$ZAAG January 7, 2021 -- Econic Crop Solutions Inc
Post# of 24974
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Posted On: 01/12/2021 8:17:43 AM
$ZAAG January 7, 2021 -- Econic Crop Solutions Inc, a Division of ZA Group Inc. (OTC Pink: ZAAG) is pleased to announce the successful completion of its first pilot business venture with the Nosim's Group of the Samson Cree Nation in Central Alberta, Canada. Samson Cree Nation administers a land area of 50 square miles with a population of approximately 3500 residents.
Econic supplies and operates indoor farming modules to grow and extract cannabis products for domestic and export markets. This first $100,000 project, totally funded by Econic, was installed and commissioned at Samson on September 15, 2020.
The first harvest at this installation is planned for the end of January with expected revenue of $100,000 from the crop. Because of the success achieved, final discussions are underway to quadruple the number of grow pods at Samson in the short term with expectation for future expansion to 100 grow pods.
Brad Baptiste, spokesperson for the Nosim's Group of the Samson Cree Nation stated, "We are very excited about the future of this business venture with Econic. It is expected to bring a sustained economic boom to our community here in Central Alberta while utilizing our own people to support and fuel the growth. The training, employment and career development programs that arise from this venture will also attract further outside funding to expand additional possibilities within our reach. Our First Nations sovereign rights status provides significant business growth and development benefits including tax-free status."
Econic supplies and operates indoor farming modules to grow and extract cannabis products for domestic and export markets. This first $100,000 project, totally funded by Econic, was installed and commissioned at Samson on September 15, 2020.
The first harvest at this installation is planned for the end of January with expected revenue of $100,000 from the crop. Because of the success achieved, final discussions are underway to quadruple the number of grow pods at Samson in the short term with expectation for future expansion to 100 grow pods.
Brad Baptiste, spokesperson for the Nosim's Group of the Samson Cree Nation stated, "We are very excited about the future of this business venture with Econic. It is expected to bring a sustained economic boom to our community here in Central Alberta while utilizing our own people to support and fuel the growth. The training, employment and career development programs that arise from this venture will also attract further outside funding to expand additional possibilities within our reach. Our First Nations sovereign rights status provides significant business growth and development benefits including tax-free status."
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