces ornamental and food fish species, freshwater shrimp, aquatic plants, vegetables and herbs for sale in Puerto Rico.Sadhu GovardhanFounder, Govardhan GardensFusion Farms has been working with Sadhu Govardhan, founder of Govardhan Gardens to focus on the unique challenges of growing tropical fruits native to tropical ecosystems in and around a CEA facility. Sadhu Govardhan is an independent thinker, eco-organic farmer, tropical rare fruit connoisseur and researcher. Sadhu will provide inputs into crop selection for maximum diversification, as well as recommendations for the outdoor living canopy on the property around the building.Fusion Farms Puerto Rico TeamGarden Pools Design TeamGarden Pool is a federally recognized 501(c)3 international public charity dedicated to research and education of sustainable ways to grow food. Our mission is to develop better ways to grow food and help others do the same. Our operations are based in downtown Mesa, Arizona. We’re working on bringing the GP system to the rest of the world!DennisFounderDennis is the founder, a designer, and a teacher at Garden Pool. Dennis invented the Garden Pool, wrote the book, developed and manages our web presence. Dennis has also designed several other Garden Pool systems, including the Fantasy Farm, and created many unique GP innovations, such as the 5 Gallon UV Sterilization Bucket. Dennis is the project manager of volunteer builds and is the course instructor for the GP Certified Designers. Dennis believes that sustainable food production helps improve entire communities. Dennis, a full-time volunteer, is the primary researcher and serves as the President and CEO of Garden Pool.DanielleCo-founderDanielle is the Co-Founder of Garden Pool and Operations Director. She overseas the day to day operations of the Garden Pool Store and our Local Programs. She is our resident animal expert. She grew up on a farm in the mid-west and loves growing veggies, herbs and fruit trees in the desert!HeatherSmart Farm Game DesignerMy name is Heather, and I’m in my senior year at ASU. I’m majoring in Sustainability, as well as working towards being an ASU-certified game designer. I thoroughly enjoy the design challenges presented by integrating the real and digital world, and as the team lead on the Garden Pool Game, my main responsibilities will be creating and integrating the Puerto Rico Climate Smart farm as a playable level in the video game.MinghanEconomic AnalystMy name is Minghan Li, and I am a graduated student from ASU with a economics degree. Sustainability is one of the main concerns of economy development. Out current project is a good example of how we can reach certain production output with a sustainable focus. For this project, I am helping with data calculation and business statistics.TrevorDesigner, EstimatorI am Trevor Pittman and am currently a senior student at ASU majoring in Sustainability with a minor in construction management. My focus and passion lies within design, as I enjoy the creative aspects of the projects that I collaborate on. Specifically to this project, I will be taking large part in all design and estimation aspects. This will be done largely through my expertise in 3D modeling.Tyler3D Model DesignerMy name is Tyler Clark, and I’m an interdisciplinary student at ASU with concentrations in sustainability and design studies, with a minor in urban planning. I’m passionate about architecture and landscape architecture, and my dream is to design parks and help integrate parks into cities. For this project I’ll be helping with 3D modeling and rendering. Some of my professional work can be found at Dktadesign.com
|Company||:||Fusion Properties Management Group, Inc. d/b/a Fusion Farms|
|Corporate Address||:||2009 Calle Jaime Rodriguez, Mayagüez, Puerto Rico 00682|
|Minimum Investment Amount(per investor)||:||$430.00|
|Security Name||:||Common Stock|
|Minimum Number of Shares Offered||:||23|
|Maximum Number of Shares Offered||:||248|
|Price per Share||:||$430.00|
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Fusion Properties Management Group, Inc. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.
StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 10 shares of Common Stock at $430 / share, you will receive 11 Common Stock, meaning you’ll own 11 shares for $4,300. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
- Offering Details
- Form C Filings
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Campaign Survey Questions
3 days ago
Thank you to all of you who have completed our Campaign Survey!
We thought we’d share a couple of the questions which came up as part of that:
QUESTION: How much will go towards educating the people here about how to be self-sustainable? How affordable is this compared to old fashioned farming?
ANSWER: A portion of our operating budget includes the partnerships we have with both the University of Puerto Rico – Mayagüez, as well as with the University of Arizona. We will be hosting training classes for schools and community outreach where we will be showing anyone interested in learning how to do variations of what we are implementing at home and on smaller-scale personal projects. In terms of affordability, the question we are really answering is how can you afford to build a farm that is not protected from the next Hurricane???
