Grow Solutions Holdings, Inc. (OTCPK:GRSO) announced that it has entered into a securities purchase agreement for private placement of a 8% convertible promissory note for gross proceeds of $248,500 on December 15, 2016. The transaction will include participation from accredited investors. The company will issue note at a 15% discount on the principal amount of $286,775. The note bears fixed interest rate of 8% per annum. The note is convertible following 180 days from the date of issuance. The note is convertible into common shares of the company at a conversion price equal to 58% of the lowest closing price of the common shares in the prior 20 trading days, which is subject to adjustments with minimum conversion price under $0.20 per share. The company will issue securities pursuant to exemption provided under Regulation D.