Fusion Properties Management
Regulation Crowdfunding offering on StartEngine
$153,753
of $1.07M goal
14.4% funded
About the offering
Fusion Farms in Puerto Rico is a new startup that combines hurricane-protected, indoor, high-tech aquaculture and vertical hydroponic farming in Controlled Environment Aquaponic ("CEA") Facilities. 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 modern farming in an off-grid, sustainable Closed Environment Aquaponics (“CEA”) facility using vertical farming systems that use 1/10th of the water compared to traditional farming techniques. 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 closed-loop 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. Fusion Farms has submitted an application to the Puerto Rico Industrial Development Corporation ("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 an off-grid Controlled Environment Aquaponics facility in Mayaguez, Puerto Rico. We have retained Dennis McClung of Garden Pool who has prepared the Feasibility Study and we have developed our Design & Facility Layout, our Crop List, our Yield Projections, our Pricing Model, our Distribution Model, our Staffing Plan, our Construction Project Plan, and we are prepared to commence our detailed Materials List and Sourcing Plan to complete our Timeline. We have drafted our initial 3D Design for the property, so please see the video to the right which provides a visual rendering of the proposed construction and layout.
FAQ
How much has Fusion Properties Management raised?
Fusion Properties Management has raised $153,753 of a $1.07M goal.
Where is Fusion Properties Management's campaign listed?
The offering is listed on StartEngine, an SEC-registered Reg CF intermediary.
What are the terms of Fusion Properties Management's raise?
Common Stock, $4.4M cap, $10.00/share.
When does Fusion Properties Management's offering close?
The stated close date is Jul 3, 2019.
