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Technology

Grow

Status: Active

Aug 13th 2021 - Sep 8th 2021

Stretch

Grow is a British biopharmaceutical company on a mission to unlock the potential of cannabis medicines for patients globally. It claims that it is one of the largest importers of cannabis medicines in the UK and Ireland since its founding in 2017. The company has raised over £9.5 million through several fundraising rounds to allow expansion of operations, supplied medicines to more than 1,200 patients a month as of June 2021, and earned £2.35 million in revenue as of July 20, 2021. The company has also launched its patient app, Calyx, to help patients track their medications and health indicators and signed long term partnerships with some of the world’s leading cannabis companies, including Aurora, Tilray and Columbia Care. The company argues that it has also pioneered the ‘Open Cannabis’ campaign to improve education on cannabis medicines and the means to access them in the UK. It states it will use 40% of the investment on capital expenditure, 30% on hiring new personnel, and 30% as working capital.

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Grow Rating Review

Pitch rating powered by CROWDRATING

Rated on 27/08/2021

Pitch Rated

53%

Insufficient Data

Management

80%

Product

80%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

  • £3,566,103
    pledged
  • 111%
    of goal

    £3,200,000
    target

    £66,000,000
    pre-money valuation

    4.62%
    equity available

    690
    investors

    £5,168
    pledge per investor

    11056972
    company number

    Active
    company status

    09/11/2017
    incorporated 4 years

    Previous Funding rounds
    13 Aug 21 Seedrs £3,566,103 / 111% 53.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 80%

Skills 82%
The management team includes skilled professionals with a passion for improving the cannabis medicine market and boosting innovation in the sector. As per the profiles listed publicly and on LinkedIn, the Founder/CEO is skilled in investment banking, credit risk, financial structuring, trading, commodity risk management, and venture financing. He is regularly featured on Sky News, Bloomberg, BBC, and The Financial Times. The CSO is skilled in product development, medical devices, biotechnology, commercialisation, genomics, biochemistry, life sciences, and healthcare. The CTO is proficient in software development, web & application development, UI, UX, CRM, agile methodologies, business development, project management, and integration. The COO specialises in transforming corporate functions across procurement, HR, finance, and IT, from creation, centralisation, or outsourcing, including processes and systems to support the business requirements. The Head of Material Sciences is skilled in chemistry, coatings, nanomaterials, polymers, composites, and risk assessment. The Head of Chemistry Research is skilled in chemistry, organic synthesis, spectroscopy, purification, organic chemistry, and biochemistry. The CFO is a qualified accountant skilled in management reporting, financial planning, financial modelling, accounting, and project management.

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Funding progress



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  • £3,566,103
    pledged
  • 111%
    of goal

    £3,200,000
    target

    £66,000,000
    pre-money valuation

    4.62%
    equity available

    690
    investors

    £5,168
    pledge per investor

    11056972
    company number

    Active
    company status

    09/11/2017
    incorporated 4 years

    Previous Funding rounds
    13 Aug 21 Seedrs £3,566,103 / 111% 53.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Times
  • The Daily Telegraph