New York Microalgae Company Closes Capital Raise via Harvest Returns Platform

FOR IMMEDIATE RELEASE

New York microalgae company closes capital raise via Harvest Returns platform

Fort Worth, Texas, November 17, 2020 – Brooklyn, New York-based We Are The New Farmers, Inc. announced today that it has successfully completed a pre-seed round totaling $335,000 on the Harvest Returns agriculture crowdfunding platform.

We Are The New Farmers is a controlled-environment agriculture company that produces spirulina microalgae, one of the most nutrient dense foods on the planet. The climate change and disaster resilient technology the farm utilizes is unparalleled in sustainability and cost-efficiency. The company plans to use the capital raised to build a new facility to increase their production.

“We believe that microalgae will be an integral part of the solution that we need to fix our food system,” said Jonas Guenther, co-founder of We Are The New Farmers. “Cultivation of microalgae is incredibly resilient and only needs a fraction of the resources compared to more traditional crops. Our mission is to unlock the powers of microalgae, establishing it as a building block of a circular food system. We are incredibly excited to be the first successful microalgae farm on Harvest Returns, who have been extremely valuable partners on our fundraising journey. Thanks to Harvest Returns, we are one step closer to achieving our mission.”

We Are The New Farmers sells fresh spirulina online and in select local grocery stores. The company has recently expanded to being the first and only company to offer frozen spirulina cubes in retail. The conveniently pre-portioned cubes are flash-frozen at peak freshness with significantly higher bio-availability of nutrients than dried powder and offer a better flavor profile. One cube is equal to a full day’s fresh greens, and two cubes provide the same amount of protein as a chicken egg.

“Alternative proteins have been extremely popular with investors this year and we’re pleased to be working with such an innovative company on the cutting edge of that space,” said Chris Rawley, CEO of Harvest Returns. “We Are The New Farmers is producing a unique superfood that will have increasing appeal to consumers.”

About Harvest Returns

Headquartered in Fort Worth, Texas, Harvest Returns, Inc. is a financial technology marketplace created in 2016 by two military veterans to bring agricultural producers together with investors. Through democratizing the agriculture investment process, the online platform provides curated, diversified offerings of farms, ranches, and agribusinesses to qualified investors.

For more information, please visit harvestreturns.com.

About We Are The New Farmers

We Are The New Farmers, Inc. is the world’s leading microalgae food company. They’re focused on reintroducing our planet’s most nutrient dense food to the masses.

For more information, please visit new-farmers.com.

For more information about Harvest Returns, please contact Allison Spence at 844-673-8876 or email at media@harvestreturns.com.