Invest in the Future of Cannabis Tech

Anyone can invest in a Regulation Crowdfunding offering. Because of the risks involved with this type of investing; however, you may be limited in how much you can invest during any 12-month period in these transactions. If you are an accredited investor (see definition below), then there are no limits on how much you can invest. For Non-Accredited Investors (most fall into this category) the limitation on how much you can invest depends on your net worth and annual income. If either your annual income or your net worth is less than $124,000, then during any 12-month period, you can invest up to the greater of either $2,500 or 5% of the greater of your annual income or net worth. If both your annual income and your net worth are equal to or more than $124,000, then during any 12-month period, you can invest up to 10% of your annual income or net worth, whichever is greater, but not to exceed $124,000.

An accredited investor, in the context of a natural person, includes anyone who: earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year, OR has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence), OR holds in good standing a Series 7, 65 or 82 license.

After you review the offering statement and information and decide what you’d like to invest and how much, you complete the application with the requested information and electronically sign the documentation. Andes Capital, the Broker-Dealer, reviews the information for Anti-Money Laundering and Know Your Customer type reviews - If you pass the review, Andes Capital initiates the funds via ACH or Credit Card (or you send the wire or check if applicable) - If you don’t pass the review, Andes Capital or the Issuer will reach out to you to update the information to clear you for the reviews or otherwise Once the funds have been cleared by the escrow agent (funds go directly there), Andes Capital will match your funds with your cleared application for investment, and issue you the stock by validating the subscription agreement and notifying the Transfer Agent to record your ownership on the Issuers capitalization table.

The timeline is generally 2 to 4 weeks but can always happen sooner. It all depends on the information you provide and if there are issues, how quickly we hear back from you. If we bump up against any “hits” on our reviews, we are required to clear each one of those potential conflicts to evidence there are no issues. If the information provided is not correct or is incomplete, we will need to reach out and get this corrected. Even though funds are initiated or you see them pending in your funding source, this does not mean they are in the escrow account for the offering. Based on the payment rails available in the US, these funds may not appear in escrow for 1-2 days and then they have to sit there for a few days until the escrow agent is satisfied there doesn’t appear to be any issues Matching of payments to approved applications happens in batches, so while all are ready to be closed, your application may be in the next batch.

Andes Capital Group is the FINRA/SEC registered Broker-Dealer who has been engaged by the Issuer to act as the Onboarding Agent for this offering. Andes Capital Group is NOT soliciting this investment nor making any recommendations by collecting, reviewing, and processing your application for investment. Andes Capital Group conducts Anti-Money Laundering, Identity, and Bad Actor Disqualification reviews of the Issuer, and ensures they are a registered business in good standing. Andes Capital Group is NOT validating or approving the information provided by the Issuer or the Issuer itself. Contact information is provided for applicants to make inquiries and requests of Andes Capital Group regarding the general application process, the status of the application, or general Reg CF regulation-related information. Andes Capital Group may direct applicants to specific sections of the Offering Statement to locate information or answers to their inquiry but does not opine or provide guidance on Issuer-related matters.

Andes Capital Group is compensated by the Issuer for providing its Broker Onboarding Agent services as disclosed in the Offering Statement. Andes Capital Group does NOT charge the applying investor any fees whatsoever.

By investing in an Issuer’s Reg CF offering where Andes Capital Group is the Broker-Dealer Onboarding Agent, Andes Capital must ensure that you as the investor, do not breach the SEC’s limits on investing in Reg CF Offerings within a 12-month period. While it’s not a full-fledged brokerage account where we custody your holdings or recommend any investments, you will have an account at Andes Capital to track the investments made where Andes Capital was engaged as the Broker-Dealer Onboarding Agent. There is NO cost, charge, or annual fees etc. for this account whatsoever.