TransGlobal Assets Inc (TMSH)

[Backstabbed]

$TMSH NEWS!!!! TransGlobal Assets Inc. (OTC: TMSH) Enters Into A Development Agreement With Merati Homes LLC

Housing Development Joint Venture

https://www.otcmarkets.com/stock/TMSH/news/story?e&id=2112626

Ann Arbor, Michigan, Jan. 26, 2022 (GLOBE NEWSWIRE) -- TransGlobal Assets Inc. (OTC Pink:TMSH) is pleased to announce that it has entered into a Development Agreement with Merati Homes LLC (www.meratihomes.com), a modular real estate developer, to provide 50 housing units in addition to the necessary infrastructure as part of a master planned community at its South Haven Hemp Ranch. TransGlobal Assets shall provide a portion of the land with Merati Homes providing planning, development, construction and limited management services associated with the homes to be designed within their existing geographic nature among approximately 15 acres. These studios, one bedroom and two bedroom homes will be available for both short term and long term stays and are expected to be a base for people to enjoy the ranch, Lake Michigan, and all of the surrounding activities and festivals.

South Haven Hemp Ranch is to adopt a vertically integrated business model and will include a self-sustaining community of superior modular homes offering off-grid style living. It will consist of Commercial Greenhouses for year-round agriculture production and 10 acres registered for outdoor hemp cultivation, all located in picturesque SOUTH HAVEN, Michigan.

Pursuant to the agreement, TransGlobal will provide the highly sought after land in South Haven whereas Merati Homes will be responsible for the construction costs of the 50 homes which is expected to be $7.5 million with infrastructure costs being an additional $2.5 million. Profits from the rental units will be split 30%-70% between TransGlobal and Merati respectively until Merati recoups their development costs then it will be evenly distributed to 50%-50%.

TransGlobal Assets Inc. is a publicly traded Hemp/CBD holdings company. Our business model self-sustaining Hemp Ranches. Each hemp ranch will be vertically integrated from acres allocated, to outdoor cultivation and indoor greenhouses, to warehouses for processing farm grown hemp into textiles, hempcrete & plastics. The Hemp Ranch will provide raw products for processing the all-natural product lines to be sold through Monster Elixir, a wholly owned subsidiary of TransGlobal Assets Inc. Monster Elixir products include, but are not limited to, Green Essence Beverages; an all-natural CBD infused lemonade, and Crown Care; an all-natural Hemp infused hair care line.

Merati Homes is a modular home builder and sustainable community developer. Merati works with government entities and property owners to design, develop, and manage master-planned communities that are modern and environmentally sustainable.

Curtis Philpot, CEO of TransGlobal Assets Inc., states, ”I look forward to this symbiotic relationship with Merati Homes. This is a perfect deal that will generate substantial revenues for our shareholders.”

Please visit our website https://www.transglobalassets.com/ for more information about TMSH and all its holdings.

For further inquiries, please contact:
Curtis Philpot, CEO
TransGlobal Assets Inc. (OTC Pink: TMSH)
[e-mail]