$ORGH Zona Energy Principal Shareholders Purchase
Post# of 42377
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Posted On: 12/10/2019 9:08:44 AM
$
ORGH
Zona Energy Principal Shareholders Purchase Controlling Interest in OrgHarvest for $50 Million
LAS VEGAS, Dec. 10, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – OrgHarvest, Inc., “OrgHarvest” or the “Company” (OTCMKTS: ORGH), the first U.S. based cannabis cultivation company to achieve a Regulation A+ qualification, announced today that the Company has signed a binding agreement to sell controlling interest in the Company to the principal shareholders of Texas-based, Zona Energy, Inc., for $50M.
“Just before the Thanksgiving holiday, I received approval from our Board of Directors to move forward with a binding agreement, that would transfer controlling interest of OrgHarvest to First Seed Farms, Inc. and First Seed International, Inc. – the controlling shareholders of Zona Energy, Inc. – for $50 million,” stated Frank Celecia, CEO of OrgHarvest. “We believe this could be a major opportunity for OrgHarvest as the ultimate relationship would be with Zona Energy, who is set to do some very interesting things within the cannabis and hemp marketplace.”
The acquisition will be made in an all stock purchase, where controlling interest of OrgHarvest is being transferred to First Seed Farms, Inc. and First Seed International, Inc. for $50M in their Zona Energy, Inc. common stock holdings. Management suggests that with the support of Zona Energy and its principals, there would potentially be greater interest in ramping up funding to the Company.
While the closing is scheduled for month-end, December 2019, it is highly anticipated that the transaction will come to fruition timely. This would inevitably fast track the potential of the Company’s business model and should position OrgHarvest to become a major player within the cannabis and hemp industries, as a U.S. based cultivation operation.
Mr. Celecia concluded, “We are pleased that Zona Energy’s principals identified OrgHarvest as the most suitable Company for them to pursue their cannabis and hemp endeavors with. We will work diligently to make this venture a huge success and will continue to provide shareholders with updates pertaining to this transaction and its overall value proposition.”
To learn more about OrgHarvest’s offering, please visit https://www.fundanna.com/equity/offer-summary/OrgHarvest.
For more information, please visit:
Website: http://www.orgharvest.us/
OrgHarvest video: https://youtu.be/O6tBHMfjBEs
3D greenhouse: https://youtu.be/KjHaueQ5Ufc
JOBS Act (Title IV) Regulation A+ Offering: https://www.fundanna.com/equity/offer-summary/OrgHarvest
About OrgHarvest, Inc.
OrgHarvest’s competitive advantages include risk diversification through the approach of growing cannabis using a high-tech, custom-made, Dutch glasshouse manufactured in the Netherlands, which offers a unique combination of advantages unmatched by OrgHarvest’s competitors. Compared to other cannabis operations, the Company differentiates itself by offering a facility that can provide better quality flowers, pest-free growing conditions, and a stronger focus on developing strains and new products using exclusive patented technology.
Management Team
OrgHarvest’s management team and founders bring together unique and diverse backgrounds in terms of education, experience and expertise. Having an award-winning team behind OrgHarvest that is dedicated to strain development and organic production, will be the key to producing high-quality, high-THC flower. All of the products that the Company distributes must first pass inspections conducted by independent, third-party testing facilities, followed by internal inspections, then delivery to the end user.
The OrgHarvest management team has many years of combined business experience and is comprised of Senior Executives who each have a commendable track record in the technology industry. The Company’s management team includes Frank Celecia, president and CEO; Keith DeSanto, Chief Science Officer/Research and Development; Carlos Calixto, COO; and Rick Snelson, master grower. The Company’s Board of Directors includes Frank Celecia, Dr. Dean Cohen and James Adams.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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TruCrowd Services Clients OrgHarvest and QwikLeaf Make Strides Admid House Judiciary Committees MORE Act
GlobeNewswire GlobeNewswire•December 9, 2019
CHICAGO, IL, Dec. 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – TruCrowd Services, LLC., a specialized provider of digital marketing strategies and marketing services for Regulation A (Reg A+) and Regulation Crowdfunding (Reg CF) ventures, announced today, that on the heels of the House Judiciary Committee passing H.R. 3884, the MORE Act (Marijuana Opportunity Reinvestment and Expungement Act) QwikLeaf and OrgHarvest Inc. (ORGH) have made tremendous strides – both in operations and their leveraging of the JOBS Act – Title III and Title IV (Reg. CF and Reg. A+, respectively).
