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WAFU Inc. Launches First Ever Simultaneous Cross-Border Equity Crowdfunding offering in Canada and the United States


WAFU Inc. RushPRNews | October 6, 2014

Montreal, QC (RPRN) 10/06/14 — The popular CBC Dragons’ Den alumnae and manufacturer of the popular WAFU dressings and mayos has launched the first ever simultaneous cross-border accredited investor equity crowdfunding round through CircleUp in the United States and Optimize Capital Markets in Canada.

wafu dressingsWAFU Inc. is pleased to announce that it has launched the first ever simultaneous cross-border (Canada-US) accredited investor equity crowdfunding offering by a Canadian company. The cross-border raise will be offered online via Optimize Capital Markets in Canada and CircleUp in the United States, allowing Canadian and US accredited investors the opportunity to purchase shares of WAFU through registered online equity crowdfunding platforms in each of their respective countries.

Related: WAFU Inc. Closes First Ever Equity Crowdfunding round by a Canadian Company in the United States

“We have launched this groundbreaking cross-border equity crowdfunding offering in order to allow our loyal consumers in the United States and Canada to be able to participate economically in the continued success of the WAFU products that they love,” said WAFU CEO Gil Michel-Garcia. WAFU Inc. is looking to place $1,000,000 Series A-3 Preferred Shares with “accredited investors” as defined under applicable securities laws in the US and Canada.

Related: Gil Michel-Garcia, CEO WAFU Inc., Joins NCFA’s Ambassador Program

Related: Equity Crowdfunding and Transparency Go Hand in Hand

“Given the ongoing success of our WAFU products and the recent listings of our products at Walmart Canada, Sobeys Ontario, Loblaw’s Ontario and Western Canada and Federated Co-Op in Western Canada, we thought that the time was right to raise additional capital in order to fully take advantage of these growth opportunities. Assuming that we raise the capital that we need, we expect that these new listings will allow us to deliver top line growth of more than 50% next fiscal year,” indicated Mr. Michel-Garcia.

View the press release --> here

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