QUESTION: You talked about expansions, are our shared part of the expansions or are u going to put out another offer. How are we updated on the development of the build-out and production start?
ANSWER: As a shareholder, you will receive regular updates from the Company via a variety of sources, such as our website, email, social media and the more formal Company updates which will be sent monthly to investors via email. The beauty of buying in now is that you become a shareholder in all current and future operations of Fusion Farms, so you will benefit from all expansion and all future projects. We are not planning on doing any additional equity capital raises because we believe the profits will allow us to grow organically and we will have commercial lending sources to finance future growth.
If you haven’t had a chance to take the Survey, it’s a simple six (6) question survey that we promise won’t take you more than two (2) minutes to complete. Just CLICK HERE to go to the Survey and thanks in advance for helping us get this important feedback!
Campaign Survey & Building Tour
4 days ago
FUSION FARMS SURVEY
We are very interested in learning how you first discovered Fusion Farms.
It would help us tremendously if you would be so kind and take two (2) minutes of your time to answer six (6) short and easy questions.
We appreciate in advance your consideration of this request and your feedback will help us make sure our message is on track and that we are reaching the right people in the right places!
CREDIT CARD UPDATE
We also want to let you know about an exciting update to StartEngine’s platform. You can now invest up to $10,000 via credit card in the Fusion Farms offering on StartEngine. Previously, credit card investment amounts were capped at $2,000. We are excited to enable our investors and give them greater flexibility in how they invest in Fusion Farms on StartEngine’s platform.
FUSION FARMS WEBINAR
We previously held a Webinar and had a tremendous response to that, so if you’d like to participate in our next Webinar, please email us at CEO@FusionFarmsPR.com and we’ll make sure you get on the invite list.
FUSION FARMS BUILDING TOUR
If you happen to be in Puerto Rico and would like to come by and visit our building in Mayagüez, please send us an email at CEO@FusionFarmsPR.com and we’ll be glad to arrange a personal walk-thru. We hosted our first building tour last week for the International Friendship Club after presenting to about 60 of their members, so it was really great to have our first “Neighbors” tour our building. Below is one photo inside our building with the group and the second photo is at the front entrance to our building.
Your Investment In Fusion Farms
9 days ago
Thank you to those of you who are on your way to owning a piece of Fusion Farms. We have received your investment commitment and some of you have completed your transaction, others are still pending. If you are unsure about the status of your investment, please feel free to email us at CEO@FusionFarmsPR.com.
Here are some Frequently Asked Questions (FAQ’s)
Has my credit card been charged?
Not yet! Your card will only be charged if the company successfully reaches its minimum funding goal and once it decides to withdraw funds. To learn more about when a company can withdraw funds, feel free to refer to this article. Fusion Farms has not made any decision to withdraw funds yet and we will notify everyone when we do so.
What is the name that will appear on my billing statement?
The name that will appear on your billing statement will read “*|STE|*” followed by the first 15 characters of the Company’s name or |STE|FusionFarms.
Am I officially an investor?
Not quite! You’ll receive official documentation of your investment and applicable shares if the campaign closes successfully.
When can I cancel my investment?
The company will notify you if it intends to withdraw funds. You will have up until 48 hours prior to that disbursement date to cancel your investment. Your card will only be charged at the time the company disburses funds; once your card has been charged you cannot cancel your investment.
How can I communicate with Fusion Farms?
Our Campaign Page has a “Comments” section where you can post your questions, comments or observations, so we look forward to interacting with our Community in this section of the Campaign Page. You can also send private questions to us at CEO@FusionFarmsPR.com.
You can view the progress of your investment in your StartEngine Investor Dashboard at any time. If you have any questions or concerns about your investment, please write to us at CEO@FusionFarmsPR.com.
Thank you for fueling the mission of Fusion Farms.
Kendell & Lisa
Property Walkthrough Tomorrow March 14, 2019
10 days ago
Friends, we are excited to be hosting a Property Walkthrough tomorrow, March 14, 2019, at 12:00 noon and you’re invited to join us. We are going to be presenting Fusion Farms in the morning at 8:30 am at the monthly International Friendship Club in Mayagüez and then we as a group will go over to the building and talk about HOW we got the property, WHAT repairs we plan to do and what is our BUSINESS MODEL.
