Advanced Growing Systems closed its first institutional round of private funding from Vision Opportunity Capital Management. Advanced Growing Systems owns and operates several commercial wholesale nurseries in the metro Atlanta area and is involved in the manufacturing of scientifically based organic fertilizers.
"Our rapid growth and aggressive expansion plans call for the right financial partner. I truly believe Vision Capital Management is the ideal partner," says Chris Nichols, CEO of Advanced Growing Systems. "Its principals took an in-depth look into the Company and came away with the same long-term vision that we instill into everyone who is part of our team. While we are still a small company from a public standpoint, our foray into the public market was for proper exposure and to access adequate capital to sustain rapid growth. We are accomplishing both with a clear focus on minimizing dilution to our shareholders and effectively managing our capital."
"We are excited by the opportunity that the Company has to grow both its commercial nursery and fertilizer businesses," says John Crlencic of Vision Opportunity Capital Management. "The Company's enthusiastic management team is focused on long-term value creation through quality products and services. We look forward to seeing the Company attain its sales and profit goals."