BLOOMFIELD TOWNSHIP, MI--(NewMediaWire - May 5, 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), www.CieloMarBaja.com.
ProGreen is pleased to announce that Contel has now completed
the planting of approximately 1.4 million chili pepper seedlings on
60 of the 100 acres at Arenoso, the first ProGreen Farm, south of
El Rosario, Baja California, Mexico. Additional seedlings will be
planted on the remaining 40 acres over the coming weeks in order to
stagger the harvest for operational efficiency.
The plants, currently about 8 inches in height, will be ready
for the first cut of the harvest beginning in July.
This first $1.1M+ chili pepper contract on 100 acres for
Agricola Consuela, a direct exporter/importer to the U.S.,
establishes Contel as a producer in a $12 billion market for
imports of fruit and vegetables to the U.S. from Mexico. With an
estimated 4,000 - 5,000 acres of farmable land available, Contel
has set goals for rapid expansion of the farming operation, with a
planned increase of 300% in 2018.
From the Office of the United States Trade
Representative:
U.S. imports of fresh and processed fruit & vegetables from
Mexico totaled $12 billion in 2016, including fresh vegetables
($5.6 billion), other fresh fruit ($4.9 billion), and processed
fruit & vegetables ($1.5 billion). (source: https://ustr.gov/countries-regions/americas/mexico)
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.