Come down and learn with us. Bring your thinking cap and get ready to be part of our the team for a few hours while we analyze and run the opportunity.
What: Local FUSION FARM Project
When: Thursday, March 14 @ 8:30 AM for breakfast and Presentation – 11:30 AM to 12:30 PM for the building tour.
Where: Mayagüez, Puerto Rico
Please wear closed toe shoes; no flip-flops allowed. Bring your thinking cap and get ready to be part of our team for an hour while we analyze and run through our numbers. Come down and check out for yourself if this is the right investment for you.
I’ll email you the street address as soon as you RSVP. This event is by invitation only and not open to the public. You can call or text me at 760.445.3315 with your RSVP.
Below are some “Before-and-After” photos of our 11,500 square foot building in Mayagüez, Puerto Rico, so this is the kind of transformation we are excited to be taking a part in changing the economic baseline and giving this Island nation “Food Sovereignty”.
PUERTO RICO RURAL INVESTMENT SUMMIT – PROGRESS REPORT
12 days ago
PUERTO RICO RURAL INVESTMENT SUMMIT
This past Thursday and Friday we were invited to attend the Puerto Rico Rural Investment Summit hosted by the National Rural Lender’s Roundtable at the San Juan Condado Plaza Hilton. Our invitation was thanks to Michelle Torres, our representative from the USDA, so a big shoutout to Michelle for making sure we attended this event! Great meetings with the leadership from the SBA, USDA, various Secretaries of Departments of the Government of #PuertoRico and a number of lenders including Thomas USAF Group, Touchmark National Bank, Live Oak Bank, and #OrientalBank. Some incredible loan guarantee programs on the government incentive side, combined with lenders who are really excited about what #FusionFarms is doing with our #HurricaneProtected #Aquaponic #VerticalFarm!
We had a great conversation with Secretary Manuel A. Laboy Rivera, Eng. who heads the Department of Economic Development and Commerce for Governor Ricardo Antonio Rosselló Nevares Administration, pictured below, will be visiting our facility in Mayagüez in the coming months!!! Very excited to be a part of bringing new opportunities to Puerto Rico!!!
SOCIAL MEDIA UPDATE – FACEBOOK
We are now over the 1,000 LIKES mark on Facebook! Thank you to all of you for connecting and being a part of our loyal and growing community. Lots of folks interested in Aquaponics and we love seeing our following growing.
Our Vision Video at https://vimeo.com/309160606 has been viewed 956 times on Vimeo and the same Vision Video has been seen on Facebook more than 56,000 times!!! You can see the video at https://www.facebook.com/FusionFarmsPR/videos/464096764125149/
SOCIAL MEDIA UPDATE – INSTAGRAM
The link to our Instagram page is https://www.instagram.com/fusionfarmspr/ and we are pleased to show that we have 206 Followers who have been liking and engaging with our posts which total over 100 posts since launching our page over the past few months.
SOCIAL MEDIA UPDATE – LINKEDIN
Our LinkedIn page at https://www.linkedin.com/company/fusion-farms-pr has 73 Followers and we have had 19,300 impressions on our Posts and Articles. LinkedIn is a powerful platform for network and business connections, so please check out our LinkedIn page and follow us!
SOCIAL MEDIA UPDATE – TWITTER
PRIDCO LEASE UPDATE
We have been working really hard with Anthony Cordona, our representative from PRIDCO who has been working through all the complex issues associated with leasing their building in Mayaguez. After the Investment Summit in San Juan ended last Friday at noon, we spent much of the afternoon with Anthony at PRIDCO headquarters and we are pleased to announce that we received a hardcopy of the Lease Agreement. The photos below are of the cover letter confirming our receipt of that Lease, as well as Lisa standing out front of Anthony’s office holding the actual document! This is a MAJOR step forward for us, so we are so grateful to Anthony and all the hardworking staff at PRIDCO who have helped make this dream come true!
We are pleased with our progress and excited to welcome new IMPACT INVESTORS to our team, so thank you for VOTING with your DOLLARS! We appreciate the support and we also want to let you know that we’ve gotten a lot of attention from Bitcoin and Ethereum holders because we can accept payment in those formats. We are also a qualified Opportunity Zone so we can provide an important shelter against capital gains tax which is a big deal!
Depending on which social media site(s) you prefer, we certainly appreciate if you would consider connecting with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
Please let us know if you have any questions and thanks again for supporting Fusion Farms!
