$KOSK March 15, 2022 (GLOBE NEWSWIRE) -- One Step
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Posted On: 03/16/2022 3:07:02 PM
$KOSK March 15, 2022 (GLOBE NEWSWIRE) -- One Step Vending Corp. (OTC: KOSK) (“KOSK” or “the Company”), a company specializing in emerging industries acquisitions with an emphasis in the self-serve vending market, 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.
Through the JV and acquisition, the Company will now be involved in the agriculture sector while exploring the many opportunities with its vending machines. During the LOI’s due diligence phase the Company has obtained many interested parties through its network to potentially purchase and utilize the farming systems. Now signed and executed, the Company plans to discuss further with the interested parties and seek other potential partners to expand this new unique venture.
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.
Through the JV and acquisition, the Company will now be involved in the agriculture sector while exploring the many opportunities with its vending machines. During the LOI’s due diligence phase the Company has obtained many interested parties through its network to potentially purchase and utilize the farming systems. Now signed and executed, the Company plans to discuss further with the interested parties and seek other potential partners to expand this new unique venture.
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