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Posted On: 03/15/2022 2:44:48 PM
Post# of 144900
$KOSK enters into a JV acquisition agreement with Foundation Farms, Corp. (“FFC”) and acquires 51% of E-Roots (Abbotsford), Ltd. (“ERA”) after its signed LOI announced in the beginning of March 2022.
The JV with FFC will provide the knowledge and technical know how in order to grow, market, and sell grown produce through the purchasing or leasing of space for operations. The acquisition will have the Company own 51% of ERA to build and purchase its self-sustaining vertical organic farming systems with a divided 50/50 revenue share.
The JV with FFC will provide the knowledge and technical know how in order to grow, market, and sell grown produce through the purchasing or leasing of space for operations. The acquisition will have the Company own 51% of ERA to build and purchase its self-sustaining vertical organic farming systems with a divided 50/50 revenue share.
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