$HSPG OrgHarvest signs 10 Million dollar deal for
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Posted On: 01/31/2018 10:04:22 AM
$HSPG OrgHarvest signs 10 Million dollar deal for Cannabis Greenhouse in Las Vegas
https://www.otcmarkets.com/stock/HSPG/news/Or...21&b=y
OrgHarvest has raised 10 million dollars from a soverign fund in Qatar to build 100,000 sqft greenhouse to produce cannabis and service the 45 million tourists that visit Las Vegas each year"
Frank Celecia
INCLINE VILLAGE, NEVADA, USA, January 26, 2018 /EINPresswire.com/ -- Today OrgHarvest has announced a 10 million dollar funding agreement from the sovereign fund of Qatar. The funds will be used to purchase land and assemble a 100,000 square foot greenhouse imported from the Netherlands for the first project from OrgHarvest.The company originally planned to launch in Washoe County Nevada. An opportunity to purchase a production and cultivation license in Henderson, Clark County Nevada created an opportunity to serve many of the forty-five million tourists that come to Las Vegas each year to have a good time. The Las Vegas area has some 50 dispensaries serving the community.
OrgHarvest plans to enter the California market in the near future. We continue to look for opportunities that will fit our business model.
The company is enabling Investors to continue to visit our website at www.orgharvest.usand click on info@orgharvest.us to request a Private Placement and subscription agreement.
The placement will be terminated in the near future now that we have secured funding for this project.
OrgHarvest plans to be one of the larger cultivators of Cannabis in Las Vegas Nevada with the production of 13 tons a year from 100 thousand square feet of greenhouse, said Frank Celecia, CEO.
Name and symbol change
OrgHarvest is a new company in the Nevada recreational Marijuana industry dedicated to cultivating and the production of Cannabis and Cannabis products. Home Shopping Latino, Inc. is the parent company of OrgHarvest and is registered in the State of Delaware. Home Shopping Latino, Inc. trades publicly under the stock symbol HSPG on the Over-the-Counter Market in the USA(OTCIQ). OrgHarvest is a (dba). The company will submit the necessary information and will file for a symbol change to ORGH.
Existing Common Shareholders
Shareholders of common shares of HSL Inc. do not have to do anything with their existing shares and will automatically be converted one for one in the new company OrgHarvest.
The company will file for a name change to OrgHarvest. OrgHarvest will cultivate high-quality Cannabis and Cannabis plants. The companys goal is to provide high-quality Cannabis to retail Marijuana stores, manufacturing and other cultivation facilities in Las Vegas, Reno, and the surrounding areas.
The company will distribute Cannabis through wholesale transactions to qualified Marijuana establishments. The company will operate under stringent quality control processes with all of the Marijuana products to be distributed only after passing all state-required inspections by independent third-party testing facilities and internal inspections, before being provided to the end users. The company will seek to obtain a license to operate a Cultivation and Production facility from the Department of Taxation in the State of Nevada.
OrgHarvest will not only strive to provide high-quality Cannabis but produce it in the most sustainable manner. We are poised to become an industry leader in the Cannabis industry. The target market for OrgHarvest comprises of retail stores, processors, and the 45 million tourists that visit Las Vegas and Reno/Lake Tahoe each year and adjacent producers interested in local businesses and farms that create products from the ground up.
Market
Recent research indicates that the Cannabis industry has been growing steadily and rapidly since the passage of laws allowing the distribution of Marijuana. According to Oakland based Marijuana Angel Investment Network, The ArcView Group (Executive Summary, 5th Edition), national legal sales for 2016 grew to $6.7 billion from $5 billion in 2015, fueled by explosive growth in adult use market sales. The growth continues a robust pattern that ArcView estimates will lead to a $22.6 billion market in 2021 at a 27% compound annual growth rate.
In November 2016, a new set of regulations paved the way for a recreational Marijuana market in Nevada. The State of Nevada began recreational sales on July 1, 2017, which is expected to register a compound annual growth rate of 42% over the next five years thus adding up to $433 million in sales annually by 2021. The evolving legal environment combined with changing public attitudes are all factors contributing to a perfect storm to cultivate industry growth.
