RELEASE: CABN, Sustainable Housing Company, Opens Up Investor Raise
CABN, Sustainable Housing Company, Opens Up Investor Raise
Rapid and prefabricated Canadian housing company invites Canadians to change future of housing
July 10, 2024 - Toronto, ON: CABN, a leading Canadian prefabricated sustainable housing company, is reshaping the future of sustainable living with its energy efficient, smart home system. Built in days, finished in weeks, and using only 20% of the energy required by traditional homes, CABN’s patent-pending technology offers a groundbreaking solution to the housing crisis. To further this mission, CABN has launched a $3 million investor raise, inviting Canadians to help shape a more sustainable future.
CEO and social entrepreneur, Jackson Wyatt, shares, "At CABN, we are driven by a vision of sustainable housing for all. Our prefabricated homes not only redefine traditional notions of living spaces but also champion environmental stewardship. We believe every individual deserves access to affordable, eco-friendly housing, and this investor raise is a pivotal step towards realizing that vision."
In just over a year since the company launched its showhome in Eastern Ontario, CABN has:
- closed over $10.7M in contract sales,
- initiated a 67-unit development,
- launched a patent-pending net-zero technology, and
- procured a 90,000-square-foot manufacturing facility.
Following CABN’s first anniversary of its initial showhome build, the investor raise marks a significant milestone in the company's journey. CABN aims to raise $3 million to fuel its expansion and further solidify its position as a leader in the sustainable housing industry. Investors can learn more about funding opportunities on www.cabn.co/invest.
"We are thrilled to invite investors to join us on this exciting journey," adds Wyatt. "Together, we can redefine the future of housing development, one CABN at a time."
David Chilton, former Dragon on CBC's "Dragons' Den" and author of "The Wealthy Barber” said, "I've invested in one of Jackson's initiatives before. He showed great drive, outstanding people skills and, that key ingredient to success, grit.” He added, “CABN really excites me. Its innovative approach to pre-fab building could be a big part of the solution to the housing crisis overwhelming so many countries.”
CABN home kits offer a uniquely scalable network housing solution for developers and municipalities, allowing them to address their housing and energy infrastructure needs in a complete package. This is seen in the company’s launch of CABN Communities, self-sustaining CABN clusters. Later this year, CABN will initiate pre-sales for a 67-unit development plan in Eastern Ontario, creating a first of its kind community model.
With a focus on minimizing environmental impact and maximizing energy efficiency, CABN's homes represent the pinnacle of eco-conscious living. In Canada, where approximately 17 percent of new homes are now net-zero energy ready, CABN's solutions are leading the way towards a greener future. With this, CABN invites investors to support a new era of housing by visiting www.cabn.co/invest or emailing them at invest@cabn.co.
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ABOUT CABN
CABN is a Canadian company that is transforming the housing industry with its cutting-edge technology and sustainable building practices. On a mission to make housing more financially attainable and environmentally sustainable, CABN utilizes prefabricated materials to rapidly build smart, beautiful homes that generate more energy than they consume, making them net- zero and reducing their impact on the environment. CABN founder, Jackson Wyatt, is known for his immense success establishing a global sustainable products company, Greenlid, for which he built 50+ innovative products distributed in 10,000+ stores across North America and 25 countries worldwide.
Media Contact:
Justin Young
Partner
Idea Workshop
416-738-5360
justin@ideaworkshop.ca
