Greenfield Farms Food, Inc. (OTCPK:GRAS) announced that it entered into a private placement of convertible promissory note with LG Capital Funding, LLC for gross proceeds of $26,500 on October 9, 2014. The note carries a fixed coupon of 8% per annum and will mature on October 9, 2015. The note is convertible by the holder at 50% of the lowest closing bid price in the ten trading days before the conversion.