Previous Offers Successful
March 5, 2022
FarmWorks’ Eleventh Offer of Shares raised $622,800 for an overall total of $4,634,700 and over ten years only $208,500 (4.5%) has been redeemed, primarily by people collapsing RRSPs. Rather than redeeming investments at age 71, some RRSP holders switch to non-registered FarmWorks Shares.
To date over $7,000,000 has been loaned to 135 qualifying businesses that are helping to increase the economic, health, social, environmental and other benefits that result from producing and eating Nova Scotian food. Loan recipients are carefully chosen by the Board to balance risk and achieve strategic goals: increasing the supply of food, creating and maintaining jobs and stimulating the economy, supporting people and the environment. FarmWorks Clients adapted to COVID 19 with producers continuing to operate during lockdowns, and others reopening when they could, as they continued to provide for their clients and their communities.
FarmWorks clients appreciate having you buy their products and visit their restaurants and stores. Please keep the Map of Loan Recipients close at hand!
The Directors of FarmWorks Investment Co-operative Limited come from across Nova Scotia and bring expertise in agriculture and food production, economic development, education, health, business, finance and sustainability and the environment. FarmWorks’ independent accountants, Grant Thornton, are preparing year-end Financial Statements which will be posted on FarmWorks website.
Community Economic Development Investment Funds (CEDIFs) are an excellent mechanism to efficiently and effectively leverage local capital. FarmWorks CEDIF is helping to grow food-related businesses that contribute to all aspect of life in the Province.
Investments by Nova Scotians in FarmWorks Community Economic Development Investment Fund can provide personal provincial tax credits (35% for five year investment and 65% over 15 years) and RRSP tax deferral. FarmWorks lends funds to a diverse portfolio of food-related businesses, providing investor security while helping to grow healthy farms and healthy food. Production of excellent foods and beverages contributes to our economy, our health, our communities and the quality of life in Nova Scotia.
Nova Scotians interested in investing in FarmWorks portfolio are encouraged to review the following documents and to contact email@example.com, 902-542-3442 with any questions.
Please contact firstname.lastname@example.org for RRSP forms
Watch the Calendar and FarmWorks Facebook page for announcements about dates and locations of Information Sessions
Investments by Nova Scotians in FarmWorks CEDIF are loaned to a portfolio of carefully assessed businesses with outstanding management, the capacity for innovation and demonstrated demand for the product. Businesses are chosen by the Board to balance risk and achieve strategic goals.
FarmWorks Board Members and Advisors collaborate with business owners and help facilitate mentoring by appropriate specialists to insure the success of the enterprise and the CEDIF.
Support takes the form of ongoing promotion of the benefits of eating healthy local food and investing in local enterprises. Through sustainable, innovative funding and knowledge transfer and mentoring, the FarmWorks Co-operative helps meet a range of provincial food-related needs, stimulates economic growth and provides social and environmental benefits.
General Information about Share Offers
Shares in FarmWorks
The price per share is $100, minimum share purchase: 1 share for $100.00.
The minimum number of Shares that will be sold in this Offer is 500 and the total proceeds if minimum sold is $50,000. The maximum number of Shares is 20,000 and the total proceeds if maximum sold is $2,000,000.
The offering price is established arbitrarily by the Issuer.
The Issuer distributes securities until offer close date.
The shares are fully paid, newly issued voting common shares that are non-retractable, non-redeemable for 5 years, non-convertible shares and not restricted in profit sharing or participation upon dissolution.
Investments are eligible for a 35% Nova Scotia non-refundable Equity Tax Credit (may be carried forwards 7 years and backward 3 years) and for RRSP tax deferral.
The investment is eligible for further Equity Tax Credits of 20% and 10% at the 5 and 10 year investment anniversaries, respectively, provided the CEDIF meets certain NS Department of Finance conditions.
Please contact Linda Best at email@example.com or phone 902-542-3442, cell 902-670-3660 with questions or for further information about the offer.
THIS CEDIF OFFERING MAY BE A HIGH RISK INVESTMENT. THIS OFFERING IS MADE THROUGH AN OFFERING DOCUMENT, WHICH CAN BE OBTAINED FROM AN AUTHORIZED SALES AGENT OR FINDER, (LINDA BEST AT 902-542-3442, LBEST@NS.SYMPATICO.CA). THIS OFFERING CONSTITUTES AN EXEMPT OFFERING OF THESE SECURITIES ONLY IN NOVA SCOTIA BY AUTHORIZED SALES AGENTS. INVESTORS SHOULD READ THE OFFERING DOCUMENT BEFORE MAKING AN INVESTMENT DECISION.
This has been approved by Johanna Kwakernaak, Chair and Linda Best, Treasurer of FarmWorks Investment Co-operative Limited.
PREVIOUS OFFER DOCUMENTS:
2016/17 CEDIF-approval 2016
PLEASE CONTACT LINDA BEST FOR RRSP FORMS