Creve Coeur Missouri based CoverCress is raising $5,251,000.00 in New Equity Investment.
Creve Coeur, MO – According to filings with the U.S. Securities and Exchange Commission, CoverCress is raising $5,251,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jerry Steiner played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About CoverCress
At CoverCress Inc. our team works on the challenging journey of domesticating a weed since mid 2013. In the past this type of challenge required decades, but some cutting edge plant breeding and plant molecular biology tools were not available at that time. One thing was common: the final observations and decisions on plant / crop performance still has to be made under the regular field growing conditions. For a crop like ours, this means planting in the fall, when the vast majority of crop coverage in the heart of the Midwest is gone, waiting for winter to pass, and rapidly growing, flowering and producing seeds in early spring. We just planted its 5th field trial season.
To learn more about CoverCress, visit http://www.covercress.com/
Contact:
Jerry Steiner, Chief Executive Officer
314-942-3939
jsteiner@covercress.com
https://www.linkedin.com/in/jerrysteiner/
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