Green Planet Group's wholly-owned subsidiary Healing the Earth was awarded a contract to provide a food growing system as part of a $25 million high-tech farming project.
The growing system contract is valued at $13.2 million. The terms of the sale include a 35% deposit of $4.6 million, the second payment of 50% or $6.6 million, when the system is ready for shipment, and a third payment of 15% or $1.98 million when the customer accepts delivery of the working system.
The Healing the Earth team is responsible for managing the design, manufacture, and installation of the special purpose building that will enclose the growing system, including the seeding, harvesting, and packaging areas. Not included in the contract are land acquisition, infrastructure costs, site preparation costs, license fees, etc. The building and growing system is expected to be operational within 10 months after construction commences.
This system will be installed in the town of Gibsland, Louisiana, the original home of the funder, Mr. Gerald Walker. Mr. Walker's goal is to create approximately 150 jobs in an area that needs additional job opportunities and to improve the overall economy in the Bienville Parish. The pay rate for new entry-level employees is budgeted at $15.00 per hour, which is over double the minimum state wage of $7.25. Therefore, hiring and training the required personnel should not be an issue. Mr. Walker stated, "this growing system will provide enough high-quality fresh food to eliminate hunger in this entire region."
The growing system is based upon the patented Healing the Earth technology that can produce all organic, naturally grown vegetables in large quantities that have a high nutritional value and are harvested and distributed daily. These fresh vegetables will include micro-greens, baby leaf and head lettuce, a variety of sprouts, baby and mature kale, baby and mature spinach, etc. All these vegetables are grown in a controlled natural environment that maximizes growth while using 97% less water than field-grown products. If this system was dedicated to growing Romain lettuce, it could produce 36,000 baby heads per day. This technology grows luscious, disease-free vegetables at very competitive prices.
Pat Choate, President/CEO states that "this is just the beginning of our efforts to commercialize our revolutionary food technology. I thank Gerald for selecting Healing the Earth to provide his growing system."
For more information:
Healing the Earth