Emergence Global Enterprises has purchased automated vertical farming technology from O’ Grow Investments of Edmonton, AB to expand its recent purchase of its Aquaponics Vertical Farm in Strathcona County, AB.
The value of the purchase is 10,850,000 shares of the Company for 150 vertical farming systems at a value of $.14 per share. This opportunity was presented to Emergence through the consultancy of P&C Ventures Inc.
"The purchase of this complete Commercial Automated Growing Systems using vertical farming technologies and innovations will allow for an immediate expansion and ramping up of production in our Aquaponic Vertical Farm. The commercialization of this project will provide an excellent addition to our fresh nutrient-dense locally grown food and nutraceuticals programs," said Joseph Byrne, CEO.
On April 12, 2022, the company announced that Rick Purdy will become the President of Emergence Global Enterprises. In his role, Rick will oversee the day-to-day direction of the company, focusing on our emerging technologies and business in Western Canada. Mr. Purdy will report to Joseph Byrne, the CEO, and Chairman of the Company. The Company also finalized its first set of management contracts that were effective April 1, 2022. In total, the Company has issued 15,000,000 shares to its Management Team that will vest over the next 12 months and are subject to customary terms and conditions of employment.
Mr. Rick Purdy, age 46, has been President of J-CAL Investments, an Alberta-based investment corporation that has developed and grown multiple companies from concept to commercialization. Rick is also involved with real estate development, oil, and gas environmental technologies, and nutraceutical natural health products. He founded Canada’s largest and first commercial-scale indoor aquaponic vertical farm over 12 years ago outside of Edmonton, Alberta.
For more information:
Emergence Global Enterprises
www.emergenceglobalinc.website