Eleventh Offer Now Closed

In the eleventh offer $622,800 was raised from 137 investors, 66% of whom have invested from two to eleven times. This brings the total invested to $4,634,700 and over ten years only 4.5% has been redeemed. As principle and interest are repaid funds are loaned again and over $6,700,000 has been loaned to over 135 food-related businesses across Nova Scotia. If you have questions please contact FarmWorks at lbest@ns.sympatico.ca


Questions Frequently Asked About CEDIFs and FarmWorks

Eleventh Offering Document

Financial Statements October 31, 2021

Eleventh Offer Brochure

Slide Presentation – FarmWorks and Clients

Video – FarmWorks Cheque Presentations

Slide Presentation – Why Invest in FarmWorks

Video – Several Directors Describe Why They Invest in FarmWorks

Annual Report 2021

Impacts of Local Investment on FarmWorks’ Clients – Survey 2020

Link to FarmWorks Clients

Past – Monday, Jan 31, David Smart and Susan Meldrum – Bessie North House; Howard Selig – Valley Flaxflour; Ken and Kathy Byrka – Revival Seeds

Past Thursday, Feb 3, 7 pm Hosted by Murray Coolican and Robin McAdam with Myles Baldwin and Tyler MacDow – The Narrows Public House; Stephen Besaw – Honey Tree Farm and Orchard; Paul Hill – Jamaican Jerk Sauce

Past – Feb 6, 3 pm – Hosted by Avila Coutinho with Jarrett Doucette – Chili Chili Bang Bang; Paul Pace – Clarence U Pick Orchard; Heather Lunan and Rebecca Tran – The Station Food Hub and Company

Past – Tuesday, Feb 8 – Hosted by Joe MacEachern with Domenic Padula – Food Fantastique; Emily Cowin – Boxing Rock Brewing Company; Kim MacPherson – Lupin Dining and Pantry

Past Thursday, Feb 10, 7 pm – Hosted by Keith Rudderham and Charlie MacLean with Karen Allen – Brook Village Grocery; Jill MacPherson – Island Folk Cider; Matt and Meghan Brosens – Skye Glen Creamery

Past Sunday, Feb 13, 3 pm – Hosted by Linda Best and Ann Anderson with Frank Cochrane – Cochrane’s Family Farm; David Eisnor – South Shore Farms

Past Tuesday, February 15 Hosted by Ginny Point with Cindy Lou Oulton – Annapolis Valley Luffa; Shivani Dhamija – Shivani’s Kitchen; Cynthia and Jack Bernier – MoorBurn Farm; Alyra Halyn – East Coast Local

For more information please contact: Linda Best, FarmWorks Investment Co-operative Limited. Phone: 902-542-3442 Cell: 902-670-3660 lbest@ns.sympatico.ca

Frequently-Asked-Questions-FarmWorks-1

Information about Shares and Investing

The Shares being offered:

  • The price per share is $100 and the minimum share purchase under this Offering is: 1 share for $100.00.
  • The minimum number of Shares offered is 500 and the total proceeds if minimum sold is $50,000. The maximum number of Shares offered is 20,000 and the total proceeds if maximum sold is $2,000,000.
  • The offering price was established arbitrarily by the Issuer.
  • The Issuer will distribute securities until March 1, 2022.
  • Shares are fully paid, newly issued voting common shares that are non-retractable, non-redeemable for 5 years, non-convertible and not restricted in profit sharing or participation upon dissolution.
  • Investments may be 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. Existing RRSPs transferred to Canadian Workers Cooperative Federation (CWCF) which invests these funds in FarmWorks, may be eligible for Provincial Tax Credits, and new RRSPs placed with CWCF may be eligible for both Provincial and Federal Tax Credits.
  • Investments are eligible for further Equity Tax Credits of 20% and 10% at the 5 and 10 year investment anniversaries, respectively, if the CEDIF meets certain conditions.

Community Economic Development Investment Funds (CEDIFs) raise capital in Nova Scotia for qualifying enterprises. FarmWorks CEDIF lends capital to food-related businesses that create jobs on farms and throughout the food system, stimulate the economy, increase food sufficiency and provide benefits for all Nova Scotians. Loans are repaid and the capital is loaned to new applicants.

FarmWorks Eleventh Share Offer has received a Certificate of Registration under the Nova Scotia Equity Tax Credit Legislation and non-objection by the Nova Scotia Securities Commission, enabling investors who meet the criteria set out in the Legislation to purchase shares in FarmWorks CEDIF and receive a personal 35% non-refundable Nova Scotia Equity Tax Credit. Investors may be eligible for further Tax Credits of 20% and 10% at the 5 and 10-year investment anniversaries if the CEDIF meets Nova Scotia Securities Commission conditions.

During January and February FarmWorks will be hosting Information Sessions that include opportunities to hear from Clients across the Province.

This Offer of shares (each $100) will be open until March 1st, 2022 and shares are eligible for Provincial tax credits for the 2021 tax year. Investments may be eligible for RRSP tax deferral when invested in FarmWorks through the Canadian Workers Cooperative Federation.

The Directors of FarmWorks and Advisors contribute knowledge of agriculture and food production, economic development, education, health, and business finance and funding to the Board and to Clients.

For more information about the offer and this press release contact: Linda Best FarmWorks Investment Co-operative Limited, 70 Eden Row, Greenwich, NS, B4P 2R2, Phone: 902-542-3442 or 902-670-3660, lbest@ns.sympatico.ca

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, Linda Best, 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 press release has been authorized by Johanna Kwakernaak, Chair and Linda Best, Treasurer of FarmWorks Investment Co-operative Limited.