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Thursday, May 30, 2019 3:43:29 PM
"... The Issuer has entered into a contract to purchase a 200-acre farm with 160 acres of tillable land on which to grow and process hemp. The farm is being purchased for $1,595,000 and includes 4 vehicles and 4 bungalows that have been rented out over the years creating a destination getaway location. The Closing of the farm will take place this summer, we will use hard money real estate lenders to secure half the funds needed and have a source for that, the balance of the money will come from funding groups we have spoken to that are willing to fund companies that are Registered. An appraisal of the farm will be completed in early June and the first full time employee will begin June 1.
Destination Getaway – The current owners of the property have operated a “Destination Getaway” for over a decade. They built 4 bungalows each with a different theme a kitchen, loft bedroom, and a hot tub the bungalows are rented as is with no other services included. Recently the owners have been approached by Airbnb to handle all of their reservations. Integrated plans to follow up with Airbnb and have them handle the reservation and create Getaway Packages geared to Hemp Farm Tours. ..."
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