Cannabis and Lending Firm Seeks SEC Permission to Raise $50M in Crypto Sale: Author – CFR

Reported By: CryptoFundReport.com

CoinDesk – Launched in 2017 by West Point graduates and former U.S. soldiers Greg Anderson and Charlie Uchill, Ceres recently filed paperwork with the SEC to conduct a Reg. A sale, seeking permission to sell both a token and a coin. The token would represent an equity holding in the company, but the firm plans to use the coins as an actual transaction tool in its payments network. According to the application, the firm plans to sell up to $30 million worth of its tokens and $20 million in Ceres coins.

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