Eco Allies (OTC Pink: SVSN) Progresses on $90 million NYSE Listed Hemp REIT
Eco Allies(formerly Stereo Vision)Report released on EmergingGrowth.com
Name change to Eco Allies, Inc. (OTC Pink: SVSN) to reflect new direction of Company
Progresses on $90 million NYSE Listed Hemp REIT
Sale of environmental credits to finance the filing of the $90 million REIT
Expects to yield over $200 million through recent acquisition of Climate Cure Capital Corp.
Miami, FL-- December 3, 2019 -- InvestorsHub NewsWire – EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Eco Allies, Inc. (OTC Pink: SVSN).
This could be the biggest play in the Hemp space. See the full story on http://www.EmergingGrowth.com
SVSN may not be at these levels much longer.
See the Press Release and more on Eco Allies, Inc. (OTC Pink: SVSN) at EmergingGrowth.com
Eco Allies's, Inc. (OTC Pink: SVSN) bold foray into the lucrative global hemp market—a market projected to hit $26.6 billion by 2025 according to a report by ResearchAndMarkets—is beginning to pay off.
Eco Allies, Inc. (OTC Pink: SVSN) has formed Amalgamated Agricultural Properties Inc. (http://hempreit.biz) to acquire farms and properties for growing hemp, and establish a mission critical foundation for its venture into hemp with its planned registration, for a New York Stock Exchange (NYSE) listing, to be filed with the SEC for a $90 million Real Estate Investment Trust (REIT).
Eco Allies, Inc. (OTC Pink: SVSN) currently owns 500,000 shares of Amalgamated's 5 million authorized shares, with 90% of the remaining authorized shares (4,500,000 shares) to be sold for $20.00 per share yielding Amalgamated $90 million to complete letters of intent (LOI's) that Amalgamated is procuring.
Eco Allies, Inc.'s shareholders will ultimately be the beneficial owners of 10% of Amalgamated's 5 million shares then outstanding for $10 million in shareholder equity.
Innovative Industrial Properties (NYSE: IIPR) grew from $20.00 to $130.00 per share in 18 months.
"Innovative Industrial Properties Inc., (NYSE: IIPR) has demonstrated that a cannabis related REIT can be a success as its stock has grown dramatically in price from its IPO. Its management and founders reflect the rare expertise required to be successful in this business and our Farming Advisors, John Toth (member of the Eco Allies, Inc. Board of Directors), and Shad Sullivan (Member of the Climate Cure Board of Directors) are in the same league. Eco Allies, Inc. is another pioneer following the success of, Innovative Industrial Properties Inc., (NYSE: IIPR), Unlike IIPR however, Eco Allies, Inc. seeks to advance the legal cannabis REIT model to benefit Amalgamated, and Eco Allies, Inc. through its relationship with Amalgamated." said Honour.
The Amalgamated REIT, of which Eco Allies, Inc. (OTC Pink: SVSN) is the current principal shareholder has already aroused sharp interest from Wall Street investors who are keen on venturing into the legal cannabis space.
In order to assist with the development of Amalgamated, Eco Allies, Inc. (OTC Pink: SVSN) has incorporated into its a "Who's Who" of the hemp industry into its board of directors.
You can view the full team here: http://www.hempreit.biz/
Acreage is the Holy Grail
Among the many products made from hemp, CBD can generate as much as $180,000 (CAD)/$140,000 (USD) per acre. This is according to research based on the Canadian market, which research is more readily available because at this time, Canada has more progressive cannabis laws than the U.S. The chart below gives a detailed breakdown of the potential revenue from one acre of hemp.
Clearly, acreage is the Holy Grail in hemp cultivation. Revenues are a direct function of how many acres that can be grown. But expanding controlled acreage is easier said than done. Farmland is increasingly expensive in the U.S. Prices have increased consistently since the early 1990s and even defied the 2008 financial crisis. This is according to analysis by The Motley Fool, and cited on USA TODAY.
But here again, Eco Allies, Inc.'s innovative strategy shines. Targeting Florida's warm climate, allows 3 crops per year to be cultivated from the same acreage. The high cost of farmland presents a challenge to the vast majority of hemp cultivators as legal cannabis is still a development stage industry and the vast majority of companies in the space are currently not generating sufficient revenues or cash flows to purchase irrigated farmland.
