Foundation Farms, Corp., Reports a Second Harvest is Currently Underway

Rhea-AI Summary

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.

Positive

• Second harvest sold out before completion.
• Expanded product range to 14 leafy greens, strawberries, and cayenne peppers.
• High customer satisfaction with product quality.
• Successful operation of the E-ROOTS system with minimal labor input.
• Plans for joint ventures to enhance market presence.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / July 15, 2021 / Foundation Farms, Corp., ('Foundation Farms') a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV) today reported that the second harvest is currently underway at the company's E-ROOTS CENTRE located in the Red Deer, Alberta area. Following an overwhelming positive response from customers who purchased the first crop last month, word is spreading throughout the surrounding communities and this second crop is already sold even before harvesting has been completed. Consumers have been delighted with the "no blemishes" produce and we have had numerous reports that the flavours and palatability of the vegetable greens are, "much better than anything that we have ever purchased at local supermarkets."

In response to the market demand, the company has expanded from an assortment of six basic leafy greens and herbs in the first crop to a total of 14 leafy greens and herbs, two fruits (strawberries and cayenne peppers), and four varieties of edible flowers in this second crop. Management and on-site staff also report very successful functioning of the E-ROOTS system with minimal labour input.

When asked about these results, Ed Kroeker, CEO of Foundation Farms stated "I am pleased to report that, if anything, we may have under-estimated the expectations we have held until now. There is a lot of attention paid to tangible benefits of vertical farming including environmental sustainability, low water useage, ability to convert urban waste spaces to food production, and reduction of food transportation logistics. Our E-ROOTS CENTRES are demonstrating that we can produce plant-based food products whose culinary qualities supercede anything currently available in conventional food markets. We plan to have the same impact on the plant-based food market as angus-beef branding has had on the red meat market. This will soon become even more evident as we are getting ready to announce several new joint ventures."

Yves R. Michel, CEO of GMEV further added, "In just a few short months of production at the Red Deer area vertical farm, Foundation Farms is demonstrating an ability to set a new standard of excellence in this industry and the demand for the products supports profitability projections. With product demand this high for smaller population centers, I am excited to see what happens once some of the larger population centers get hold of this technology.

CONTACT:

Yves R. Michel
Chief Executive Officer and Director
208 East 51st St., Suite 170
New York, NY 10022
www.srcorpgroup.com
OTCPink: GMEV

Forward Looking Statements

Certain statements in this press release constitute forward-looking statements. These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties and on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its latest Annual Report on OTCMarkets.com, its Regulation A+ Offering Statement, and other filings with the Securities and Exchange Commission, including the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as "plans," "anticipate," "believe," "could," "continue," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

SOURCE: GME Innotainment, Inc.

View source version on accesswire.com:
https://www.accesswire.com/655665/Foundation-Farms-Corp-Reports-a-Second-Harvest-is-Currently-Underway

FAQ

What are the latest updates from Foundation Farms under GMEV?

Foundation Farms is experiencing high demand with its second harvest, already sold out, and has expanded its product range significantly.

What products are included in the second harvest of Foundation Farms?

The second harvest includes 14 varieties of leafy greens, strawberries, cayenne peppers, and edible flowers.

How is the E-ROOTS Centre performing?

The E-ROOTS Centre is functioning successfully with minimal labor input and high-quality produce, surpassing local market options.

What future plans does Foundation Farms have?

Foundation Farms plans to announce several new joint ventures aimed at expanding its market impact.

How does Foundation Farms compare to traditional farming?

Foundation Farms aims to set new standards in plant-based food quality and sustainability compared to conventional farming.