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Econic Crop Solutions Inc, a Division of ZA Group (OTC PINK:ZAAG), has appointed Jeff Mooij as Chief Visionary Officer. Mooij, a notable figure in the cannabis industry, founded 420 Clinic Ltd. in 2014 and has played a key role in establishing successful cannabis dispensaries in Canada. He emphasizes the potential for cannabis businesses within First Nations communities, given their traditional knowledge and land resources. CEO Wade Eno welcomed Mooij's insights, which are expected to enhance partnerships and accelerate growth in the cannabis sector.
Foundation Farms, a subsidiary of GMEV, and Econic, a subsidiary of ZAAG, have agreed to collaborate on indoor farming technologies. This partnership aims to optimize manufacturing processes for cannabis and leafy greens production, leveraging shared resources like LED systems and equipment. Foundation Farms will lease part of Econic's facility in Alberta to establish its first vertical farm. Both companies anticipate mutual growth through cost savings and market opportunities, enhancing their business prospects in their respective sectors.
Econic Crop Solutions, a division of ZA Group (OTCMKTS: ZAAG), has signed a Letter of Agreement with the Saddle Lake Cree Nation to establish a facility for leafy greens production. This initiative aims to combat food insecurity among First Nations communities, with over 50% of their population affected by this issue. The Saddle Lake Business Group will partner with Sysco Edmonton to provide fresh products to corporate customers. Econic's CEO emphasizes the project's potential for career development and community empowerment, while Foundation Farms will supply the vertical farming technology.
On February 10, 2021, Econic Crop Solutions Inc, part of ZA Group (OTCMKTS: ZAAG), announced the start of manufacturing 10 medical cannabis grow pods. These pods will be deployed in three First Nations communities, enhancing production capabilities. The pods are expected to generate $100,000 in revenue each within three months, targeting $1,000,000 quarterly revenue per group of 10 pods. The company is experiencing strong demand, with requests for 100 pods from each of the communities involved. The strategic expansion aims to ensure controlled and efficient growth.
Econic Crop Solutions, a division of ZA Group (OTCMKTS: ZAAG), has started manufacturing 10 medical cannabis grow pods, with deployment set to begin in early March. The pods will be placed in three First Nations communities where operations are already in progress. The Red Deer, Alberta plant can produce 10 pods monthly. Expected revenues are projected at $100,000 per pod in a three-month growing season, totaling $1,000,000 quarterly for each group of 10 pods. The demand for pods is high, with requests from various First Nations communities being processed.
Econic Crop Solutions, part of ZA Group (OTCMKTS: ZAAG), has successfully completed a $100,000 pilot project at Gitsigukla First Nation in British Columbia. The community, recognized for its cultural leadership, plans to establish a 100 pod commercial indoor grow facility for medical cannabis. The initiative has unanimous support from the band council and will include an on-location dispensary. There are also discussions for Gitsigukla to serve as a regional training center for cannabis production, promising significant employment and career opportunities for local youth.