Crosswood Initiates Convertible Bond Offering

WAYNESBORO, Va. - April 8, 2024 - PRLog -- Crosswood, a veteran owned company specializing in the production of Hardwood Mass Timber through the use of locally sourced Yellow Poplar lumber, announces that it launched a Patriots Convertible Bond offering.
To facilitate this offering, Crosswood has partnered with Folla Capital, LLC, an SEC-registered and FINRA-member broker-dealer. For more information on the offering or to explore investment opportunities with Crosswood, visit the offering page on Folla Capital's website at https://follacapital.com.
Crosswood stands at the forefront of hardwood mass timber, specializing in the production of hardwood cross-laminated timber (CLT) through the use of regionally sourced trees. Known for its exceptional attributes like fire resistance, strength, installation flexibility, and lightweight properties, CLT is driving innovative design and construction processes worldwide.  Crosswood is the first CLT manufacturing company in Virginia and one of only two within the Northeast region.
John Panaccione, Partner at Folla Capital, stated, "As an investment banker, I wholeheartedly support Crosswood's initiative to launch Patriots Convertible Bonds in order to invite investors into this initiative. This opportunity allows investors to participate in Crosswood's commitment to innovation and the immense potential of the hardwood cross-laminated timber industry. Investing in Crosswood is not just about potential financial returns; it's about supporting a veteran-owned company that is driving sustainable growth, regional development, and revolutionizing the construction landscape with its cutting-edge technology."
Crosswood's Founder & CEO, Jeremy Adams is enthusiastic about the exciting journey ahead: "We're stepping into an exciting new phase at Crosswood. With solid partnerships already established with industry leaders and an extensive lineup of hardwood Mass Timber products in the pipeline, we're gearing up for remarkable progress. The funding from this campaign will be instrumental in acquiring the necessary equipment to kickstart our Hardwood Mass Timber manufacturing facility. As we ramp up production, we're poised to address the Mass Timber availability challenge, particularly on the East Coast. The demand for Mass Timber is undeniable, and this campaign's success will enable us to not only meet but to exceed our customers' expectations. Additionally, we're dedicated to securing contracts with government and military agencies, supplying mass timber for vital projects both domestically and internationally."
Forward Looking Statement
This Crosswood press release may contain forward-looking statements, which are, by nature, risky and uncertain. These risks and uncertainties include international and local economic and market conditions, our ability to sustain, manage, and /or forecast growth, and any other risks that may or may not be presently known. See the Private Placement Memorandum at https://www.follacapital.com for more information.