BLOOMFIELD HILLS, MI--(NewMediaWire - May 1, 2017) -
ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US
company engaged primarily with investments in agricultural and real
estate projects in Baja California, Mexico, both through its joint
venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel)
and through its majority-owned Mexican subsidiary Procon Baja JV
(Procon).
Progreen is pleased to announce that Contel has completed the
operational development of the first ProGreen Farm, and we are now
actively growing chili peppers destined for the US market.
Contel obtained a $1.1M+ (USD) contract with a major exporter to
the U.S. for chili peppers to be grown on the first 100 acres, as
announced in the press release on January 23, 2017. During the past
months, Contel has been very active with development and
preparation of the land for the growing operations, with the final
step of installing the drip irrigation, which has now been
completed.
With the planting process now well underway, we expect to have
60 of the 100 acres completed with 1.4 million chili plants in the
ground by the end of the week, and we are looking forward to begin
harvesting in July.
(Related photos on the agricultural project page and blog update
at ProGreenUS.com.)
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
Follow us on social media:
https://www.facebook.com/ProGreenFarms/
https://www.facebook.com/cielomarbajacamx/
https://twitter.com/ProGreenUS
https://progreenus.wordpress.com/
About ProGreen US, Inc.
PROGREEN US, INC., www.ProGreenUS.com, based in Bloomfield,
Michigan, is engaged primarily with investments in agricultural and
real estate projects in Baja California, Mexico, both through its
joint venture partnership with Inmobiliaria Contel S.R.L.C.V.
(Contel) as well as through its majority-owned Mexican subsidiary
Procon Baja JV (Procon). Contel is now active in the high margin
produce industry, growing crops for exporters to the US market,
with an abundance of land available for expansion under our JV
partnership. Procon has recently acquired 5,100 acres of land with
4.7 miles of oceanfront on the Bay of El Rosario, for which a
master plan is being drawn for the development of a very large,
totally green, international vacation and retirement community
called "Cielo Mar."
Independent Stock Message Forum:
http://investorshangout.com/ProGreen-US-PGUS-65470/
This press release might contain information, which may
constitute 'forward-looking statements' within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
'Forward-looking statements' are based upon expectations, estimates
and projections at the time the statements are made that involve a
number of risks, uncertainties and other factors that could cause
actual results or events to differ materially from those
anticipated.