U.S. farmland prices have increased consistently since early 1990s
The average price of U.S. farmland is currently around $2,728, according to the aforementioned Motley Fool analyst. Through the planned $90 million-dollar US REIT, Eco Allies, Inc. will be able to access a considerable amount of acreage. This translates into an opportunity to generate strong revenues long-term. This is not a typo, but a calculation based on the average revenue per acre of hemp can be $100,000+ for hemp.
"A REIT is designed to raise capital to acquire real estate. In this instance, Amalgamated can raise the cash it needs through a deal with a major Wall Street Firm to purchase farmland to grow hemp. The Eco Allies, Inc. strategy leverages conventional funding, expenditure reduction, and innovative generation of revenue, to produce, and then vastly increase legal cannabis cash flows for it and its shareholders," commented Jack Honour, CEO of Eco Allies, Inc..
The Climate Cure Acquisition
"Eco Allies, Inc.'s recent acquisition of Climate Cure Capital Corporation added another thoroughbred to the Eco Allies, Inc. stable and furnishes Eco Allies, Inc. with the way to add a number of revenue generators to increase Company profits." Stated Jack Honour Eco Allies, Inc. (OTC Pink: SVSN)
Eco Allies, Inc. acquired 100% of Climate Cure Capital Corporation's stock in exchange for five million shares of Eco Allies, Inc. restricted common stock. Eco Allies, Inc.'s General Counsel, Arnold F. Sock, is a founder, officer, and board member of Climate Cure Capital Corporation.
Climate Cure Capital®, the recently acquired wholly owned subsidiary, is the result of more than 40 years of combined experience in project design, management, and implementation in GHG (Greenhouse Gas) reduction and renewable energy arenas. Our strategy is to identify specific opportunities to provide, emission reduction or energy efficiency opportunity in the early stages of a development. Climate Cure provides its innovative solutions and technologies while it directs and manages the necessary technical consultants and becomes the repository for all of a carbon related project's data.
Climate Cure has an experienced management team.
You can view the full team here: http://climatecurecapital.com/
The Climate Cure Capital Corporation acquisition is another example of management's determination to expand into eco-friendly businesses with socially positive impacts and strong earnings potential. Climate Cure Capital Corporation currently has over 295,000 environmental credits in its account. It provides environmental commodities services to produce and broker carbon offset credits, emissions offset credits, as well as other offset credits that finance pollution mitigation.
These credits have value. Depending on the market, the 295,000 credits held by Climate Cure Capital can be sold for between $10.00 and $14.00 each, providing $295,000 to $413.000 in cash proceeds. Eco Allies, Inc. will sell the credits to finance its ongoing progress to have Amalgamated's $90 million REIT listed on the NYSE.
Climate Cure Capital Corporation has farmed and harvested its proprietary Paulownia trees for the Ortigalita Power Plant in California of which Climate Cure owns 30%. Climate Cure has in stock 5,000,000 seeds for these proprietary trees it developed through non-genetic modification. It will also be burning hemp chaff and hemp by-products to create green gas, electricity, and carbon and emission offset credits.
Our proprietary Paulownia Trees, according to WF Billy Barnwell, CEO of Climate Cure Capital Corporation and Eco Allies, Inc. Board of Directors member, grow to 2 feet high in 6 weeks after planting and 20 feet per year to a maximum of 60 feet in 3 years. Climate Cure's proprietary Paulownia Tree can be harvested at any point after the first year (at 20 feet) and then used for biomass to produce energy, producing biochar (a soil amendment), phytoremediation (soil clean-up), coal supplanting (when processed for such), and because they are a carbon sink (breathing in CO2) they result in carbon and emission offset credits that are sold for additional revenue at the same time they produce revenue from their primary usage.
According to Philip Scalzo, (https://www.linkedin.com/in/philip-scalzo-731a5830/) who was instrumental in analyzing Climate Cure Capital Corp.'s Paulownia trees, and their potential market value to Eco Allies, Inc. concluded that a 2,000 lb. tree is 70% water and 30% dry matter. Climate Cure Capital Corp. is expected to recover 94% or 564 lbs. of the dry matter, (which will still contain 10% moisture) and sell it to a customer for $140.00 per ton, or $43.86 for each tree.
Eco Allies, Inc.'s now wholly owned subsidiary Climate Cure Capital Corp has 5,000,000 seeds in stock of which it expects to yield over $200,000,000.
