Agriplay, under a Territory Licensing Agreement, has secured a Territory Licensee for the province of Manitoba for a period of ten years from the date of execution of the license agreement. The target territory contains an estimated population of 1.37M in 2023 and was valued at approximately $154K.
Ionplay is a company dedicated to solving food security and reconnecting people to food, including Indigenous peoples. Through this partnership with Agriplay, Ionplay and its partners will work with the Red River M é tis people and other Indigenous groups to set up sustainable indoor farms within Manitoba. This will create a new ecosystem of jobs in the rapidly growing controlled environment agriculture (CEA) industry. Working on projects both on and off First Nations lands, Ionplay and its partners will onshore food production and work towards restoring traditional First Nations food crops year-round.
Agriplay defines a territory as a legally recognized jurisdiction inside of any country, including but not limited to municipalities, counties, provinces, states, and/or the entire country itself. Within the agreement, Agriplay will supply all of the materials and equipment necessary to plug'n'play the urban indoor farm into commercial assets within the Manitoba territory, as well as provide support for the system. Under the agreement, Ionplay has full exclusive control over the territory to set up operations using Agriplay's proprietary technology and set up inter-territory partnerships to the benefit of Ionplay.
"We are honored to be a part of Ionplay's initiative in restoring food security to Indigenous peoples. Their dedication to connecting people to food and their commitment to sustainable farming practices aligns with our mission of bringing together agriculture 2.0 and the traditional practices of First Nations peoples. We look forward to working with Ionplay and its partners to build a stronger, more sustainable future for all Canadians." says, President of Agriplay.
RRead more at investorsobserver.com