OrgHarvest Private Placement can be downloaded in one convenient operation at https://www.orgharvest.us
*Note Artist rendition of the high tech and cost-effective, and environment-friendly greenhouses from the Netherlands
Frank Celecia
OrgHarvest
13104608426
email us here
Copyright © 2018 OTC Markets. All Rights Reserved
https://www.otcmarkets.com/stock/HSPG/news/Or...21&b=y
OrgHarvest has raised 10 million dollars from a soverign fund in Qatar to build 100,000 sqft greenhouse to produce cannabis and service the 45 million tourists that visit Las Vegas each year"
Frank Celecia
INCLINE VILLAGE, NEVADA, USA, January 26, 2018 /EINPresswire.com/ -- Today OrgHarvest has announced a 10 million dollar funding agreement from the sovereign fund of Qatar. The funds will be used to purchase land and assemble a 100,000 square foot greenhouse imported from the Netherlands for the first project from OrgHarvest.The company originally planned to launch in Washoe County Nevada. An opportunity to purchase a production and cultivation license in Henderson, Clark County Nevada created an opportunity to serve many of the forty-five million tourists that come to Las Vegas each year to have a good time. The Las Vegas area has some 50 dispensaries serving the community.
OrgHarvest plans to enter the California market in the near future. We continue to look for opportunities that will fit our business model.
The company is enabling Investors to continue to visit our website at www.orgharvest.usand click on info@orgharvest.us to request a Private Placement and subscription agreement.
The placement will be terminated in the near future now that we have secured funding for this project.
OrgHarvest plans to be one of the larger cultivators of Cannabis in Las Vegas Nevada with the production of 13 tons a year from 100 thousand square feet of greenhouse, said Frank Celecia, CEO.
Name and symbol change
OrgHarvest is a new company in the Nevada recreational Marijuana industry dedicated to cultivating and the production of Cannabis and Cannabis products. Home Shopping Latino, Inc. is the parent company of OrgHarvest and is registered in the State of Delaware. Home Shopping Latino, Inc. trades publicly under the stock symbol HSPG on the Over-the-Counter Market in the USA(OTCIQ). OrgHarvest is a (dba). The company will submit the necessary information and will file for a symbol change to ORGH.
Existing Common Shareholders
Shareholders of common shares of HSL Inc. do not have to do anything with their existing shares and will automatically be converted one for one in the new company OrgHarvest.
The company will file for a name change to OrgHarvest. OrgHarvest will cultivate high-quality Cannabis and Cannabis plants. The companys goal is to provide high-quality Cannabis to retail Marijuana stores, manufacturing and other cultivation facilities in Las Vegas, Reno, and the surrounding areas.
The company will distribute Cannabis through wholesale transactions to qualified Marijuana establishments. The company will operate under stringent quality control processes with all of the Marijuana products to be distributed only after passing all state-required inspections by independent third-party testing facilities and internal inspections, before being provided to the end users. The company will seek to obtain a license to operate a Cultivation and Production facility from the Department of Taxation in the State of Nevada.
OrgHarvest will not only strive to provide high-quality Cannabis but produce it in the most sustainable manner. We are poised to become an industry leader in the Cannabis industry. The target market for OrgHarvest comprises of retail stores, processors, and the 45 million tourists that visit Las Vegas and Reno/Lake Tahoe each year and adjacent producers interested in local businesses and farms that create products from the ground up.
Market
Recent research indicates that the Cannabis industry has been growing steadily and rapidly since the passage of laws allowing the distribution of Marijuana. According to Oakland based Marijuana Angel Investment Network, The ArcView Group (Executive Summary, 5th Edition), national legal sales for 2016 grew to $6.7 billion from $5 billion in 2015, fueled by explosive growth in adult use market sales. The growth continues a robust pattern that ArcView estimates will lead to a $22.6 billion market in 2021 at a 27% compound annual growth rate.
In November 2016, a new set of regulations paved the way for a recreational Marijuana market in Nevada. The State of Nevada began recreational sales on July 1, 2017, which is expected to register a compound annual growth rate of 42% over the next five years thus adding up to $433 million in sales annually by 2021. The evolving legal environment combined with changing public attitudes are all factors contributing to a perfect storm to cultivate industry growth.
OrgHarvest Private Placement can be downloaded in one convenient operation at https://www.orgharvest.us
*Note Artist rendition of the high tech and cost-effective, and environment-friendly greenhouses from the Netherlands
Frank Celecia
OrgHarvest
13104608426
email us here
Copyright © 2018 OTC Markets. All Rights Reserved
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