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Co-op owners!

Join us to:

·         Help your co+op finance its second store in Culver City

·         Earn a good return on your investment

·         Put your money where your values are, and

·         Keep your money invested locally, benefitting our own community

 

To build and open our second store, we need to raise at least $1,500,000 from owner investments in dividend-bearing shares. Owner investment in Co+opportunity will ensure we have enough capital for the project, and allow us to borrow less money from traditional lenders- while paying you a great rate of return (earning up to 4%).

 

The minimum investment is one share ($500).

 

Investment shares are still available!

We've currently raised over $1,208,000 towards our 1.5 million goal!

 

There are many reasons to invest in Co+opportunity:

●      Investment shares* are dividend bearing shares (not to be confused with regular, membership shares) that offer you a good return on investment (up to 4%)

●      Your investment will support a thriving, sustainable local food system

●       Your money stays in the community- not an out-of-state corporate headquarters

●       Co+op Culver City will create good jobs, support local farmers and producers, and grow economies, thus multiplying our investment dollars over time

 

As owners of a cooperative, we all have a stake in its success.

 

Investment Shares Information


We have been approved by permit from the California Department of Business Oversight to offer three types of investment shares (series 1, 2 and 3), each with different terms and annual dividends, based on the duration of the investments.

 

The price of one share is the same, $500, for investments in each series. We have a total of 3,000 shares (divided among the three types) available, to raise the funds we need. Owners can buy multiple shares, from any series. The longer you are able to leave your money invested, the higher your return.


Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Proin risus. Praesent lectus. Vestibulum quam sapien, varius ut, blandit non, interdum in, ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Duis faucibus accumsan odio. Curabitur convallis. Duis consequat dui nec nisi volutpat eleifend. Donec ut dolor. Morbi vel lectus in quam fringilla rhoncus. Mauris enim leo, rhoncus sed, vestibulum sit amet, cursus id, turpis. Integer aliquet, massa id lobortis convallis, tortor risus dapibus augue, vel accumsan tellus nisi eu orci. Mauris lacinia sapien quis libero. Nullam sit amet turpis elementum ligula vehicula consequat. Morbi a ipsum. Integer a nibh. In quis justo. Maecenas rhoncus aliquam lacus. Morbi quis tortor id nulla ultrices aliquet.

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Proin risus. Praesent lectus. Vestibulum quam sapien, varius ut, blandit non, interdum in, ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Duis faucibus accumsan odio. Curabitur convallis. Duis consequat dui nec nisi volutpat eleifend. Donec ut dolor. Morbi vel lectus in quam fringilla rhoncus. Mauris enim leo, rhoncus sed, vestibulum sit amet, cursus id, turpis. Integer aliquet, massa id lobortis convallis, tortor risus dapibus augue, vel accumsan tellus nisi eu orci. Mauris lacinia sapien quis libero. Nullam sit amet turpis elementum ligula vehicula consequat. Morbi a ipsum. Integer a nibh. In quis justo. Maecenas rhoncus aliquam lacus. Morbi quis tortor id nulla ultrices aliquet.

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Proin risus. Praesent lectus. Vestibulum quam sapien, varius ut, blandit non, interdum in, ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Duis faucibus accumsan odio. Curabitur convallis. Duis consequat dui nec nisi volutpat eleifend. Donec ut dolor. Morbi vel lectus in quam fringilla rhoncus. Mauris enim leo, rhoncus sed, vestibulum sit amet, cursus id, turpis. Integer aliquet, massa id lobortis convallis, tortor risus dapibus augue, vel accumsan tellus nisi eu orci. Mauris lacinia sapien quis libero. Nullam sit amet turpis elementum ligula vehicula consequat. Morbi a ipsum. Integer a nibh. In quis justo. Maecenas rhoncus aliquam lacus. Morbi quis tortor id nulla ultrices aliquet.

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Proin risus. Praesent lectus. Vestibulum quam sapien, varius ut, blandit non, interdum in, ante. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Duis faucibus accumsan odio. Curabitur convallis. Duis consequat dui nec nisi volutpat eleifend. Donec ut dolor. Morbi vel lectus in quam fringilla rhoncus. Mauris enim leo, rhoncus sed, vestibulum sit amet, cursus id, turpis. Integer aliquet, massa id lobortis convallis, tortor risus dapibus augue, vel accumsan tellus nisi eu orci. Mauris lacinia sapien quis libero. Nullam sit amet turpis elementum ligula vehicula consequat. Morbi a ipsum. Integer a nibh. In quis justo. Maecenas rhoncus aliquam lacus. Morbi quis tortor id nulla ultrices aliquet.


Series NumberCost Per ShareTermAnnual Dividend RateNumber of Shares in SeriesSeries Total
1$500No Set Term1%200$100,000
2$5004 year minimum retention2.5%2,800$1,400,000
3$5005 year minimum retention4%3,000$1,500,000

 

 

●      Investment Shares can be purchased at any time until the total number of shares in each series has been sold, as delineated in the Memorandum of Terms.

●      Investment Shares can only be purchased by California residents who are Co+opportunity members in good standing. 

●      Investment Shares carry no voting rights, unlike membership shares.

 If you have any questions about the Member Investment Campaign, please call Shifra Teitelbaum, Investment Campaign Manager (and a member-investor) at (310) 766-6631 or General Manager, Bruce Palma at (310) 451-8902 x405. You can also email us at campaign@coopportunity.com.

To Purchase Shares:

 

1.  Download and read the Memorandum of Terms


2.  Download and read the Disclosure Statement


3.  Download and read the Preferred Investment Share Purchase Agreement


4.  Make out a check to “Co-opportunity” in the amount corresponding to the value of shares you are    purchasing. 

5.  Fill out and sign pages 9 & 10 of the Preferred Investment Share Purchase Agreement. 

     a.     Purchaser/Investor Agreement (page 9)

     b.     Exhibit A (page 10)

 

The two pages in step #5 are the only pages from the three documents that need to be printed to complete the shares purchase.

 

NOTE: The purchase agreement pages must be filled out by the primary member on the membership account. Please email  campaign@coopportunity.com if you need to confirm who is the primary member.

 

Payment Options:

 

1. By Mail

For amounts between $500 - $25,000 please mail your check and signed documents from the Preferred Stock Purchase Agreement to:

Co-opportunity

Attn: Bruce Palma

1448 15th St Suite 103

Santa Monica, Ca 90404

 

2. In Store

You may also drop off your check and signed documents from the Preferred Stock Purchase Agreement in an envelope with your name to the Front Desk at the Co-op. Ask for a Manager on Duty.

3. Wire Transfer

For amounts over $25,000 we recommend you submit your payment through wire transfer. Please drop off your signed documents from the Preferred Stock Purchase Agreement in an envelope with your name, member ID and request for wire transfer on the envelope. You will receive an email/phone call with instructions on how to wire the money to the Co-op within 24 - 48 hours.

If you have any questions please contact Shifra Teitelbaum, Investment Campaign Manager (and member investor) at (424) 500-8486, or at campaign@coopportunity.com

Once your share purchase has been processed you will receive a Share Certificate indicating your ownership.

*Investment Shares are also known as “Preferred Shares or Class B Shares” in the Co-op Bylaws. Investment Shares are not to be confused with “Class A Membership Shares”.

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