The long-term sustainability of this stock is why I'm here I keep adding I make small play on other stocks just to get more of this one. Look how far we have come in such a short time share price will soon catch up....
Highlights of ProGreen's Agricultural Investment Project
2016 - JV w/Contel, with nearly 14,000 acres under control and 4,000-5,000 acres estimated farmable, depending on availability of water; ample water proven and first-pass cleared for farming on the first 300-acre tract, plus 11-mile road cleared for access to the 1900-acres.
Jan 2017 - Contel entered into the agricultural market and signed $1M+ produce sales agreement with exporter/importer to US market, having estimated net margin of 55-60%; this first grow cycle for the operation estimated to produce millions of pounds of chili peppers; profits to be split 50/50 between ProGreen and Contel, with ProGreen recovering 100% of its investment prior to profits being distributed.
Feb/Mar 2017 - first farm on the 300-acre tract dubbed "ProGreen Farms™ Arenoso," combining the trademark name of ProGreen Farms with the local name, Arenoso, east of El Rosario on the main highway. Seeds planted at the Baja Plants nursery & preparation of the land for planting; complete irrigation system installed from pumps to pipes to drip irrigation tubing and valves, 1,000's of feet of 8-inch pipe buried and many more 1000's of feet of above-ground drip irrigation tubing laid, after 100's of truckloads of rocks removed with the virgin soil turned over 3 times.
May/June 2017 - pepper seedlings planted on the farm in stages, for a staggered harvest expected to generate first revenue from the company's Baja investments beginning July/August through November; 1.9 million seedlings planted.
July/August 2017 - Arenoso farm a showcase operation from the start, attracting much attention during land preparation and irrigation installation, and now with interested parties coming to the farm with demand for produce as well as farmland for growing; harvest started and in full swing, now; plans underway for expansion, including some new land prepared as well as methods and processes for dramatic increase in yield on parts of the land already in use - and providing longer or additional growing seasons.
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