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IGROW SYSTEMS INC

INVEST

140dd08hh

Time left to invest

62% funded (of minimum target)

min$10k

max$500k

funding goal 

$10k - $500k

funding goal 

Regulation CF

exemption used 

Regulation CF

exemption used 

$4,635,000

pre money valuation 

$300.00

min investment 

$6,220

amount committed 

14

investors 


Security Type
Common Stock
$0.10 per share

Invest $500 or more and you will be

eligible to receive a free iGrow System!

Pitch

Who are we

 

Introducing the iGROW home ecosystem, the first patent-pending ultrasonic fogponic based fully automated grow box that will help you cultivate high-quality cannabis from the comfort of your home.

 

Our unique home ecosystem for growing cannabis, is the only product that applies our patent-pending technology, which helps make it better and cheaper than the other products on the market.

 

Problem

Many of us have the fantasy of growing our own high-quality cannabis at home. The problem is that most of us are not gardeners and to grow high-quality cannabis takes a lot of knowledge and expertise. Recently, companies have introduced a solution: home-grow boxes. The problem is, we’ve seen so many home grow boxes flood the market that we’re not sure how to separate the wheat from the chaff. Sure, they’re cool, but they’re also big, bulky, copycats of one another, which at some point makes all of them indistinguishable. Also, and maybe most importantly, many of the higher-level automated ones (which allow for full automation) are very expensive to the average customer. These expensive indoor grow boxes lack innovation. The solution they provide is to compile all the traditional aspects of growing and the result is a huge expensive box (for growing 4-6 plants at a time) that most people don’t need.

 

Solution

The Product - The smallest fully automated Home Grow Box for cannabis

 

Introducing the first patent-pending ultrasonic fogponic based fully automated grow-box.

 

We expect for the iGrow system to utilize its patent-pending ultrasonic fog technology to grow top-quality cannabis. iGrow’s device does not have any soil or running water. The ultrasonic fog method optimizes the device’s performance, enables a faster grow-cycle (instead of 11-16 weeks our grow cycle is estimated to be just 8 weeks) and significantly better yield, all while taking up less space and using less water. Additionally, we plan for the iGrow Eco-System to cost significantly less to the end user compared to the other home-grow products currently sold in the marketplace. Our Home Ecosystem is a unique system for growing cannabis and is the ONLY one that applies a patent-pending state-of-the-art ultrasonic Fogponic technology.

 

 

Achievement & Traction

 

The company has completed a 20 month Research and Development process to perfect the prototype. During this period the Company worked to prove its patent pending technology and we now have a working prototype. The Company’s next steps will be to finalize the product design and establish a facility in the US to manufacture the first Home Ecosystems for distribution. We plan to begin presale of the Ecosystems within the next 6-8 months.

Market

The global legal marijuana market size is expected to reach USD 73.6 billion by 2027, according to a new report published by Grand View Research, Inc. It is anticipated to expand at a CAGR of 18.1% during the forecast period. Increasing legalization of cannabis for medical as well as recreational use is expected to promote growth. Based on product type, the legal marijuana buds segment accounted for the largest market share in terms of revenue and was valued at USD 9.1 billion in 2019.

 

iGrow’s expects that its market will consist of consumers that wish to grow cannabis from the comfort of their own home. iGrow plans to initially focus on the North American market and to serve home-grow medical and recreational cannabis users in the U.S., Canada, and any country that has legalized medical and/or recreational marijuana use. With 12 states in the US that already have legalized recreational marijuana and many other states having legalized medical marijuana, there are more than 272 million consumers in the US alone, that have the ability to grow between 3 to 6 plants in their home according to current regulations. Overall sales within the legalized U.S. cannabis industry are expected to reach $13.6 billion throughout 2019, for a 32% increase over 2018 totals worth $10.3 billion.

 

Competition

The majority of competitor systems use off-the-shelf technology. The iGrow Home system is the only product with unique, custom-developed irrigation technology.

 

We believe the iGrow Home Ecosystem will offer a completely automated experience like no other smart indoor gardening system. TO our knowledge, we are the ONLY system with patented technology (the Ultrasonic Fog System application).

 

Many of the other systems being sold currently on the market have Large or clunky designs, in fact, few of them are in the size of a small fridge. iGrow believes that a grow box should be a well-designed small unit that our customers would be proud to place in their living room, something that they cannot do today with the existing systems.

 

Business Model

The company will sell its product through the following channels : online and in retail stores as well as at cannabis dispensaries. The Company projects the retail price for the Ecosystem to be $765 per unit, this pricing positions iGrow at the most attractive price in the market compared to its competitors who sell similar products.

 The Company will offer two purchase programs:

 1) the customer can choose to purchase the Ecosystem outright and then pay a monthly subscription of $9.99. The monthly subscription includes iGrow's unique Nutripods and our produce partner’s clones for each growth cycle. 

 2) the customer can choose to subscribe for a 48 month subscription plan. The customer makes 48 monthly payments of $29.99 and receives the Ecosystem; the nutrients and the clones.

