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Invest in the Coop
Here is your opportunity to help a co-operative community enterprise grow through an easy investment that you can watch grow in many ways.
The Co-op La Maison Verte is in a pretty, good place but we want you to help make it better.
Since opening its doors eight years ago La Maison Verte has become a true crossroads of community activity. Tens of thousands of people from all over the region pass through our doors each year to meet their neighbours and friends, exchange ideas, and purchase eco-friendly and fair trade goods.
Through the years we have grown in all aspects of our operations. We have shown operating surpluses while continuing to invest in human resources and improve the store. Today, with more than 7,000 members, La Maison Verte is an important part of the community and environmental landscape of Montreal.
Maintaining and improving our beautiful storefront space at 5785 Sherbrooke W. is a key to future success and development, and that is why in March of 2008 our Board of Directors (BOD) commissioned a business plan to examine the feasibility of purchasing this building.
The Business Plan showed the numbers and the idea worked! Buying the building would not only save us money in the long run and build equity, it would also allow us to "green up" the space and work to make it an environmental model for mix use buildings. It would also firmly establish our presence in NDG and the wider region.
Throughout the summer and fall, Co-op members worked to develop agreements with the Caisse d’économie solidaire Desjardins, la Fiducie du Chantier de l’économie sociale, le Réseau d’investissement social du Québec, Investissement Québec et la CDEC CDN/NDG to finance the project . The proposed contribution of these partners to the financing of the project allowed us to move forward.
But to make this plan work we need your help. Help us to build our Green house!
Financial investment from our members is vital in realizing this project. To make the business plan work we need to raise at least $25 000 to purchase our permanent home.
To do this, at its November 12, 2008 meeting, our BOD passed a resolution authorizing the sale of Preferred Class "A" shares. These shares, which sell for $100 each, bear interest at 1.5% per year and would be for a five-year term. This means they would be refundable 5 years from the time of purchase.
The contributions of members have been key to our development since before La Maison Verte ever opened its doors. Many members have contributed time, energy and money to help our project grow and get us to this good place. We are asking all members to consider an investment that will make that place better and ensure the long term sustainability of this co-operative community enterprise.
We believe this project can help the La Maison Verte grow in interesting ways. Join us, and be a part of this exciting time.
Check out the info below and let us know what you think. You can also call us at 514-489-8000 (ask for Jason or Kurt).
Links
Réglement
Offering Memorandum Preferred Shares Category "A"
Financial statement 2007
