Greenfield Farms Food, Inc. (OTCPK:GRAS) announced a private placement of a convertible promissory note for gross proceeds of $50,000 on April 1, 2015. The note carries a fixed coupon of 12% per annum. The transaction included participation from SoFran, LLC.

The note is convertible by the holder after 180 days at 40% of the three lowest closing bid prices in the ten trading days before the conversion.