One Step Vending Corp. (KOSK), Executes its Second Vertical Farm Order after Acquiring 51% of Light Leaf Farms, Corp., Further Increasing 2022’s Forecasted Revenue

Rhea-AI Summary

One Step Vending Corp. (KOSK) announced the execution of its second vertical farm order following its acquisition of 51% in Light Leaf Farms (LLF). This strategic move is expected to enhance revenues for 2022 as LLF manages daily operations of the jointly-owned vertical farms. The new warehouse farm, set to operate by July 2022, is forecasted to generate approximately $522,068 annually, nearly double the output of the previous modular farm. Revenue from co-owned farms will be shared equally between KOSK and LLF, potentially reaching $783,101 yearly.

Positive

• Acquisition of 51% in Light Leaf Farms enhances operational capacity.
• Second vertical farm projected to generate $522,068 annually, increasing overall revenue.

Negative

• None.

Harrison, NY., March 23, 2022 (GLOBE NEWSWIRE) -- One Step Vending Corp. (OTC: KOSK) (“KOSK” or “the Company”), a company specializing in emerging industries acquisitions with an emphasis in marketing and distributing produce, as well as the self-serve vending market, executes its second vertical farm order after acquiring 51% of Light Leaf Farms, Corp. (“LLF”), increasing its current anticipated revenue for 2022.

After the Company’s first vertical farm order, a modular farm through its strategic partner E-Roots Manufacturing, Inc. with anticipated delivery within the month of April and a summer 2022 harvest, the Company executed a second vertical farm shortly after acquiring 51% of LLF through a joint venture.

The joint venture is agreed to have LLF operate the day-to-day operations on the jointly-purchased vertical farms while the Company markets and distributes the harvested produce. Both, LLF and the Company, will disburse revenues divided 50/50 from all built, purchased, and leased co-owned vertical farms.

The Company’s second farm, a warehouse farm and first joint farm with LLF, is estimated to be operational by July 2022 with its first harvest expected early fall 2022. With almost twice as many towers as a module farm, a warehouse farm is projected to yield approximately $522,068 per year; a considerable increase in revenue compared to the standard module farm generating roughly $261,034 (correct amount). The additional farm will position the Company, through the Company’s 51% acquisition of E-Roots Systems (Abbotsford), Ltd., announced early March 2022, to receive its share of the divided revenue 50/50 from the forecasted $783,101 each year.

The Company looks forward to sharing updates as they progress.

About Light Leaf Farms, Corp.

Light Leaf Farms, Corp. is the beginning of a family farm focused on offering fresh produce to the community. Founded by the second generation of poultry farmers supplying Fieldale Farms.

About One Step Vending, Corporation (KOSK)

One Step Vending, Corp. is a holding company focused on the acquisition of market-changing and disruptive business models with an emphasis in the marketing and distributing produce as well as in the self-serve vending market. Currently One Step Vending, Corp. owns 51% of E-Roots Systems (Abbotsford), Ltd. markets and distributes the produce from vertically integrated farms purchased from E-Roots Systems, Inc., owns 10 vending machines designed to offer CBD and potential cannabis products.

For more information visit: http://www.onestepvending.com

SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange — including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions — are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.

Company Contact:
Ronald Minsky, President
600 Mamaronek Ave,
Harrison, NY 10528
info@onestepvending.com
212.381.8029 Office

FAQ

What is the significance of One Step Vending Corp.'s acquisition of Light Leaf Farms?

The acquisition allows One Step Vending Corp. to enhance its operational capacity in the vertical farming sector and boost revenue potential for 2022.

How much revenue is expected from the new vertical farm?

The new warehouse farm is projected to generate approximately $522,068 annually, significantly increasing revenue compared to the previous modular farm.

When is the new vertical farm expected to be operational?

The warehouse farm is expected to be operational by July 2022 with the first harvest planned for early fall 2022.

How will revenue be shared between One Step Vending Corp. and Light Leaf Farms?

Revenue from co-owned vertical farms will be divided equally, with both companies receiving 50% of the earnings.

What is the total annual revenue forecast for both vertical farms operated by One Step Vending Corp.?

The total annual revenue forecast from both vertical farms is approximately $783,101, with each company receiving half.