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Enviro-Serv announces a 50/50 joint venture with Canna Capital, investing $75,000 in Tampa's Bean Bar Company. CEO Chris Trina highlighted the potential of the CBD beverage market, projected to reach $2.65 billion by 2025. This marks the second investment in a month, totaling $135,000 aimed at enhancing shareholder value. Enviro-Serv holds a 15% stake in Bean Bar and will receive a perpetual 5% royalty on sales starting this July. The new Bean Bar retail location is set to open in Tampa Palms by mid-October, with projected sales exceeding $750,000 in the next 12 months.
Enviro-Serv announces its continued partnership with Canna Capital Development for a second consecutive year to fund an outdoor marijuana grow in Central Michigan. The company has tripled its investment capital for the 2021 season, expecting high yields and increased returns exceeding last year's 75%. A guaranteed option for a 2022 grow has also been secured. Harvesting is anticipated in October. CEO Chris Trina emphasizes strong market demand and plans for future growth, while highlighting the company's focus on increasing shareholder value.
Enviro-Serv, Inc. (OTC: EVSV) has announced its inaugural acquisition of high-quality hemp bio-mass, securing 6,000 pounds of the sought-after 'Lifter' strain from a Wisconsin farmer. The transaction, valued at 42,500 restricted common stock shares, signifies Enviro-Serv's commitment to navigating the evolving hemp market and enhancing shareholder value. CEO Chris Trina highlighted the challenges in the hemp industry and expressed optimism about future monetization opportunities. The deal reflects the company's strategic intent to capitalize on its farming investments made over the past two years.
Enviro-Serv, Inc. (OTC: EVSV) has announced significant progress in its joint venture with Canna Capital Development Group, focusing on securing a cannabis grow site in Michigan. The company has engaged Michigan Cannabis Properties to find an optimal location for their indoor grow facility. With Wisconsin Governor Tony Evers proposing cannabis legalization, which could generate $165 million annually, Enviro-Serv is positioned to capitalize on expanding market opportunities in both Michigan and Wisconsin. CEO Chris Trina expresses optimism for a strong year ahead, driven by evolving cannabis regulations.
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