Cultivo Land PBC announced that it will receive $19,758,836.5191 in a round of funding on December 19, 2023. The company will issue 584,549 series A-1 preferred stock at an issue price of $25.6607 per share and 231,818 series A-2 preferred stock at an issue price of $20.5286 per share. The shares are convertible into common shares at a fixed conversion price equal to original issue price.

The shares are redeemable. The shares are issued at a par value of $0.00001 per share.