Fusion Farms – Promotion Update
20 days ago
Fusion Farms is doing a variety of marketing and promotions to introduce our investment opportunity to a global audience of IMPACT INVESTORS, so we thought we’d share one advertising spot on Transmedia worldwide where we are a new marketing partner on the Jiggy Jaguar Show on JJTV and the KJAG Radio broadcast.
Southern California Roadshow
about 1 month ago
We are in Southern California from February 20th until March 4th, so if you want to meet up to have a direct in-person conversation, please email CEO@FusionFarmsPR.com and we’ll get a meeting scheduled!
Qualified Small Business Stock (QSBS)
about 1 month ago
As published at https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp, Fusion Farms is a Qualified Small Business Stock. The Internal Revenue Code (IRC) Section 1202 defines a qualified small business (QSB). This is separate and apart from being a Qualified Opportunity Zone Investment, so this may be of special interest to prospective investors.
What is a Qualified Small Business Stock (QSBS)
A qualified small business stock (QSBS) is the stock, or share, of a qualified small business (QSB), as defined by the Internal Revenue Code (IRC). A qualified small business is a domestic and active C-corporation whose gross assets, valued at original cost, do not exceed $50 million on and immediately after its stock issuance.
Tax Implications for Qualified Small Business Stocks
Tax treatment for a QSB stock depends on when the stock was acquired and the length of its holding. The Protecting Americans from Tax Hikes Act (PATH Act), allows investors to exclude 100% of capital gains on qualified small business stock (QSBS) if the stock qualifies under Section 1202 of the IRC. The exclusion has a cap of $10 million, or 10 times the adjusted basis of the stock, whichever is greater. Again, this is separate and apart from the benefits an investor might get from Fusion Farms being a Qualified Opportunity Zone Investment.
What is Section 1244 Stock?
Section 1244 of the Internal Revenue Code is the small business stock provision enacted to allow shareholders of domestic small business corporations to deduct a loss on the disposal of such stock as an ordinary loss rather than as a capital loss, which is limited to only $3,000 annually.
Normally, stock is treated as a capital asset and if disposed of at a loss, the loss is deducted as a capital loss. The general rule for net capital losses (losses that exceed gains) is that they are subject to an annual deduction limit of only $3,000. Any excess over $3,000 must be carried over to the next year.
A loss on Section 1244 stock, on the other hand, is deductible as an ordinary loss up to $50,000 ($100,000 on a joint return, even if only one spouse has a Section 1244 loss). A big difference!
What this means is that in the unlikely – but possible – scenario that Fusion Farms doesn’t succeed (and create tax-free profits for them upon sale, or greatly reduced taxes as an Act 22 investor), investors can deduct their losses from ordinary income (for mainland investors).
Note that ordinary losses are normally 100% deductible. However, while a loss on Section 1244 stock is treated as an ordinary loss, the deduction is limited to the amounts stated above.
Solar Power System – Newest Design
about 1 month ago
As you know from our prior updates, we have been placed on the top of the list of applicants to receive a $250,000 grant from PRIDCO for our Solar Power Plant. We worked with three different solar companies to get bids, the best of which was part of our submission/application to PRIDCO. We are very excited about the design, so we thought we would share some pictures of a similar system which was constructed for another company here in Puerto Rico prior to Hurricane Maria.
This is what we’re calling the Fish Pergola, which will be the structural support for the additional solar tiles and which will also act as shade for the Fish Tanks.
Minimum Funding Goal Achieved!
about 1 month ago
Dear new Fusion Farms Owners and Followers,
Thanks to you we’ve now exceeded our Minimum Funding Goal!
We’ve now achieved our first tier goal and have some exciting news! We just received confirmation yesterday from PRIDCO that we, as Anthony Cordona said, are “at the TOP of the list for approval of our solar grant application“! This means we are first in line to be granted $250,000 for our Solar Power System!!! We also got confirmation from our representative at the USDA that we do not have to have (although we’re still continuing our application) our Certificacion Bonafide de Agricultura (certification as a dedicated agriculture company from the Puerto Rico Department of Agriculture). so with the USDA back to work after the government shutdown that furloughed all the workers, we are able to proceed with our application for their loan guarantee. We have confirmed that our commercial banker, Oriental Bank, is coordinating on our $250,000 equipment loan for the USDA loan guarantee, so we should have an answer on that in the next month as well.
Be sure to stay tuned for more exciting announcements! This will be FUN and MEANINGFUL!
