A newly launched investment fund that is currently looking for investors, says it seeks to invest primarily in proprietary conventional, organic, and niche market indoor farming operations and greenhouses.
"We're seeking accredited investors for investment into High-Tech Hybrid Farming Ventures throughout the country," the initiators of the $100 Million 'First Harvest OZ Fund' say.
The Fund is raising their Series A Round and says they are already targeting several specific locations, including one in Upstate New York. "The process of getting projects approved by local authorities is already underway."
Advanced Indoor Farming
The First Harvest OZ Fund seeks to invest primarily in proprietary conventional, organic, and niche market indoor farming operations and greenhouses. "These investments will be structured as opportunity zone business investments. The best part of the investment is that the marketplace is guaranteed to grow over time and the industry has realized an average 30% return on capital, which, when coupled with the benefits of the opportunity tax incentives, yields a significantly higher actualized return than the same type of conventional investment," they say.
"This investment opportunity is being offered as an OZ Fund because it makes the investment more lucrative for the investors. Over 90% of the proceeds will be put directly into site development on sites that qualify for the Opportunity Fund program. This will create over 40 acres of advanced hybrid farming facilities and hundreds of full-time, year-round jobs."
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