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Green Planet Group (OTC PINK:GNPG) has signed a Technology License Agreement with New A.G.E. Inc. effective February 28, 2023, marking a significant development for the company. The agreement includes a $2.5 million initial payment and ongoing royalties of 5% of gross sales, with sales milestones projected to grow from $70.4 million in the first year to $3.68 billion over six years. Green Planet retains ownership of its technologies. New A.G.E. is planning a $4.6 billion Private Placement and the renovation of a 3.5 million sqft facility, enhancing operational capacity.
Green Planet Group (OTC PINK: GNPG) announced a ten-year distributor and manufacturer agreement with NEW A.G.E. Inc. to enhance the production and distribution of Healing the Earth's food growing systems. This collaboration aims to establish sales, marketing, and service centers, leveraging a $2.5 million convertible loan to accelerate product development. The partnership focuses on addressing global hunger and food security, with potential renewal options extending the collaboration to a total of 40 years.
Green Planet Group (OTC PINK: GNPG) announced the sale of a high-speed growing system from its subsidiary, Healing the Earth, to HG Livestock, LLC. Valued at $90,000, this system aims to grow barley fodder for beef cattle at a Colorado farm. The system will support 12 animals and seeks to validate its effectiveness in high elevations. Colorado's beef industry, valued at $4.0 billion, faces challenges due to widespread drought.
CEO Steve Hammers emphasized the system's water efficiency, using only 3% of the water compared to traditional methods.
On January 18, 2022, Green Planet Group (OTC PINK: GNPG) announced a significant contract awarded to its subsidiary, Healing the Earth. The contract involves providing a food growing system for a $25 million high-tech farming project, valued at $13.2 million. Payments include a $4.6 million deposit, $6.6 million upon shipment readiness, and $1.98 million at delivery acceptance. The project, located in Gibsland, Louisiana, aims to create 150 jobs with a pay rate exceeding the state minimum wage. The patented system promotes efficient organic vegetable production, using 97% less water than traditional methods.
Green Planet Group (OTC PINK: GNPG) has launched its urban farm operation under the brand name Healing the Earth Farms. Utilizing patented technology, the farm aims to produce 100% organic food using 97% less water, no soil or chemical fertilizers, and accelerating growth times by up to 300%. The farm will initially grow micro-greens and plans to deliver 8,500 units monthly to upscale grocery chains. Projected monthly revenues are $21,000, which are expected to increase with further operational expansion.
Green Planet Group, Inc. (OTC PINK:GNPG) announced that its subsidiary, XenTx Lubricants, has received necessary approvals from the Nigerian government to sell seven products through its distributor, FirstHypo Tech Ltd. The initial order is valued at $1,000,000, with future orders expected to reach $2,500,000. The distribution agreement ensures full payment before shipment. FirstHypo's chairman anticipates strong demand for American-made products in Nigeria, supported by a potentially expanded market in other African nations.
Green Planet Group (OTC PINK:GNPG) announced its subsidiary Healing the Earth has developed an organic farming system generating nearly 60,000 carbon credits annually. This initiative aligns with President Biden's net-zero emissions goal by 2050, while offering farmers a new revenue stream. The system utilizes 97% less water than traditional farming, producing 32 tons of food daily. Given Arizona's severe drought conditions, this innovation addresses critical resource shortages, emphasizing the company's commitment to sustainable farming and climate change mitigation.
Green Planet Group, Inc. (OTC PINK:GNPG) announced on June 9, 2021, that it has secured substantial funding to support its growth and move toward profitability. The capital will be allocated for various purposes, including completing its new headquarters, launching an urban farm projected to generate monthly revenues of $37,000, and enhancing marketing efforts. Additionally, the company plans to optimize its accounting system to leverage a $21.6 million Non-Operating Loss (NOL) Carryforward. CEO Edmond L. Lonergan emphasized that this funding enables management to focus on technology development and company growth.