Download the Prospectus
Pre Money Equity Valuation
$6,049,460
Min Raise
$5,000,000
Max Raise
$5,000,000
Estimated Close
2020-11-23
Issue Type
IPO
Lead Manager
CPS Capital Group Pty Ltd
Type of Securities
Shares
Date First Lodged
26/10/2020
Offer Costs $
$483,000
Market Cap Max
$11,049,460
Key Executives
Gernot Abl (NEC), Ran Vaingold (MD), Corey Montry (NED)
Company Address
Level 21, 459 Collins Street Melbourne, Victoria, 3000
Exchange
ASX
Chairman's Letter

Dear Investor
On behalf of the Board of Live Verdure Ltd (Company or Live Verdure) (formerly 13 Seeds Ltd), I am
pleased to present this Prospectus and to invite you to become a shareholder in the Company.
As a result of the legalisation of hemp food products under Australian law in November 2017, and
subject to the Company successfully completing the Public Offer, the Board is enthusiastic about its
future.
Live Verdure is an Australian plant based food, nutraceutical and skin care company which owns fast
growing hemp consumer brand “13 Seeds”, with Tasmanian hemp as its hero protein. The Company
was established in 2016 and is now based in Melbourne. The Company sources high-quality
Tasmanian hemp seeds for processing by third parties and then distributes its products online
(through its own website and other affiliate websites) and via its nationwide distribution partners.
With over 22 existing products across its gourmet food and nutraceutical ranges, the Company has
one of the widest ranges of hemp food and nutraceutical products in the Australian hemp market and
is able to leverage its access to a number of non-major supermarkets, independent grocers, and
health food stores across Australia.
Live Verdure has the regulatory approvals it requires to conduct all aspects of its current hemp food
business in Australia. The Company currently relies on fully accredited third parties to grow and
process its hemp supplies and undertake its manufacturing.
The Company will continue to source and secure a sustainable supply of high-quality hemp seeds
direct from Tasmanian farms and seed companies.
Live Verdure has built a strong online sales channel coupled with distribution to retail stores across
Australia, including independent grocers, health food stores and pharmacies. The Company currently
sells its products within Australia.
All of the above leaves the Company exceptionally well positioned to capitalise on rising consumer
awareness about the benefits of plant-based protein.
The Directors are of the view that an investment in the Company provides the following nonexhaustive list of advantages to investors, being exposure to:
(a) a product ready and revenue generating Company with existing online and in-store distribution
channels (please see Section 6 for further information of the Company’s financial position);
(b) an emerging and fast growing industry (please see Section 3 for further detail); and
(c) an experienced e-commerce and online growth team to drive future sales growth (please see
Section 5 for further detail).
The purpose of the Public Offer is to raise $5,000,000 (before associated costs) by the issue of up to
25,000,000 Shares at an issue price of $0.20 each. The Lead Manager of the Public Offer is CPS
Capital Group (see Section 7.1 for further details).
The proceeds of the Public Offer will be utilised to enable the Company to continue to manufacture
and sell a suite of innovative retail plant based food products and wholesale plant based food products to continue to grow its existing revenues. Proceeds will also provide general working capital and pay
for the costs of the Offers. Investors should note that the Company is currently operating at a loss, is
at an early stage of development and that accordingly, an investment in the Company should be
considered highly speculative.
This Prospectus contains detailed information about the Offers and the current and proposed
operations of the Company, as well as the risks pertaining to an investment in the Company. Potential
investors in the Company should carefully consider those risks (detailed in Section 4).
We look forward to welcoming you as a Shareholder should you decide to take up Securities pursuant
to the Offers.
Yours faithfully
Gernot Abl
Non-Executive Chairman