By: Lewis Kendall
Through the IPO, set at $750,000, the owners hope to raise money in a slightly non-traditional way that will allow them to expand the operation — namely purchasing larger equipment for drying and processing the crickets.
The IPO gives any Montanan the chance to buy a slice of Cowboy Cricket Farms for a dollar a share. State Auditor Matt Rosendale was on hand at the company’s warehouse stroke farm Thursday to sample some barbecue-flavored dried crickets and sign the exemption allowing the Rolins to effectively operate as a publicly traded company within Montana.
“We’ve got an incredible amount of entrepreneurs here in Montana, and many of them just need resources,” Rosendale said. “(The exemption process) is an offering that the smaller businesses and smaller investors can use.”
Rosendale said his office is set to kick off a tour around the state to promote similar offerings for businesses.
Read more at the Bozeman Chronicle