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Contel Enters Multi-Billion Dollar US Produce Market
BLOOMFIELD TOWNSHIP, MI - (NewMediaWire) - May 5, 2017 - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
ProGreen is pleased to announce that Contel has now completed the planting of approximately 1.4 million chili pepper seedlings on 60 of the 100 acres at Arenoso, the first ProGreen Farm, south of El Rosario, Baja California, Mexico. Additional seedlings will be planted on the remaining 40 acres over the coming weeks in order to stagger the harvest for operational efficiency.
The plants, currently about 8 inches in height, will be ready for the first cut of the harvest beginning in July.
This first $1.1M+ chili pepper contract on 100 acres for Agricola Consuela, a direct exporter/importer to the U.S., establishes Contel as a producer in a $12 billion market for imports of fruit and vegetables to the U.S. from Mexico. With an estimated 4,000 - 5,000 acres of farmable land available, Contel has set goals for rapid expansion of the farming operation, with a planned increase of 300% in 2018.
AI
