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Wednesday, Jun 29, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Culture

Green Day bassist backs first SEC private stock offering of a US cannabis cultivator

Mike Dirnt, who has stake in the company, announced the offering of up to US$10 million

Green Day bassist backs first SEC private stock offering of a US cannabis cultivator

“A small cloud has fallen/ The white mist hits the ground/ My lungs comfort me with joy/ Vegging on one detail/ The rest just crowds around/ My eyes itch of burning red,” Green Day frontman Billie Joe Armstrong sang on the band’s first album back in 1991.

Yes, the name of one of the most famous punk bands of all time is apparently a reference to the first time Armstrong got high.

Fast forward nearly three decades, and Green Day’s other founding member has his bass-playing hands in the now multi-billion dollar cannabis industry.

Mike Dirnt announced Thursday that Goldenseed, a California cannabis and hemp company, is the first private U.S. cultivator qualified by the U.S. Securities and Exchange Commission (SEC) to sell stock to the general public.

Anyone wanting to own stock in the privately held farm, can purchase common shares in the company for US$10 a pop, with a minimum buy of US$100. The current offering is for up to US$10 million, according to the press release.

Dirnt has been an investor, brand ambassador and advisor with Goldenseed since 2001.

If you’re a diehard fan, you’ve probably seen Dirnt posting pictures of himself on Instagram with big bags of bud.

https://www.instagram.com/p/B5EC01HDQUG/

You might also know he has a more personal stake in the business, as his wife is a self-proclaimed cannabis success story. In a surprisingly tasteful promotional video, Brittney Cade Dirnt tells the story about how medical cannabis helped her get through rounds of chemo and surgery.

“I have a recreational and medicinal history with cannabis, from growing up in Northern California. I know Goldenseed respects the history of this plant and also honors the future of how this industry is growing,” the bassist said. “And on the recreational side, it’s damned good weed!”

The brand is endorsed by other famous faces, with Drinking Made Easy’s Zane Lamrey also listed as an investor on the company’s website.

Read more: Zane Lamprey puts down his drink, puts on hemp pants

People interested in investing can learn more and purchase shares directly on www.OwnGoldenSeed.com.

Top photo by Sven-Sebastian Sajak via Wikimedia Commons

 

nick@mugglehead.com

@nick_laba

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