One Step Vending, Corp. (KOSK), Enters into a Joint Venture LOI with Foundation Farms 2021, Corp., a Vertical Growing Farming System

Rhea-AI Summary

One Step Vending Corp. (OTC: KOSK) announced a joint venture Letter of Intent with Foundation Farms 2021, Corp. to enter the fruit and vegetables industry. The partnership aims to leverage Foundation Farms' 90 operating tower farms in Lomb, Alberta, known for their high yield in limited space. President Ronald Minsky highlighted the potential benefits for the Company and its shareholders, expressing optimism about the emerging technology in vertical farming.

Positive

• Entered a joint venture Letter of Intent with Foundation Farms 2021, Corp. to tap into the fruit and vegetables sector.
• Potential for high yield farming through Foundation Farms' established operational tower farms.

Negative

• None.

Harrison, NY., March 01, 2022 (GLOBE NEWSWIRE) -- One Step Vending Corp. (OTC: KOSK) (“KOSK” or the “Company”), a company specializing in emerging industries acquisitions with an emphasis in the self-serve vending market, announces it entered into a joint venture Letter of Intent with Foundation Farms 2021, Corp. (“FFC”), positioning the Company to enter the fruit and vegetables industry.

Ronald Minsky, KOSK’s president stated, “After seeing Foundation Farms,Corp.’s current 90 operating tower farms in Lomb, Alberta and seeing their high results in yield within a compact space, management saw an opportunity within this unique emerging technology. We are currently in discussions of a potential joint venture that’ll mutually benefit the Company and its shareholders. I look forward on sharing updates as we progress”

About Foundation Farms 2021, Corp.

Foundations Farms focuses on creating worldwide farming systems the produce organic fruits, vegetables and herbs while maximizing their nutrient content, providing product traceability and most important maintaining environmental sustainability through its modular vertical farm joint venture partnerships.

For more information visit: https://www.foundationfarms2021.com

About One Step Vending, Corporation (KOSK)

One Step Vending Corp. is a holding company focused on the acquisition of market-changing and disruptive business models. The Company supports subsidiaries with key financial, sales, marketing, and operational changes designed to accelerate growth and shareholder value.

For more information visit: http://www.onestepvending.com

SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange — including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions — are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.

Company Contact:
Ronald Minsky, President
600 Mamaronek Ave,
Harrison, NY 10528
info@onestepvending.com
212.381.8029 Office

FAQ

What is the recent joint venture announcement by KOSK?

One Step Vending Corp. announced a joint venture Letter of Intent with Foundation Farms 2021, Corp. to enter the fruit and vegetables industry.

How does KOSK plan to benefit from the partnership with Foundation Farms?

The collaboration is expected to leverage high yield vertical farming technology, which could potentially increase shareholder value.

What industries is KOSK focusing on with this joint venture?

KOSK is focusing on the fruit and vegetables industry through its partnership with Foundation Farms.

When was the joint venture announcement made by KOSK?

The announcement was made on March 01, 2022.

What is the significance of Foundation Farms' tower farms for KOSK?

Foundation Farms operates 90 tower farms known for their high yield, presenting a significant opportunity for KOSK in the emerging vertical farming sector.