If you are considering an investment in Fusion Farms, now is a fantastic time to take action and join our growing family! Please also share this exciting opportunity with friends and loved ones so they can take advantage too! We are incredibly grateful and humbled by your support so far!
Kendell and Lisa
Investor Update – Minimum Campaign Achieved!
about 2 months ago
Thanks to every who has invested in Fusion Farms so far! We have just exceeded our minimum $10k and looking to keep the momentum going. Please keep spreading the word!
Beyond the funds invested, this campaign is resulting in so many other positive developments:
We have a slew of press coverage coming out over the next few weeks in local and national publications. Stay tuned!
We have been approved to accept Bitcoin and Ethereum as forms of payment for investors who are looking to use those to purchase stock. Encouraged by this additional form of payment, along with the fact that we’re a qualified Opportunity Zone Investment, we are orienting and accelerating the marketing or our investment to reach cryptocurrency holders who have capital gains they are looking to shelter. Go to https://www.fusionfarmspr.com/get-involved/puerto-rico-qualified-opportunity-zone/ to learn more.
PRIDCO INCENTIVE APPLICATION
We have been qualified as one of eight applicants being considered for a $250,000 solar grant, so we hope to be an awarded recipient and we’ll make that announcement as soon as we hear back from PRIDCO!
Thank you again for your support. You are helping us make Food Sovereignty in Puerto Rico a reality!
Kendell Lang, Co-founder & CEO
Investor Presentation – Progress Report
about 2 months ago
This is our Investor Presentation and Progress Update about Fusion Farms as of February 1, 2019. We had a tremendous number of Registrations and we are sharing the video for those who want to watch it again and for those who couldn’t attend the live presentation. Thank you to all those who have invested and we look forward to welcoming those who are still in the evaluation process. Please feel free to reach out to us at CEO@FusionFarmsPR.com
Fusion Farms Building Video – Update
about 2 months ago
Just a quick update to introduce you to us standing in front of our building in Mayagüez, Puerto Rico. This is the building where all the magic is going to happen!
In the News! Help Get Us From $5k to $50k!!!
about 2 months ago
Hello Our Fusion Farm Followers!
Firstly… a huge thanks to all those who have invested over the first few days of our Campaign Launch. We appreciate your support more than you can imagine! We are now just over $5K which is phenomenal in the first few days! If you’re considering investing, this week is a great time to do it and if you’re looking for more information, you’re in luck! We are hosting a Zoom Video Presentation where we’ll give you an update, share some progress and be available to ask questions. You have to REGISTER to join the Presentation, so please CLICK HERE TO REGISTER!
We are excited about the upcoming Presentation, so mark your calendars for Friday, February 1, 2019, at 4:00 pm AST/3:00 pm EST. We’ll be coming to you live from Puerto Rico!
Second, for those who might have missed our prior update, we want to share a recent story published at AltruismToday.com
Please let us know if you have any questions and as always, please visit the Fusion Farms Website.
All our best,
Kendell & Lisa
Hurricane-Protected Sustainable Aquaponic Indoor Vertical Farm Operation – Mayaguez, Puerto Rico
about 2 months ago
Fusion Farms is pleased to invite you to a Zoom Video meeting where you can meet the Founders and ask questions about the Campaign.
Please join us this Friday, February 1st, at 3:00 PM EST to hear more about the Fusion Farms Title III – Regulation Crowdfunding Campaign which is now actively accepting investments. https://bit.ly/2Wk2PhM
You can only attend the presentation by first registering for the webinar at this link:
A recording of the webinar will be made available to those unable to attend live. Feel free to email us any questions you would like answered during the webinar.
When: Feb 1, 2019
TIME: 4:00 PM Puerto Rico
3:00 PM EST
12:00 Noon PST
Remember, you need to REGISTER in advance for this meeting:
After registering, you will receive a confirmation email containing information about joining the meeting.
We will be presenting the business of Fusion Farms, talking about our current status and hosting a Town Hall to answer any questions.
This meeting is limited to the first 100 individuals who register, so please make sure and register right away at https://zoom.us/meeting/register/59f747f730c9f0377c24e00bf0acd2b8.
AltruismToday Press Story About Fusion Farms
about 2 months ago
We are pleased to share this published story about Fusion Farms at https://altruismtoday.com/aquaculture-and-vertical-hydroponic-farming-for-puerto-rico/#share