GMEV on our screen again today after 20% upside yesterday
Published: Thu, 09/02/21
![]() Subscribers, Yesterday morning we alerted you to GMEV. It gave us a nice dip buying opportunity and up to 20% gains were on offer. We could see more upside today, so I am strongly focused on GMEV again. GMEV is breaking out technically, and we think there is a lot of upside potential. And here is the news GMEV announced earlier this week... Foundation Farms, Corp., Announces Equipment Purchase of 450 Vertical Towers in British ColumbiaNEW YORK, NY / ACCESSWIRE / August 31, 2021 / Foundation Farms, Corp., (the "Company" or "Foundation Farms") a subsidiary of GME Innotainment, Inc. (OTC PINK:GMEV) today announced that the company has issued the equipment purchase order for a 450 tower vertical farm to be located in Abbotsford, British Columbia. Early details of the project were disclosed in a previous news release in July and management is pleased to report that a new business plan, prepared by an independent third party, confirms previous profit projections. Gross margin is expected to be $445,000 per year or 98% of sales. The joint venture is expected to generate a net profit of $113,000 per year or 25% of sales and payback on capital is expected to be achieved within the first two years of operation. These numbers are based on the actual long-term experience of the Company's technology suppliers with further confirmation from the Company's own experience over the past four months with its first Red Deer area vertical farm.The Company is also pleased to introduce its joint venture partner-Life Leaf Gardens. The main principals of Life Leaf Gardens, Bobby James and Christina Sing, have been a prolific video marketing team and band for over 17 years. They have been affiliated with countless corporate entities through video production, show development, soundtrack composition, and performance. After visiting the Company's Red Deer area facility they were captured by a vision, now documented in their own media presentation-"use locally grown produce to cement ourselves as a trusted food source, building a lifestyle retail brand that provides nutritious food and local sustainability". Under the terms of the joint venture agreement, Life Leaf Gardens is committed to the purchase of 100% of the products from the Abbotsford operation; they have also offered the same commitment for all future Foundation Farms facilities throughout North America. When asked to provide comments on this latest news, Ed Kroeker, CEO of Foundation Farms stated, "We are extremely excited about this new launch. We had great expectations when we launched our first vertical farm earlier this year; those expectations were exceeded. Now we are capitalizing on our success to build a second project that has five times the revenue capacity of this first vertical farm. Simultaneously, we are privileged to welcome a high profile joint venture partner that shares our vision and carries the tools to get our message out to the whole world. One of their own media statements summarizes their approach-‘We believe that every business, product and personality is a manifestation of someone's heart and soul. We take pride in showcasing these dreams through sight and sound, so they can be shared with the world. Our specialty is creating video and audio alongside one another so that your vision has emotional, resounding effects." Yves R. Michel, CEO of GMEV added, "I have been excited to witness the growth of Foundation Farms over the past six months and I have great expectations moving forward. This new venture is poised to elevate the company to a very high profile in the vertical farming sector during the next six months. It has a strong financial plan and a high profile joint venture partner to make it happen." https://finance.yahoo.com/news/foundation-farms-corp-announces-equipment-111500023.html About GMEV GME Innotainment, Inc. (GMEV) through its subsidiary, Foundation Farms, Corp., embraces today's key consumer food demands —optimized nutritional content, source traceability, organic production without pesticides, and environmental sustainability. We are committed to further establishing the AeroPod Production Systems across the country and is a licensed partner and acquirer of revenue-generating farming technologies and operations World-Wide. We aspire to produce food at the highest quality with the lowest environmental costs. GMEV also holds the license to market, sell and maintain a unique patented water purification and filtration system that is customizable and available in both mobile and stationary configurations. The Water Purification Unit (WPU) is designed to be both an emergency response water delivery system, as well as, a permanent solution for drinkable water. The versatile WPU is poised to address the global challenges associated with clean water within many of these target markets: agriculture, aquaculture, disaster response and relief, emergency preparedness, laundry services, energy, food and beverage, healthcare, industrial, marine, mining municipal and government, non-government organizations, correctional facilities, hotels and resorts, institutions of higher learning, public and private water authorities. Foundation Farms Corp Foundation Farms, Corp., ("Foundation Farms") a subsidiary of GME Innotainment, Inc. ("GMEV") is committed to further establishing the AeroPod Production Systems across the country and has come upon powerful connections within the province of Alberta and surrounding areas. Foundation Farms, Corp., ("Foundation Farms") a subsidiary of GME Innotainment, Inc. ("GMEV") embraces today's key consumer food demands —optimized nutritional content, source traceability, organic production without pesticides, and environmental sustainability. At Foundation Farms, we believe that sustainability involves the wise application of today's technologies for localized food production without sacrificing profits. We are working to be at that forefront of providing locally grown vegetables where the consumer does not need to rely on the continuous delivery of perishable items domestically, let alone from international sources. Today, thousands of acres of vegetables and produce are rotting or being plowed under because the food supply delivery chain, farm to table, takes too long. Learn more about Foundation Farms Corp at https://www.foundationfarms2021.com/ All the best. SmallCapMomo.com picks@smallcapmomo.com --------------------------------------------------------------------------------------------------------
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