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VANCOUVER, BC / ACCESSWIRE / October 15, 2015 / New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE: ONF) (www.newagefarminc.com) (#NWGFF) ("New Age Farm" or the "Company") is pleased to announce the contractor has completed the installation of security fencing at its Sumas, WA green campus as described in our July 16, 2015 news release. The fencing, required under Washington State Initiative 502 regulations, is eight feet high and combines mesh and fabric fencing panels with a barbed-wire fencing topping to create an anti-climb security fence that blocks view into the green campus and surrounds the entire facility perimeter to prevent unauthorized access, as shown in the photos below.
Carman Parente, CEO, commented, "Now that the perimeter fencing is in place, we can focus our efforts on the buildout for our first tenant grower. We are looking forward to getting the Sumas green campus up and running as soon as possible."
About New Age Farm
Through its wholly-owned subsidiary, NHS Industries Ltd. ("NHS"), New Age owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 square foot greenhouse facility, capable of growing 2.4 million 4" potted plants annually. NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. The facility is located minutes from three major Canada - USA border crossings and direct routes to the lower mainland west and to all points east and west along 16th Ave to Hwy 99 and to Hwy 1 make its location in South Langley an ideal hub. NHS intends to become a beta site for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all its on-site operations. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste.
Through its Washington State subsidiary, New Age Farm owns a second property that is located in Sumas, WA, where it intends to offer fully built out turnkey service operations to licensed I-502 tenant-growers who will lease the facilities for production and processing. With two leases already in place, operations in Washington State are expected to begin as soon as the Company completes its first build out.
About the Washington I-502 Marijuana Market
In November 2012, the Washington State Liquor Control Board ("WSLCB") passed Initiative 502 ("I-502") pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 - $1.5 Billion USD in annual sales.
For further information about New Age Farm, please consult the Company's profile on SEDAR at www.sedar.com.
New Age Farm Inc (NWGFF) is a fresh new play with a small market cap, an extremely low float and a level 2 so thin it will make your head spin when you see how fast this play could move.
As you can see in the chart, volume has come in recently and is well supported around the $0.05 area.
With more volume coming in I believe we could see $0.10+
Interestingly the company recently raised funds at $0.15 earlier this year. Investors and traders can buy at around $0.05 today - a massive discount.
New Age Farm (NWGFF) is an innovative agricultural services company that provides turnkey growing infrastructure and services.
From start-up costs through to ongoing production, financing grow operations can be difficult. But, for New Age Farm’s tenant-grower clients it is simple. Their clients enter a fully-built, commercial-scale operation with no initial cost to them, they just need to show up, flip the switch and plant their seeds. Once New Age Farm clients have their license, they can be in business immediately.
NWGFF currently has two green growing campuses. They are located minutes from each other on either side of the Canada-US border within the fertile Fraser River delta. All New Age Farm campuses emphasize profitability and are optimized for low-carbon, sustainable operations.
Through its wholly-owned subsidiary, NHS Industries Ltd. NWGFF owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 square foot greenhouse facility, capable of growing 2.4 million 4" potted plants annually.
NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. The facility is located minutes from three major Canada - USA border crossings and direct routes to the lower mainland west and to all points east and west along 16th Ave to Hwy 99 and to Hwy 1 make its location in South Langley an ideal hub.
NHS intends to become a beta site for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all its on-site operations. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste.
Through its Washington State subsidiary, NWGFF owns a second property that is located in Sumas, WA, where it intends to offer fully built out turnkey service operations to licensed I-502 tenant-growers who will lease the facilities for production and processing. With two leases already in place, operations in Washington State are expected to begin as soon as the Company completes its first build out.
In November 2012, the Washington State Liquor Control Board ("WSLCB") passed Initiative 502 ("I-502") pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 - $1.5 Billion USD in annual sales.
For more info on NWGFF, visit their website at http://newagefarminc.com/
We think with its thin level 2 and ultra small float, NWGFF could deliver some serious gains tomorrow and the coming days.
Make sure you do your due diligence and be ready in the morning. As always I will update you with any new developments or news from the company.
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