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Seedo Signs MOU to Secure $30 Million Commercial Line of Credit to Finance Consumer Leasing of Its Home Grow Units

Aug 06, 2019 - PR Newswire
Board and Executive Moves

PR Newswire

"Seedo" (OTCQB: SEDO) - an agritech company providing the world's first fully automated and controlled indoor growing device for the "at-home agriculture" markets as well as commercial scale systems, today announced it signed a Memorandum of Understanding (MOU) to secure a $30 million line of credit to make its Seedo Home grow device even more accessible to consumers. The MOU is non binding and the parties plan to enter into definitive agreements within 60 days.