Transglobal Asse - TMSH STOCK NEWS

TransGlobal Assets Inc. (TMSH) has inked a Development Agreement with Merati Homes LLC to construct 50 housing units at its South Haven Hemp Ranch. The project, costing $10 million, includes $7.5 million for homes and $2.5 million for infrastructure. Rental profits will initially be shared 30%-70% between TMSH and Merati, shifting to 50%-50% after Merati recoups costs. The development supports a vertically integrated business model featuring commercial greenhouses and hemp cultivation, aimed at creating a sustainable community in Michigan.

TransGlobal Assets Inc. (TMSH) has successfully acquired 60 acres of land in Costilla County, Colorado, aimed at furthering its agriculture and technology initiatives. CEO Curtis Philpot emphasized the strategic importance of this investment in industrial hemp and other growth areas. The Company plans to develop an agriculture and technology hub and has started work on a Hemp Ranch in South Haven, MI, with state approval for hemp cultivation. TMSH also seeks retail space for its Monster Elixir wellness brand in Ann Arbor, MI.

TransGlobal Assets, Inc. (OTC PINK: TMSH) has been registered as a Hemp Grower by the State of Michigan for its South Haven property, marking a significant milestone in The Hemp Ranch project. The company plans to start Hemp production in spring 2023 on an allocated 10 acres. An agreement with Steiner Associates has been signed for project management, and a topographical survey will be conducted by Nederveld. TMSH aims to develop CBD products through its subsidiary, Monster Elixir, while applying for trademarks to protect its brand.

TransGlobal Assets Inc. (OTC Pink: TMSH) has partnered with Steiner Associates, a Michigan-based architectural firm with over 40 years of experience, to develop its Hemp Ranch project. The team recently assessed the 60-acre site, which is strategically located in a tourist-friendly area with natural water resources. The initial phase will take 18 months to complete, featuring greenhouses and mini homes, followed by additional construction over the next 6 months. Preliminary site planning is set to begin within three months.