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Lettuce Grow

Operating

The Farm Project, PBC

Food & Beverage · Founded 2017

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VC-backed consumer brand taking on the broken $62B produce industry

Valuation cap ⓘ
$100.0M
As of Apr 2025 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$100,000
Crowd $0 · Private $100K · 2 rounds since 2024

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$16.5M
−$10.6M
2022
$11.6M
−$3.3M
2023
$7.3M
−$1.9M
2024
$7.3M
−$1.9M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 audited
FY2023 audited
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$16,465,851
$11,637,033
$7,267,330
$7,349,407
Cost of goods sold
$7,398,590
$3,721,854
$3,794,599
$3,964,744
Gross margin
55%
68%
48%
46%
Net income
-$10,592,777
-$3,270,133
-$1,947,696
-$1,908,061
Taxes paid
$0
$0
$3,044
$8,248
Balance sheet
Cash
$2,766,049
$366,484
$1,194,112
$411,990
Accounts receivable
$37,550
$137,402
$35,674
$16,569
Total assets
$5,988,096
$3,152,207
$3,380,883
$3,465,849
Short-term debt
$3,350,026
$2,140,885
$1,601,261
$1,970,794
Long-term debt
$6,819,518
$6,646,066
$7,078,558
$8,091,572
Total liabilities
$10,169,544
$8,786,951
$8,679,820
$10,062,366
Other
Headcount
—
11
—
8

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$100.0M
Valuation cap
Reg CF · SAFE · Oct 2024

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · SAFE · Oct 2024Closedvia WeFunder
Raised $0 / $2MValuation cap $100M
Rule 506(c) · SAFE · Nov 2024Closed
Raised $100KInvestors 1

Team

2 people
Jacob PechenikFounder
Founder & CEO
Gregory Campbell
CTO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not obligated

never closed a Reg CF raise

1 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARApr 23, 20260001742100-26-000003
    EDGAR
  • Form DNov 26, 20240001742100-24-000004
    EDGAR
  • Form C/ANov 1, 20240001670254-24-001048
    EDGAR
  • Form C/AOct 21, 20240001670254-24-001016
    EDGAR
  • Form C/AOct 15, 20240001670254-24-001003
    EDGAR
  • Form COct 7, 20240001670254-24-000984
    EDGAR
  • Form DMay 30, 20180001742100-18-000001
    EDGAR
Source: ManualCIK 0001742100

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.