ProGreen Forms Subsidiary for Direct Sales of ProGreen Farms Fresh Produce to the U.S.
December 06 2017 - 8:41AM
InvestorsHub NewsWire
San Diego, CA -- December 6, 2017 -- InvestorsHub NewsWire --
ProGreen US, Inc., (ProGreen), (OTCQB:
PGUS), www.ProGreenUS.com, Twitter @ProGreenUS; ProGreen forms
subsidiary for direct sales of ProGreen Farms™ fresh produce to the
U.S. market
ProGreen is announcing the formation of a new wholly-owned
subsidiary, ProGreen Farms US, LLC, for the distribution of
ProGreen Farms™ fresh produce within the United States.
Fresh produce to be distributed by ProGreen Farms US will be
grown by the Company's joint operating partner, Contel, starting on
the farm at Rancho Arenoso in Baja California. The Arenoso is the
first ProGreen Farms™ operation, and was developed just this
year.
Contel is currently in the late stage of the first year's
harvest of chili peppers at Arenoso, while at the same time
planning and taking steps for expansion, as well as to increase
output/yield and overall efficiency of the operations for 2018.
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
http://www.progreenus.com/blog
About ProGreen US, Inc.
ProGreen US, Inc., www.ProGreenUS.com, based in San Diego,
California, 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 5,000 acres of land with
4.5 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.
ProGreen US, Inc.Jan TelanderPresident and CEO Jan@ProGreenUS.com Phone: 1 (248) 805-3652 www.ProGreenUS.com