When asked to comment on the MORE Act, Frank Celecia, CEO of the first U.S. based cannabis cultivation company to qualify with the SEC for the Reg. A+ said, “the fact that the House Judiciary Committee overwhelmingly voted 24-10 to pass this Act, shows the progress being made in the U.S. cannabis industry. I believe we’re at the forefront of the most efficient way to grow cannabis. And, with our patents for certain agricultural biotechnology which protects the healthy growth of cannabis plants, I am very confident that our contribution to the U.S. cannabis marketplace will help to solidify a prosperous future for OrgHarvest.”
Neil Biafore, CEO of QwikLeaf, an innovator of the click and collect platform for cannabis, commented this regarding the MORE Act, “Marijuana and cannabis reform is directly in-front of us. The investment into the industry, as well as what this could do for those with past cannabis convictions would be incredible. If the U.S. Senate sees the same opportunity that the House of Representatives just saw, then we are truly on the cusp of changing history and I believe our QwikCollect platform will swiftly expand out of Michigan and across the country.”
The offerings for both companies can be found on the cannabis-focused securities crowdfunding portal, Fundanna. Fundanna.com is the home to such Reg. CF successes like Transatlantic Real Estate – exceeding $1M in capital raised, 420 Real Estate – currently $30k shy of exceeding $1M in committed capital, and one of the industry's larger Marijuana Social Networks, CannaSOS.
As previously announced, OrgHarvest secured licenses for Rhamnolipid Liposomes patents to help prevent diseases which currently plague cannabis and hemp plants, after entering into a license agreement with Keith DeSanto of Rhamnolipid Inc. QwikLeaf formed a partnership with Green Retail Ventures allowing for the creation of 10 recreational cannabis stores powered by QwikLeaf’s QwikCollect platform across Michigan.
Sean Fuellhart, Chief Operating Officer of TruCrowd Services, stated, “Companies like OrgHarvest and QwikLeaf make the marketing of Reg. CF and Reg. A+ cannabis offerings exciting. Whether the issuer is raising up to $1.07M on Reg. CF or up to $20M (Tier 1) and/or $50M (Tier 2) with Reg. A+, we believe that these cannabis businesses, with their patents, licenses and partnerships, will ultimately do very well in both their capital raises as well as ventures and TruCrowd Services is pleased to be marketing their offerings.”
Management does anticipate that additional updates will soon follow from both OrgHarvest and QwikLeaf on their current and future operations.
About OrgHarvest
OrgHarvest offers an exceptional opportunity for investors interested in a unique combination of technology and an innovative business model targeting the recreational and medicinal cannabis market legal in Las Vegas, Nevada. The timing of the market and the strong demand provides a winning combination for success.
Website: http://www.orgharvest.us/
OrgHarvest video: https://youtu.be/O6tBHMfjBEs
3D greenhouse: https://youtu.be/KjHaueQ5Ufc
About QwikLeaf
The QwikCollect Platform is the first click-and-collect cannabis platform in the world. QwikCollect allows consumers to order online and pick-up their cannabis products at a dedicated locker or cube. The platform gives dispensary owners easier entry into the online space, since it has more favorable economics than delivery. The Company’s platform gives customers access to the products they want with little to no wait time. Customers can order online at home, and wait for notification of when their order is ready. QwikLeaf is pioneering this new format and developing tailored solutions for dispensary owners to win in click and collect.
About TruCrowd Services, LLC.
TruCrowd Services, LLC. (The Company) is a Chicago-based, full-service digital marketing agency, specializing in marketing of Reg A+ and Reg CF offerings. The team at TruCrowd Services, LLC. has experience in providing compliant, marketing and advertising solutions, technologies and services, for both public and private companies as well as startups and development stage companies leveraging crowdfunding.
Services offered by the Company include, but are not limited to, creating the offerings page, PR, video editing, social media engagements, email marketing and online advertising.
