EVERGREEN-AGRA, INC. (OTCMKTS:EGRN) Files An 8-K Other EventsITEM 8.01 OTHER EVENTS
This MOU is entered into between Evergreen-Agra Global Investments, Inc (EGRN) (EGRN OTCQB) of Irvine, California And Humboldt Industries Limited of Toronto, Ontario (Humboldt).
ERGN have been in discussion regarding an investment by EGRN in the acquisition of 50% of all the outstanding shares of Perfect Plants Holdings B.V. and/or Perfect Plants B.V. of the Netherlands, through Humboldt’s wholly owned Netherlands subsidiary Humboldt Industries B.V. Both parties have expressed an interest in working together to accomplish this and wish to move towards a formal arrangement. EGRN has indicated its willingness to provide capital equivalent of up to a 9.9% equity interest of the acquisition, and to arrange the necessary remain financing required to complete the acquisition. Humboldt has expressed its willingness to entertain such an investment.
Perfect Plants is a company based in Holland which has been in business for over 25 years specializing in botanical tissue culture and young plant technology. The company has sales in excess of Euros 10 Million and operates over 500,000 square feet of fully automated greenhouse facilities in the Holland and South Africa. The company has extensive plant genetic intellectual property, specializing in tissue culture and the supply of uniform quality cloned young plants to farmers that are free of disease and genetic mutations. The company’s clients include large conglomerates such as Monsanto, Syngenta and SIAT. The company intends to grow as an industry leader in the market of botanical and plant delivered drugs by supporting the global pharmaceutical market move from molecular to plant based medicines which market, according to the International Trade Center in Switzerland, exceeds $62 billion. The company has been granted an R&D licence which allows for any activity in relation to the cannabis plant, including extraction technologies, analytics, production that allows for the export and IP-exchange with other jurisdictions of certified quality cannabis material to the global regulated marijuana market.
About EVERGREEN-AGRA, INC. (OTCMKTS:EGRN)
Evergreen-Agra, Inc., formerly Sharprock Resources Inc., is focused on medical marijuana industry. The Company’s subsidiary is Evergreen Systems. The Company was engaged in providing organic veterinary medical products. As of December 31, 2015, the Company had not generated any revenues.