Grow Care, Inc. announced that it will issue 2,569,833 series B preferred shares at an issue price of $20.0734 per share for gross proceeds of $51,585,286 in a round of funding on July 29, 2022. The company will raise $50,252,552 pursuant to exemption provided under Regulation D. The shares carry non-cumulative fixed dividend rate of 8% per share per annum. The shares are not redeemable.