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact:
Sean@RegABoost.com
847-807-3434
LAS VEGAS, Dec. 10, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – OrgHarvest, Inc., “OrgHarvest” or the “Company” (OTCMKTS: ORGH), the first U.S. based cannabis cultivation company to achieve a Regulation A+ qualification, announced today that the Company has signed a binding agreement to sell controlling interest in the Company to the principal shareholders of Texas-based, Zona Energy, Inc., for $50M.
“Just before the Thanksgiving holiday, I received approval from our Board of Directors to move forward with a binding agreement, that would transfer controlling interest of OrgHarvest to First Seed Farms, Inc. and First Seed International, Inc. – the controlling shareholders of Zona Energy, Inc. – for $50 million,” stated Frank Celecia, CEO of OrgHarvest. “We believe this could be a major opportunity for OrgHarvest as the ultimate relationship would be with Zona Energy, who is set to do some very interesting things within the cannabis and hemp marketplace.”
The acquisition will be made in an all stock purchase, where controlling interest of OrgHarvest is being transferred to First Seed Farms, Inc. and First Seed International, Inc. for $50M in their Zona Energy, Inc. common stock holdings. Management suggests that with the support of Zona Energy and its principals, there would potentially be greater interest in ramping up funding to the Company.
While the closing is scheduled for month-end, December 2019, it is highly anticipated that the transaction will come to fruition timely. This would inevitably fast track the potential of the Company’s business model and should position OrgHarvest to become a major player within the cannabis and hemp industries, as a U.S. based cultivation operation.
Mr. Celecia concluded, “We are pleased that Zona Energy’s principals identified OrgHarvest as the most suitable Company for them to pursue their cannabis and hemp endeavors with. We will work diligently to make this venture a huge success and will continue to provide shareholders with updates pertaining to this transaction and its overall value proposition.”
To learn more about OrgHarvest’s offering, please visit https://www.fundanna.com/equity/offer-summary/OrgHarvest.
For more information, please visit:
Website: http://www.orgharvest.us/
OrgHarvest video: https://youtu.be/O6tBHMfjBEs
3D greenhouse: https://youtu.be/KjHaueQ5Ufc
JOBS Act (Title IV) Regulation A+ Offering: https://www.fundanna.com/equity/offer-summary/OrgHarvest
About OrgHarvest, Inc.
OrgHarvest’s competitive advantages include risk diversification through the approach of growing cannabis using a high-tech, custom-made, Dutch glasshouse manufactured in the Netherlands, which offers a unique combination of advantages unmatched by OrgHarvest’s competitors. Compared to other cannabis operations, the Company differentiates itself by offering a facility that can provide better quality flowers, pest-free growing conditions, and a stronger focus on developing strains and new products using exclusive patented technology.
Management Team
OrgHarvest’s management team and founders bring together unique and diverse backgrounds in terms of education, experience and expertise. Having an award-winning team behind OrgHarvest that is dedicated to strain development and organic production, will be the key to producing high-quality, high-THC flower. All of the products that the Company distributes must first pass inspections conducted by independent, third-party testing facilities, followed by internal inspections, then delivery to the end user.
The OrgHarvest management team has many years of combined business experience and is comprised of Senior Executives who each have a commendable track record in the technology industry. The Company’s management team includes Frank Celecia, president and CEO; Keith DeSanto, Chief Science Officer/Research and Development; Carlos Calixto, COO; and Rick Snelson, master grower. The Company’s Board of Directors includes Frank Celecia, Dr. Dean Cohen and James Adams.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Continue reading
Start the conversation
MasterJedi
Share your reaction
How are you feeling today?
BullishNeutralBearish
GuidelinesPost
TruCrowd Services Clients OrgHarvest and QwikLeaf Make Strides Admid House Judiciary Committees MORE Act
GlobeNewswire GlobeNewswire•December 9, 2019
CHICAGO, IL, Dec. 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – TruCrowd Services, LLC., a specialized provider of digital marketing strategies and marketing services for Regulation A (Reg A+) and Regulation Crowdfunding (Reg CF) ventures, announced today, that on the heels of the House Judiciary Committee passing H.R. 3884, the MORE Act (Marijuana Opportunity Reinvestment and Expungement Act) QwikLeaf and OrgHarvest Inc. (ORGH) have made tremendous strides – both in operations and their leveraging of the JOBS Act – Title III and Title IV (Reg. CF and Reg. A+, respectively).
