Foundation Farms Corp., Third Growth Phase In Progress: Harvest on Schedule for End of May

Rhea-AI Summary

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.

Positive

• Successful completion of the first two phases of crop production.
• Third phase of crop production shows excellent results.
• First crop harvesting scheduled on time for end of May.
• Growing demand for joint ventures in E-ROOTS CENTRE across North America.
• Management focused on reducing production costs and increasing nutritional content.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Foundation Farms, Corp., ("Foundation Farms") a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV) provided an update today on progress at the company's first E-ROOTS CENTRE located in the Red Deer, Alberta area. The first two phases of crop production have been completed successfully on target, the third phase is in progress with excellent results, and harvesting of the first crop is anticipated on schedule at the end of May. Our farm operators report that the first two phases of our first crop production proceeded flawlessly and that sale of the first crop is already nearing completion. Management further reports that excitement of the company's progress is growing rapidly and requests are now coming in daily from throughout North America for E-ROOTS CENTRE joint ventures.

Ed Kroeker, CEO of Foundation Farms reported, "Our team is committed to excellence in every step we take as we launch into one of the new frontiers of community food production. Our proprietary E-ROOTS technology which we described in an earlier news release is one example of steps we plan to take to revolutionize the industry. We are investigating new ways of streamlining nutrient management along with some new LED technologies that are 20% more energy efficient than current systems in use. Our goals include reducing production costs, further reducing production times, and maximizing nutritional content of end products. Our defining goal is "Excellence through Innovation".

Yves R. Michel, GMEV CEO responded as follows to this latest progress report-"In today's corporate world it is hard to find a business that has an ROI of seven months or less and now the team at Foundation Farms is successfully positioning itself to reduce that time even further, while at the same time finding ways to reduce harm to the environment and the nutritious food that we consume."

CONTACT:

Yves R. Michel
Chief Executive Officer and Director
208 East 51st St., Suite 170
New York, NY 10022
www.srcorpgroup.com
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/647185/Foundation-Farms-Corp-Third-Growth-Phase-In-Progress-Harvest-on-Schedule-for-End-of-May

FAQ

What is the status of Foundation Farms' E-ROOTS CENTRE as of May 2021?

Foundation Farms has successfully completed the first two phases of crop production at its E-ROOTS CENTRE in Red Deer, Alberta, and is currently progressing well with the third phase.

When is the expected harvest date for the first crop at Foundation Farms?

The first crop at Foundation Farms is expected to be harvested by the end of May 2021.

What innovations is Foundation Farms implementing in their operations?

Foundation Farms is implementing proprietary E-ROOTS technology, which includes streamlined nutrient management and new LED technologies that are 20% more energy efficient.

How quickly can Foundation Farms achieve a return on investment (ROI)?

Foundation Farms is positioning itself to achieve a return on investment in seven months or less.

What are the future plans for E-ROOTS CENTRE joint ventures?

Foundation Farms is experiencing growing interest and requests for joint ventures related to its E-ROOTS CENTRE from across North America.