SAN DIEGO, CA,, Dec. 06, 2017 (GLOBE NEWSWIRE) -- , ProGreen US, Inc., (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS; ProGreen forms subsidiary for direct sales of ProGreen Farms™ fresh produce to the U.S. market
ProGreen is announcing the formation of a new wholly-owned subsidiary, ProGreen Farms US, LLC, for the distribution of ProGreen Farms™ fresh produce within the United States.
Fresh produce to be distributed by ProGreen Farms US will be grown by the Company's joint operating partner, Contel, starting on the farm at Rancho Arenoso in Baja California. The Arenoso is the first ProGreen Farms™ operation, and was developed just this year.
Contel is currently in the late stage of the first year's harvest of chili peppers at Arenoso, while at the same time planning and taking steps for expansion, as well as to increase output/yield and overall efficiency of the operations for 2018.
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
Follow us on social media:
https://www.facebook.com/ProGreenFarms/
https://www.facebook.com/cielomarbajacamx/
https://twitter.com/ProGreenUS
http://www.progreenus.com/blog
About ProGreen US, Inc.
ProGreen US, Inc., www.ProGreenUS.com, based in San Diego, California, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the US market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,000 acres of land with 4.5 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called "Cielo Mar."
Independent Stock Message Forum:
http://investorshangout.com/ProGreen-US-PGUS-65470/
This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.