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Posted On: 03/17/2021 12:24:12 PM
Post# of 107164
$ZAAG News! Econic Crop Solutions receives $500,000 in investments.
NAPLES, FL / ACCESSWIRE / March 15, 2021 / Econic Crop Solutions Inc, a Division of ZA Group Inc. (OTC PINK:ZAAG) is pleased to announce that it has received over US$500,000 of equity financing through a private placement. The funds are being used to kickstart the manufacture and deployment of grow pods to service the three contracts previously disclosed. Each pod is leased to the company's joint venture partners at $100,000 per annum and additional revenues are accrued through operating contracts. Revenues are already accruing from the three existing pods. Ten more pods have been completed and are currently being deployed, and the company's manufacturing facility is on the 10 pod per month rollout schedule previously announced. The company projects that by 2021 year end, all manufacturing activity will be self financed and significant profits will accrue to the bottom line. In addition, with each pod having an asset value of $60,000, the company anticipates total asset growth in excess of $5,000,000 during 2021.
https://finance.yahoo.com/news/econic-crop-so...00481.html
NAPLES, FL / ACCESSWIRE / March 15, 2021 / Econic Crop Solutions Inc, a Division of ZA Group Inc. (OTC PINK:ZAAG) is pleased to announce that it has received over US$500,000 of equity financing through a private placement. The funds are being used to kickstart the manufacture and deployment of grow pods to service the three contracts previously disclosed. Each pod is leased to the company's joint venture partners at $100,000 per annum and additional revenues are accrued through operating contracts. Revenues are already accruing from the three existing pods. Ten more pods have been completed and are currently being deployed, and the company's manufacturing facility is on the 10 pod per month rollout schedule previously announced. The company projects that by 2021 year end, all manufacturing activity will be self financed and significant profits will accrue to the bottom line. In addition, with each pod having an asset value of $60,000, the company anticipates total asset growth in excess of $5,000,000 during 2021.
https://finance.yahoo.com/news/econic-crop-so...00481.html
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