Team

ITAY TAYAS ZAMIR

CEO / Director

Itay is a results-driven change agent with career-long record of product development, marketing, and brand management success for leading organizations.

Itay has a Proven talent for aligning business strategy and objectives with established business development and product management paradigms to achieve maximum revenue impacts with minimum resource expenditures. Growth-focused thought leader with expertise spanning innovative marketing, strategic sales, product development, successful branding, go-to-market strategy, market analysis, client-facing materials, product positioning, and editing and proofreading. Exceptionally dedicated professional with keen interpersonal, communication, and organizational skills, as well as campaign management, process optimization, and attention to detail expertise. Itay is the founder of Woosh water systems, an Israeli based startup developing smart water stations for the public space. He served as Woosh's CEO from 2009 until 2018. He has extensive experience in business development, planning and management. As founder and CEO of Woosh's Water Systems, Itay was responsible for establishing the company's technical vision, developing the product road map, and leading all aspects of the company’s technological development.

 

AVIV HILLO

Director

Aviv Hillo, Esq., is the General Counsel of Blink Charging Co., a leading developer, supplier and operator of networked electric vehicle charging stations. He is a skilled international business lawyer with a 20-year established track record both in Israel and New York, handling cross-border transactions and litigations. Mr. Hillo is also an experienced executive and investor across a variety of industries including defense technology, real estate, biotechnology, mobile apps, and internet marketplace platforms.

 

 

 

GAL PRIDAN

CTO / Director

Gal Pridan is an experienced entrepreneur with a demonstrated history of working in various industries. Skilled in strategic planning, Water Technology, Agricultural Technology, Beauty & Wellness retail, International Business, and Business Development. Gal is the holder of US Patent – 6,442,778 MRG2000 for his novel invention: The Fire Disinfection machine which uses fire and a roto cultivator for soil fumigation as a substitute for methyl bromine, in accordance with the strict Montreal Protocol restrictions. Gal has extensive experience in the agriculture industry, being one of the founders of Margaliot Ltd. A leading Israeli based agriculture company. Gal brings a deep understanding of irrigation techniques and technologies as well as the know-how of product development in the agriculture industry.

 

 

 

ROBERT M. WOLF

Chief Financial Officer

Robert M. Wolf is the controller of Balance Labs, Inc and Wholly owned subsidiaries. He is responsible for the treasury, tax, controller-ship, internal audit, IT, SEC filings, and financial reporting for the company. Prior to joining Balance Labs, Inc. Robert spent 30 years as a financial professional.

 

 


 

 

 

DANIEL SAGI

Head Agronomist

Mr. Sagi has Academic & commercial background in Cannabis cultivation, Research & development in the field of Agro-technology. Mr Sagi has an extensive experience both in Commercial indoor growth management and team leadership . He managed Facility Design and automation (3000 sf. nursery, veg’ & flower’ rooms) . Mr. Sagi’s Research topics are Irrigation methods, nutrients, genomics.

  

 

 

 

 

 

JONATHAN GLOBERSON

Industrial Designer

Mr. Globerson is a professional Product Developer. He has 15 years of product development experience. Mr. Globerson is responsible for creating thousands of new products, and assisted launching hundreds of new products into the marketplace.

Use of Funds

Updates


1

Q&A


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Jean-Louis Couturier
Jean-Louis Couturier - Investor3 weeks ago
Bonjour, When will you receive the patent ?

Documents

Business Plan Development View Download
Start-up Valuation View Download
Offering Statement View Download
iGrow Company Deck View Download

Other Disclosures

Read the Form C filed with the SEC for other important disclosures, like financial statements, Directors, Officers, shareholders with more than 20% of voting rights, and more.
Use of Proceeds
The allocation of the use of proceeds among the categories of anticipated expenditures represents management’s best estimates based on the current status of the Company’s proposed operations, plans, investment objectives, capital requirements, and financial conditions. Future events, including changes in economic or competitive conditions of our business plan or the completion of less than the total Offering, may cause the Company to modify the above-described allocation of proceeds. The Company’s use of proceeds may vary significantly in the event any of the Company’s assumptions prove inaccurate. We will retain broad discretion in the allocation of the net proceeds from this Offering, reserve the right to change the allocation of net proceeds from the Offering as unanticipated events or opportunities arise and could utilize the proceeds in ways that do not necessarily improve our results of operations or enhance the value of our Common Stock. Additionally, the Company may from time to time need to raise more capital to address future needs that we may not have anticipated as of the date of this Offering Circular.
Special Note Regarding Forward-Looking Statements
This offering contains forward-looking statements within the meaning of the federal securities laws. We caution investors that any forward-looking statements presented in this offering, or which management may make orally or in writing from time to time, are based on the Company’s beliefs and assumptions made by, and information currently available to, the Company. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions, which do not relate solely to historical matters, are intended to identify forward-looking statements. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties and factors that are beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. While forward-looking statements reflect the Company’s good faith belief when made, they are not guarantees of future performance. The Company expressly disclaims any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this offering may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publically release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.
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