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Agtech’s City Farm Industries Joint Venture Announces Its First Multi-Span Greenhouses Arrive from China
Newport Beach, California–(Newsfile Corp. – September 30, 2021) – Agtech Global International Inc. (OTC Pink: AGGL) (Agtech) (name change to Galexxy Holdings Inc. in process) previously announced on September 7, 2021, that it had entered into a Joint Venture with City Farm Industries Inc., for large scale cultivation of Hemp for CBD extraction and supply.
Multi-Span G House End Elevation
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Ross Lyndon-James, Agtech’s CEO said that, “The market for CBD products has improved considerably from the severe impact the COVID pandemic had on the industry in 2020.” Mr. Lyndon-James further stated that, “Industry forecaster Brightfield Group is projecting strong US market growth from $2.3 billion in 2020 to exceed $12 billion by 2026. We are encouraged by the market’s solid recovery, and we are looking forward to exciting results in the coming year.”
CFI is based in Newport Beach, California and has a 25-year Ground Lease on 1,600 acres with annual lease payments. To date $4.5 million has been invested by the former leaseholder on specific improvements for large-scale hemp cultivation. Improvements include land preparation, soil remediation, internal roads, drilling of 3 deep water wells and construction of a water storage/security canal throughout and around the perimeter of the property.
Agtech is publicly traded on OTC Markets Pink (OTC Pink: AGGL). Based in Newport Beach, California, Agtech has restructured its agricultural supplies business to enter the rapidly developing markets for premium CBD consumer products through the acquisition of Galexxy Corporation and its Joint Venture with City Farm Industries. Its “soil to sale” business strategy is keenly focused on controlling the supply chain and maximizing profits.
Agtech Global International Inc.
Ross Lyndon-James
E: [email protected]
M: (949) 456 3972
www.aggl.net
OTC Pink: AGGL
Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release.
https://twitter.com/AgtechGlobal
http://www.cityfarmindustries.com/home.html
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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