Posted On: 02/08/2016 4:03:45 AM
Post# of 36
The NOW Corporation To Receive $5,000,000 Capital Injection
New hydroponic facilityrepresents over $12,000,000 in projected gross revenues
PORTLAND, OR, DECEMBER 16, 2015 – THE NOW CORPORATION (NWPN.PK) announced today that it has entered into an Equity Purchase Agreement with Red River Ventures, LLC, a Texas limited liability company. As part of the negotiated deal terms, The NOW Corporation will receive a capital injection of $5,000,000 in order to begin construction on its first Colorado-based hydroponic facility.
Furthermore, as part of the negotiations, The NOW Corporation will receive $5,000,000 upon filing an S-1 Registration Statement with the Security and Exchange Commission, which is expected to take place within the next 75 days. As a result, The NOW Corporation’s management team expects to begin construction of its first hydroponic facility in the first quarter of 2016.
To continue, the facility will be used to grow industrial hemp in a controlled environment in order to ensure ideal growth conditions and maximum number of harvests throughout the year. Additionally, each acre is estimated to grow 28,800 hemp plants with an expected 5 grams of CBD’s per plant at an expected market value minimum of $25 per gram with three to four harvests per year (28,800 plants x 5 grams @ $25 x 3 to 4 harvests per year). All of which potentially represents over $12,000,000 in projected gross revenues to the company.
Also, The NOW Corporation’s management team will be working on enhancements to its hydroponic facility in order to grow between 57,600-86,400 plants -- increasing revenue per harvest per acre. This would increase the projected revenues by three to four times.
About The NOW Corporation
The NOW Corporation’s core mission is to profitably utilize new and existing properties where legalized growing of industrial hemp is allowed. This will take place during the inevitable transition of the country’s new laws wherein we will establish the company as a leader in the industrial hemp revolution. For more information about The NOW Corporation, please visit us at:www.thenowcorporation.net
New hydroponic facilityrepresents over $12,000,000 in projected gross revenues
PORTLAND, OR, DECEMBER 16, 2015 – THE NOW CORPORATION (NWPN.PK) announced today that it has entered into an Equity Purchase Agreement with Red River Ventures, LLC, a Texas limited liability company. As part of the negotiated deal terms, The NOW Corporation will receive a capital injection of $5,000,000 in order to begin construction on its first Colorado-based hydroponic facility.
Furthermore, as part of the negotiations, The NOW Corporation will receive $5,000,000 upon filing an S-1 Registration Statement with the Security and Exchange Commission, which is expected to take place within the next 75 days. As a result, The NOW Corporation’s management team expects to begin construction of its first hydroponic facility in the first quarter of 2016.
To continue, the facility will be used to grow industrial hemp in a controlled environment in order to ensure ideal growth conditions and maximum number of harvests throughout the year. Additionally, each acre is estimated to grow 28,800 hemp plants with an expected 5 grams of CBD’s per plant at an expected market value minimum of $25 per gram with three to four harvests per year (28,800 plants x 5 grams @ $25 x 3 to 4 harvests per year). All of which potentially represents over $12,000,000 in projected gross revenues to the company.
Also, The NOW Corporation’s management team will be working on enhancements to its hydroponic facility in order to grow between 57,600-86,400 plants -- increasing revenue per harvest per acre. This would increase the projected revenues by three to four times.
About The NOW Corporation
The NOW Corporation’s core mission is to profitably utilize new and existing properties where legalized growing of industrial hemp is allowed. This will take place during the inevitable transition of the country’s new laws wherein we will establish the company as a leader in the industrial hemp revolution. For more information about The NOW Corporation, please visit us at:www.thenowcorporation.net
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