As announced at the Project C press conference on June 29, 2020, you can register from today to acquire shares in the company. With this, you invest in Project C Holding B.V.
- 199,999 shares are available for an issue price of € 25 per share with a nominal value of € 0.10 (excluding 3% issue costs).
- In this application round, a minimum purchase of one block of 20 shares for an issue price of € 500 (excluding 3% issue costs) and a maximum of 200 blocks at an issue price of € 100,000 may be acquired (excluding 3% issue costs).
- This offer is not subject to AFM (Authority Financial Markets) supervision and there is no prospectus obligation.
- All information about this offer can be found in the “Information Document”. You can download this Information Document HERE.
If you register for one or more blocks of shares of Project C Holding B.V. and the company obtains a license to participate in the “Experiment Closed Coffeeshop Chain” of the Netherlands Central Government, you are obliged to purchase the number of shares you subscribed for and to make the payment within 30 days after Project C Holding B.V. is granted a permit to participate in the “Experiment closed coffee shop chain”. You do not need to make payment at the time of registering. If Project C does not obtain a permit, your payment obligation will lapse.
In addition, a subscription does not guarantee the acquisition of the shares. Project C Holding B.V. assesses all applications for accuracy, and will determine after being granted the license whether your registration fits within the first investment round. The principle of “first come, first served” is applied. After registration, Project C Holding B.V. will keep you informed of further developments.
Please indicate below how many blocks of 20 shares you want to subscribe and then click on the button “Add to cart” (the price below includes 3% issue costs)
About Project C
During the cannabis experiment, regulated cannabis (weed and hashish) will be supplied in 10 municipalities in the Netherlands. Supply will be handled only via regulated cannabis growers who received a permit from the national government. 78 coffee shops that sell cannabis to consumers in these municipalities will be included in the trial. During the term of the trial, these coffee shops may no longer purchase cannabis from suppliers other than the permit holders. With this cannabis experiment, the government expects to develop a policy that can take the crime out of production and selling of soft drugs and also disentangle upper and underworld. The cannabis experiment is expected to run for 4 years from the day that the first cannabis will be offered by the growers in the coffee shops of the experimental municipalities. After this 4-year period there will be an extension period of approximately 6 to 18 months.
A permit will be granted to six to ten companies, each of which is expected to be able to grow at least 6.5 tons of cannabis per year for recreational use. Project C Holding B.V. will apply for a permit to produce 12 tons of cannabis per year. The company was founded by a lawyer, a general practitioner and a politician. Later, a master grower and a greenhouse construction expert joined these three founders. The founders and these experts have prepared extensive project plans for the safe cultivation and distribution of cannabis since 2018. Management has now been expanded to include a Chief Financial Officer and a sales director. We have signed an agreement with the organization, Securitas, for the security of the company.
The permit must be applied for no later than July 28, 2020. The national government has indicated that a decision will be taken within six months (therefore no later than the end of January 2021) to which of the companies that have submitted an application will be granted a license. When the date is met and Project C Holding has been granted a license, the board of the company expects that the cultivation facility will be able to supply cannabis products to the coffee shops in the participating municipalities on 15 May 2022