MEBANE — PlantPure Inc., a plant-based health and wellness company, has raised $6.8 million by selling equity, according to a filing with the Securities and Exchange Commission on Tuesday.
PlantPure
A total of 44 investors contributed to the offering. The filing did not disclose how the Mebane-based company intends to use the money.
PlantPure was founded as an outgrowth of the 2015 documentary PlantPure Nation.
The documentary features T. Colin Campbell, his son Nelson Campbell and Kentucky Senate Rep. Tom Riner as they work together to propose a pilot program to document the health benefits of a plant-based diet.
However, victory is short lived. Ultimately, agribusiness lobbyists killed the plan, resulting in company President and CEO Nelson Campbell bringing his own pilot project to his hometown of Mebane.
PlantPure, previously named Campbell Wellness Inc., advocates for a whole food, plant-based diet as a way to optimize health. To accomplish this, the company provides programs and resources such as dietary regimens and health and weight loss online seminars.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
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