GME INNOTAINMENT INC - GMEV STOCK NEWS

Foundation Farms, a subsidiary of GME Innotainment (OTC PINK: GMEV), has placed an order for equipment to establish a 450 tower vertical farm in Abbotsford, British Columbia. A newly prepared business plan indicates a gross margin of $445,000 annually, equating to 98% of sales, and a net profit of $113,000 per year, or 25% of sales. Payback on capital is expected within two years. The partnership with Life Leaf Gardens will ensure the purchase of all products from this facility, enhancing Foundation Farms' market presence.

Foundation Farms, a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV), is nearing the final stages of a joint venture agreement to establish a 3,000 sq ft vertical farm in Abbotsford, British Columbia. This facility will feature a 450 tower vertical farm, warehouse space, and a conference room. Projected annual revenue is approximately $450,000, with a gross margin of 98%. CEO Ed Kroeker expressed optimism regarding the company's expansion, citing successful harvests and promising new partnerships.

Foundation Farms, a subsidiary of GME Innotainment (OTC PINK:GMEV), has launched its second harvest at the E-ROOTS Centre in Red Deer, Alberta, following high demand from its first crop. The second crop features 14 leafy greens and herbs, strawberries, and cayenne peppers, with all produce reportedly having no blemishes and superior taste compared to local supermarket offerings. CEO Ed Kroeker highlighted the tangible benefits of vertical farming, aiming to elevate plant-based products to new standards of culinary excellence. GMEV's CEO, Yves R. Michel, anticipates robust profitability as the technology expands.

Foundation Farms, Corp., a subsidiary of GME Innotainment (OTC PINK:GMEV), successfully completed its first harvest at the E-ROOTS CENTRE in Red Deer, Alberta, taking only 21 days from seed to harvest. The initial products received positive consumer feedback for quality and taste. Plans to double production capacity are underway, backed by strong interest in joint ventures across North America and the Caribbean. Management confirmed a quick capital cost recovery of six months per E-ROOTS Centre. The global vertical farming market is seeing significant investment, particularly in North America.

NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Foundation Farms, a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV), announced progress at its first E-ROOTS CENTRE in Red Deer, Alberta. The first two phases of crop production were completed successfully, with the third phase underway, and first crop harvesting expected by the end of May. Management reports increasing interest in E-ROOTS CENTRE joint ventures across North America. CEO Ed Kroeker emphasized the commitment to innovation and excellence, while GMEV CEO Yves R. Michel highlighted the impressive ROI potential and environmental benefits of their technology.

Foundation Farms, Corp., a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV), has commenced production of its first leafy greens crop at its Red Deer facility. The installation and commissioning of facilities were completed on schedule, with Phase 1 of crop production finalized. Phases 2 and 3 are expected to conclude within three weeks, with the initial harvest anticipated by the end of May. The company also launched a new website to outline its vision and invite joint venture partners for the E-ROOTS CENTRES globally.

Foundation Farms, a subsidiary of GME Innotainment (GMEV), has confirmed delivery and installation dates for its first vertical farm. The turnkey farm package is set to arrive at the Red Deer area site this week, with assembly and commissioning planned for next week. Production will commence on May 1. Each vertical farm will serve as an E-ROOTS CENTRE, promoting local food sustainability by sourcing and distributing local produce. Interest for joint ventures is growing across North America, indicating strong demand and potential expansion in regions such as Minneapolis and Toronto.

Foundation Farms, a subsidiary of GMEV, and Econic, a subsidiary of ZAAG, have agreed to collaborate on indoor farming technologies. This partnership aims to optimize manufacturing processes for cannabis and leafy greens production, leveraging shared resources like LED systems and equipment. Foundation Farms will lease part of Econic's facility in Alberta to establish its first vertical farm. Both companies anticipate mutual growth through cost savings and market opportunities, enhancing their business prospects in their respective sectors.

Foundation Farms, a subsidiary of GME Innotainment (OTC PINK: GMEV), announced a purchase order for vertical farming equipment for its Red Deer location. ZipGrow Inc. will provide a hydroponic system, touted as a leading indoor vertical farming platform. Installation is scheduled for early Q2 2021. CEO Ed Kroeker emphasized their commitment to excellence in vertical farming and highlighted the proprietary E-ROOTS system as a technological advantage. GMEV CEO Yves R. Michel reinforced the importance of a strong foundation for growth.