Crucian Farms — St. Croix, US Virgin Islands
Vertically integrated agriculture, energy and hospitality on St. Croix. Founded
2020. Cultivation, manufacturing, research and genetics, and retail, powered by an
on-site solar array, with adjacent hospitality and charter operations.
Leadership
Reanne Wu
— Founder and Chief Executive Officer, majority
owner. Born and raised on St. Croix. Social-equity qualified licence holder.
Luke Wu
— Co-founder, Chief Financial Officer and farm manager;
leads technology and design.
Why the US Virgin Islands
The USVI Economic Development Commission grants qualifying non-cannabis entities a
90% income-tax reduction, a 100% gross receipts and excise tax exemption, and a 1%
customs duty. The regulated licence anchors a capped local market while the adjacent
verticals carry advantages the licensed entity is not itself eligible to hold.
Contact
103 Rattan, Christiansted, St. Croix, USVI 00820 ·
reanne@crucianfarms.io
The raise
Target
$30–45M
, base case
$38M
. Equity funds
the operating build; debt and tax equity fund real estate and phase 1 of the owned 5 MW
solar layer. Operating cash (Engine A) and solar asset net asset value (Engine B) are
reported separately and are never combined.
Licence status
Crucian Farms LLC submitted a Tier 1 Commercial Cultivation License
application to the USVI Office of Cannabis Regulation in November 2025. That commercial
licence has not been granted.
The company is an applicant, not a licensed
commercial cannabis operator. No cannabis product is offered, sold or distributed. Any
statement that Crucian Farms holds a commercial cannabis licence is inaccurate.
Disclosure
Nothing on this site is an offer to sell or a solicitation of an offer to buy any
security. Any such offer is made only to qualified investors through formal offering
documents. The Tier 1 commercial cannabis licence is pending and has not been granted. Forward-looking statements, including the raise, the buildout and any launch date, are projections contingent on regulatory approval. Cannabis
products are for adults 21 and over where lawful. Operating EBITDA and solar asset net
asset value are reported separately and are never combined.