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Foundation Farms, Corp., Announces Production of First Leafy Greens Crop

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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.

Positive
  • Production of the first leafy greens crop has begun, indicating operational progress.
  • Phases 2 and 3 of crop production are expected to complete on time.
  • The new website enhances outreach and encourages joint ventures for expansion.
Negative
  • None.

NEW YORK, NY / ACCESSWIRE / May 6, 2021 / Foundation Farms, Corp., ("Foundation Farms") a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV) today announced that production of the first crop of leafy greens has begun in the company's Red Deer area plant. Installation and commissioning of facilities was completed right on schedule and Phase 1 of crop production has been completed. Phases 2 and 3 will be completed over the next three weeks and harvest of the first crop is expected at the end of May. This is a reflection of the accelerated crop growth that takes place on each E-ROOTS vertical farm.

To celebrate the launch of this new phase in the company's evolution, management has also launched a new website- foundationfarms2021.com. The new site provides enough information for visitors to catch the vision and there is even a portal for inviting joint venture farm partners into the business of building and operating E-ROOTS CENTRES around the world

Ed Kroeker, CEO of Foundation Farms reported, "Our on-site team in Red Deer reflects the true farming spirit. Crop planting was underway the minute installation was completed. This entrepreneurial diligence reflects our corporate behavior in every challenge we take on and we are now assembling a vast team of farm partners to launch the next phase of our growth."

Yves R. Michel, GMEV CEO followed the on-site progress this past week and stated, "Watching this progress, it doesn't take long to realize that Foundation Farms has caught the vision of a new and exciting era of rapid and sustainable food production. The real-time launch of the Central Alberta E-ROOTS CENTRE this week is like wind in the sails for the company."

Contact:

Yves R. Michel
Chief Executive Officer and Director
208 East 51st St., Suite 170
New York, NY 10022
Source: GME Innotainment, Inc. ("GMEV")
www.srcorpgroup.com
Released May 6, 2021
OTCPink:GMEV

This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on GME Innotainment, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to GME Innotainment, Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. GME Innotainment, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

SOURCE: GME Innotainment, Inc.



View source version on accesswire.com:
https://www.accesswire.com/645105/Foundation-Farms-Corp-Announces-Production-of-First-Leafy-Greens-Crop

FAQ

What recent production milestone did GMEV announce?

GMEV announced that Foundation Farms has begun production of its first leafy greens crop at the Red Deer facility.

When is the first crop expected to be harvested?

The first crop is expected to be harvested by the end of May.

What are the upcoming phases for crop production at GMEV?

Phases 2 and 3 of crop production are set to be completed over the next three weeks.

What is the purpose of the new website launched by GMEV?

The new website aims to outline the company’s vision and invite joint venture farm partners for building E-ROOTS CENTRES globally.

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