Enviro-Serv, Inc. (“Enviro-Serv”) (OTCPK: ENCO) is a diversified agriculture company engaged in the marketing and distribution of agricultural products and services. Enviro-Serv’s current activities include the distribution of the Enviro-Serv brand of grower products (e.g., nutrients, soil, hydroponics, and other gardening products) and other systems and equipment to growers and other businesses engaged in the cultivation of medicinal and recreational marijuana in the state of Michigan. Enviro-Serv is also engaged in the exchange of agricultural products and services, including agricultural services, and the fabrication, installation, and repair of various types of facilities, including agricultural equipment and facilities.
In another example of the innovative use of emerging technologies, Enviro-Serv, Inc., a Michigan-based provider of environmental services to the medical marijuana industry, has entered into an expanded JV partnership with Enviro-Serv, Inc. to service the medical marijuana industry in Michigan.
Tampa, FL, June 30-June 20, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Enviro-Serv, Inc. is extremely pleased to announce that for the second year, we are engaging our joint venture partner in central Michigan to grow marijuana outdoors.
Chris Trina, president and CEO of Enviro-Serv, said: We are pleased to announce that for the second year in a row, we are partnering with Wisconsin-based Canna Capital Development Group to fund our medical marijuana outdoor business in central Michigan. We have tripled our investment capital for this growing season and are confident that we will achieve very high returns and excellent results in this fast growing sector. At the end of 2020, EVSV delivered a net return of 75% through our partnership with Canna Capital, and we expect to exceed that return this year. In addition, we are very pleased to have included in our 2021 culture funding agreement a guaranteed option to participate in another culture in 2022, so that this collaboration will last for two years, if we choose to do so. For safety reasons, no information is given on the location of cultivation. The growers who work with us have over 11 years of experience growing medical marijuana in various states.
Mr. Trina continued: We have high hopes for this partnership and expect demand to remain very high in the state of Michigan. We continue to look for opportunities in Michigan and look forward to the passage of the legislation needed for legalization in our home state of Wisconsin. While we do not disclose details of the exact terms of this partnership, we will provide further updates on the development as key milestones are achieved; however, we fully expect these revenues to be realised in this financial year.
concluded Mr Trina: The Michigan crop is already fully planted; harvest is expected in October and processing will begin immediately thereafter. This is a turning point for our company, as it marks our continued interest in the rapidly growing cannabis industry in the United States, particularly with respect to the state of Michigan. We will continue to grow and explore opportunities that meet the needs of MMJ and cannabis consumers and increase value for our shareholders while improving the lives of patients. As the second quarter draws to a close today, we continue to work full steam ahead in our core pest control business and look forward to further news on key activities as we continue to build shareholder value, Trina added.
This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. This statement reflects the Company’s current view of future events involving risks and uncertainties. These risks include, but are not limited to, the expectation that any of the companies mentioned herein will generate significant sales volumes, the inability to meet schedules or fulfill contracts, the company’s liquidity position, the company’s ability to win new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. Given these uncertainties, the expected events referred to in this press release may not occur.
Chairman and CEO -EVSV
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