When asked to comment on the MORE Act, Frank Celecia, CEO of the first U.S. based cannabis cultivation company to qualify with the SEC for the Reg. A+ said, “the fact that the House Judiciary Committee overwhelmingly voted 24-10 to pass this Act, shows the progress being made in the U.S. cannabis industry. I believe we’re at the forefront of the most efficient way to grow cannabis. And, with our patents for certain agricultural biotechnology which protects the healthy growth of cannabis plants, I am very confident that our contribution to the U.S. cannabis marketplace will help to solidify a prosperous future for OrgHarvest.”
Neil Biafore, CEO of QwikLeaf, an innovator of the click and collect platform for cannabis, commented this regarding the MORE Act, “Marijuana and cannabis reform is directly in-front of us. The investment into the industry, as well as what this could do for those with past cannabis convictions would be incredible. If the U.S. Senate sees the same opportunity that the House of Representatives just saw, then we are truly on the cusp of changing history and I believe our QwikCollect platform will swiftly expand out of Michigan and across the country.”
The offerings for both companies can be found on the cannabis-focused securities crowdfunding portal, Fundanna. Fundanna.com is the home to such Reg. CF successes like Transatlantic Real Estate – exceeding $1M in capital raised, 420 Real Estate – currently $30k shy of exceeding $1M in committed capital, and one of the industry's larger Marijuana Social Networks, CannaSOS.
As previously announced, OrgHarvest secured licenses for Rhamnolipid Liposomes patents to help prevent diseases which currently plague cannabis and hemp plants, after entering into a license agreement with Keith DeSanto of Rhamnolipid Inc. QwikLeaf formed a partnership with Green Retail Ventures allowing for the creation of 10 recreational cannabis stores powered by QwikLeaf’s QwikCollect platform across Michigan.
Sean Fuellhart, Chief Operating Officer of TruCrowd Services, stated, “Companies like OrgHarvest and QwikLeaf make the marketing of Reg. CF and Reg. A+ cannabis offerings exciting. Whether the issuer is raising up to $1.07M on Reg. CF or up to $20M (Tier 1) and/or $50M (Tier 2) with Reg. A+, we believe that these cannabis businesses, with their patents, licenses and partnerships, will ultimately do very well in both their capital raises as well as ventures and TruCrowd Services is pleased to be marketing their offerings.”
Management does anticipate that additional updates will soon follow from both OrgHarvest and QwikLeaf on their current and future operations.
About OrgHarvest
OrgHarvest offers an exceptional opportunity for investors interested in a unique combination of technology and an innovative business model targeting the recreational and medicinal cannabis market legal in Las Vegas, Nevada. The timing of the market and the strong demand provides a winning combination for success.
Website: http://www.orgharvest.us/
OrgHarvest video: https://youtu.be/O6tBHMfjBEs
3D greenhouse: https://youtu.be/KjHaueQ5Ufc
About QwikLeaf
The QwikCollect Platform is the first click-and-collect cannabis platform in the world. QwikCollect allows consumers to order online and pick-up their cannabis products at a dedicated locker or cube. The platform gives dispensary owners easier entry into the online space, since it has more favorable economics than delivery. The Company’s platform gives customers access to the products they want with little to no wait time. Customers can order online at home, and wait for notification of when their order is ready. QwikLeaf is pioneering this new format and developing tailored solutions for dispensary owners to win in click and collect.
About TruCrowd Services, LLC.
TruCrowd Services, LLC. (The Company) is a Chicago-based, full-service digital marketing agency, specializing in marketing of Reg A+ and Reg CF offerings. The team at TruCrowd Services, LLC. has experience in providing compliant, marketing and advertising solutions, technologies and services, for both public and private companies as well as startups and development stage companies leveraging crowdfunding.
Services offered by the Company include, but are not limited to, creating the offerings page, PR, video editing, social media engagements, email marketing and online advertising.
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact:
Sean@RegABoost.com
847-807-3434
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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