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ZA Group (OTCMARKETS: ZAAG) has announced the rescission of its agreement with Econic Crop Solutions for cause. The company aims to refocus on the development of its other subsidiaries while anticipating future growth and possible acquisitions within this sector. ZA Group expresses goodwill towards Econic Crop Solutions and its management for their future endeavors. The press release also includes forward-looking statements emphasizing that actual results may differ from anticipated outcomes due to various factors.
ZA Group, Inc. (OTCPINK: ZAAG) has acquired Forever Brands, which holds a license for the Casa Zeta-Jones brand to create an online women's shaving regimen. This addresses a rapidly growing market, valued at over $12 billion, with women accounting for approximately $3.3 billion of it. Currently, less than 1% of women are subscribed to shaving clubs. The new product line will feature luxurious shaving products designed to transform the shaving experience. The subscription-based model aims to tap into this underserved segment, with expectations of significant success.
ZA Group (OTCMARKETS: ZAAG) announced its acquisition of NFID, a direct-to-consumer active lifestyle brand, on October 12, 2021. NFID specializes in apparel and accessories, rooted in surf, skate, and wellness cultures. CEO Bill Bollander expressed enthusiasm for expanding the brand's reach with ZA Group's support. The online fashion industry is projected to grow significantly, with estimates reaching over $758 billion by the end of 2021. This partnership aims to enhance NFID's digital presence and sales potential, utilizing collaborative efforts with artists and influencers.
Econic Crop Solutions, a division of ZA Group (OTCMKTS:ZAAG), is expanding its partnerships with First Nations communities to enhance financial self-sufficiency and employment. The company is experiencing success with its grow pods for producing cannabis-derived traditional medicines, with the largest harvest expected in three weeks. The initiative promises an economic boost of $1.6 million annually per community through a minimum of four grow pods, with plans to launch dispensaries as demand grows across these communities.
Econic Crop Solutions, a division of ZA Group (OTC PINK:ZAAG), is launching a new round of cannabis harvesting across its expanding network of grow pods in First Nations communities in western Canada. The demand for their premium cannabis cultivars is reportedly significant, with all harvested products destined for First Nations dispensaries in British Columbia, Alberta, and Saskatchewan. CEO Wade Eno highlighted the exceptional production performance and stability in yield from their pods, while President John Morgan anticipates further expansion throughout North America.
Econic Crop Solutions Inc, a division of ZA Group (OTCMKTS: ZAAG), has entered a joint venture with Burnin Grass Boutique to supply wellness products to First Nations dispensaries across Canada. The agreement supports the company's commitment to quality control in the cannabis industry, enhancing its presence in a market with over 150 indigenous dispensaries. This venture is expected to meet high demand for wellness products rooted in traditional medicine, ensuring quality assurance. CEO Wade Eno expressed optimism about the venture providing a stable market for production.
ZA Group Inc. (OTC: ZAAG) has announced the acquisition of a Bellanca Cruisair aircraft worth approximately $100,000. This new asset will enable efficient transport of up to 500 pounds of products, potentially generating $1,000,000 per trip based on market values. The aircraft will facilitate direct deliveries between Canadian First Nation communities, avoiding provincial road constraints. CEO Wade Eno highlighted the growing demand for their services, while President John Morgan emphasized the strategic planning behind this acquisition to enhance shareholder value.
Econic Crop Solutions Inc, a subsidiary of ZA Group (OTC: ZAAG), is experiencing a surge in demand from First Nations communities in Western Canada for cannabis products. Due to a significant increase in pre-orders, the company plans to expand operations and open new dispensaries. With a backlog of approximately 330 grow pods and projected revenue of $132 million annually, Econic's CEO highlighted the unique market opportunity. The global legal marijuana market is anticipated to reach $84 billion by 2028, indicating a lucrative landscape for the company.
Econic Crop Solutions, a division of ZA Group (OTC PINK:ZAAG), has secured over $500,000 in equity financing through a private placement. This funding will support the manufacture and deployment of grow pods, each generating $100,000 annually from joint venture leases. Currently, three pods are operational, with ten more completed and in deployment. The company expects to achieve self-financing and significant profits by the end of 2021, projecting asset growth exceeding $5,000,000.
For more details, visit www.theeconicedge.ca.
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