Greenfield Farms Food, Inc. (OTCPK:GRAS) announced a private placement of a convertible promissory note for gross proceeds of $16,500 on May 5, 2015. The transaction included participation from new investor Cresthill Associates, LLC The note carries a coupon of 8% per annum and would mature on November 5, 2015. The note is convertible by the holder after 180 days at 45% of the three lowest closing bid prices in the 30 trading days before the conversion.