Jack Honour, CEO, Eco Allies, Inc. (OTC Pink: SVSN) stated "Eco Allies, Inc., which has a 100% ownership stake in CannaFlora Farms and Climate Cure Capital is grossly undervalued in light of its current market cap of around $9.81 million versus its subsidiaries' potential to rake in revenues and income in the millions in the near term of operation without land acquisition costs, debt financing costs, or stock dilution."
Mr. Honour continued, "Eco Allies, Inc.s potential to become a billion-dollar company from revenue and income produced by the Amalgamated REIT, and its subsidiaries cannot be downplayed. REITS require that 90% of their income be distributed to their shareholders, and as a significant shareholder in Amalgamated, Eco Allies, Inc. (OTC Pink: SVSN) could look forward to significant income from its Amalgamated holdings (as well as the potential benefit of holding Amalgamated stock that may significantly increase in value). Eco Allies, Inc. has a stable of diversified companies to establish of tremendous shareholder value."
"Talent acquisition and retention is at the heart of Eco Allies, Inc.'s strategy. While we love working with people who are genuinely passionate about the possibilities our business model offers, and we put an even greater premium on skill and competence. Our talent pool is premier quality," concluded Honour.
When investors look at the amazing success story of Innovative Industrial Properties Inc. (NYSE: IIPR) they often get mesmerized by the stock chart and forget that successful companies are built by talented executives like , William Barnwell, James Gaspard (Eco Allies, Inc. Board of Directors member and biochar [patent holder and expert), Scientist John Toth (CEO of CannaFlora, Inc. and agriculture expert), Shad Sullivan (patent holder and farming expert), Arnold F. Sock (LL.M), Esq., T.J. Culbertson (real estate expert and Eco Allies, Inc. Board of Directors Member), Wayne Hunton, CRS (CEO and Director of Amalgamated), Ron Watson (Eco Allies, Inc. Board of Directors member and hemp consultant), Glenn Kirk, CPA, and Jack Honour, who can all successfully execute strategy.
Adding to this critical resource are the capabilities and capacities of the wholly owned current and future subsidiaries of Eco Allies, Inc. These companies will grow, maintain and expand revenue and income producing activities. Being "just a REIT," Innovative Industrial Properties, Inc. (NYSE: IIPR), cannot take advantage of income generating capabilities available to Eco Allies, Inc. through its collaborative multi-faceted operations concept and its ability to execute it.
Once the Amalgamated REIT draws much deserved attention to Eco Allies, Inc. and its difference from just being associated with an "ordinary REIT," the upside could be tremendous – Possibly in the six to nine figures" Concluded Jack Honour, CEO Eco Allies, Inc.
Safe Harbor Statement: Except for historical information certain statements in this newsrelease may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties.There can be no assurance such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions these forward-looking statements are qualified by other factors and undertakes no responsibility to update information.
Jack Honour CEO
Eco Allies, Inc.
OTC Pink: SVSN
SVSN may not be at these levels much longer.
See the Press Release and more on Eco Allies, Inc. (OTC Pink: SVSN) at EmergingGrowth.com
Other Companies in the news and featured on EmergingGrowth.com
Onconova Therapeutics, Inc.
Onconova Therapeutics, Inc. (NASDAQ:ONTX) was recently downgraded from buy at Maxim Group, which also removed its $2.00 target price. The stock, down from $5.00 in March, had what seemed like a dead cat bounce from .10 to .34 over the past four sessions. There is strong resistance at .60.
Have a look at Eco Allies, Inc. (OTC Pink: SVSN) who just announced progression on a $90 million NYSE REIT.
Verus International, Inc.
Shares of Verus International, Inc. (OTCQB:VRUS) shot up 140% over the past two weeks before topping out at the 100-day moving average. There seems to be strong resistance at the .21 mark as approximately 32 million shares cut the stock almost in half in the beginning of November.
Eco Allies, Inc. (OTC Pink: SVSN) seems to be trading just a penny above support and is aggressively targeting the "hemp as a base raw material" market.
Allied Security Innovations, Inc.
Shares of stop sign company Allied Security Innovations, Inc. (OTC:ADSV) were up 2,150% on 145 million shares before giving back half its gain yesterday. Volume has been steadily increasing over the past two weeks. The company has not publicly released any press or filings on OTC markets.
Have a look at Eco Allies, Inc. (OTC Pink: SVSN). whose now wholly owned subsidiary Climate Cure Capital Corporation has 5,000,000 seeds in stock of which it expects to yield over $200,000,000.
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