We want to expand the production of our line of organic smokable hemp products that are alternatives to tobacco and marijuana.
Funded on 03/15/2021
Galaxy produces a hemp flower filtered pre-roll that is an enjoyable alternative to tobacco and marijuana. So far, they have manufactured all of their products in-house. This loan will allow them to outsource the manufacturing and packaging, which will create a more consistent product at a lower price.
With this loan, Galaxy will fund manufacturing and packaging for 100,000 filtered hemp flower pre-rolls (10,000 packs of 10). They plan to split the manufacturing run between their "Original Blend" (which they have been manufacturing in their warehouse for the past three years) and a "Pure Hemp" line which will be a new addition to their product line.
Galaxy's primary goal in farming is to leave the land more fertile than they found it. They have adopted a number of regenerative practices to put soil health as a top priority. Some of these practices include:
Adding composted manure, organic matter, earthworms, and fungi to their rocky clay-based soil.
Using no-till practices to keep the soil biome thriving.
Weather permitting, planting a cover crop mix twice a year that includes legumes for nitrogen fixing, grasses for building, and insect attracting plants.
Steward is excited to partner with Sean, April, and Tommy at Galaxy Farms. Their business is exemplary of a resilient and growing business despite the challenges of both Covid-19 and the wildfires that hit their farm in Ashland, Oregon in 2020. We look forward to seeing how they can grow with a business loan.
We are reaching out to provide you with an update from Galaxy Farms! All is going well on the farm, and we recently heard from their team that they would like to repay their Steward loan in full. Shortly you'll receive your final repayment as a deposit into your Steward Wallet. Below we've provided a message of gratitude directly from the Galaxy Farms team, and we at Steward also thank you for your continued support of regenerative agriculture.
Galaxy Farms is doing great! We are well into our 2023 harvest and this year’s crop is incredible. Garlic harvest went great and we are down to our last few hundred pounds. We finally received some relief from the USDA for our 2021 crop that we lost due to fire, so we are using some of that money to pay off the remainder of our loan. We are In the process of acquiring another company called Cascadia blooms. They have a large base of internet customers and hundreds of positive reviews. This should help catapult our sales, as well as increase the value of our company. Thank you for lending us money and believing in our company. We look forward to at the future has in store.
Hello Steward family,
It is a great pleasure to inform you that we are back on track in 2022. Hemp sales are picking up and we are getting more orders for bulk hemp every week.
We are assembling a team to sell our RASTi products, as well as launching our affiliate program through ShareASale. Our website is receiving a major overhaul. We are adding 11 new products to our store and making it much more streamlined and user-friendly.
In 2021 we were presented with the opportunity to plant our farms with several acres of organic soft neck garlic. After a couple of months, it’s coming up gangbusters! We have almost 100% germination! We used organic rice straw for mulch to deter the weeds, help improve soil structure and biodiversity. The garlic will also be an important new revenue stream that is not affected by the lack of summer irrigation water we have faced in the last couple of years.
We would like to thank you for your support and let you know we are hopeful for a prosperous future!
All the best,
Sean at Galaxy Farms
We've finished harvesting and are in the middle of processing the hemp and getting it ready to go to market! We're pretty optimistic that we'll be able to make some decent sales this month and next month when everything is ready.
There are several customers that have demonstrated clear interest in the hemp which is nice. I'll be sending off samples in the next few days.
Thank you all for your continued support!
The manufacturing run was completed two days ago! Today is the start of the TPE21, a big industry trade show where we’ll be exhibiting our products and making connections with stores and distributors. The show runs for a total of three days.
Thank you all so much for your support! We’re going to be hitting the sales floor hard, wish us luck!
All the best,
Tommy, Sean and April
$17,000 will pay for manufacturing and packaging for 50,000 "Original Blend" and 50,000 "Pure Hemp" Hemp Flower Filtered Pre-rolls. This also includes the price of printing and packaging of 10,000 10 packs.
$8,000 will pay for 2 million custom tipping papers (this is the Minimum Order Quantity). This will be an exciting new branding development for our products. The branded tipping papers further distinguish our product and allow for greater brand recognition.
Total Budget: 25,000
This loan will be made to Galaxy Farms LLC, an Oregon limited liability company, which farms and manufactures organic hemp products.
This loan is for expanding the production of Galaxy Farms LLC’s line of organic smokable hemp products that are alternatives to tobacco and marijuana.
The total loan amount is $25,000 which will assist Galaxy Farms in creating a better quality product and grow and expand their business.
This loan is set at an 8% interest rate, with a 48-month term, and fully amortized monthly payments beginning in 3 months after funds are disbursed.
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