Business
ESG Global Impact Capital Provides Corporate Update
(via TheNewswire) Vancouver, B.C. - TheNewswire - July 22, 2020 (TSXV:ESGW ) and...
About this update from Ai Artificial Intelligence Ventures Inc.
[{"type":"text","content":"ESG Global Impact Capital Provides Corporate Update(via TheNewswire)\n \n \nVancouver, B.C. - TheNewswire - July 22, 2020 (TSXV:ESGW) and (OTC:ESIFF) - ESG Global Impact Capital Inc. (\"ESGW\" or the \"Company\") is pleased to provide an update to the shareholders since the appointment of Todd Violette as CIO on April 7, 2020. ESGW has made fundamental changes to our core business model to begin investing and taking a more active role in developing environmentally friendly business. We are in the process of establishing three new active subsidiaries. Two of the subsidiaries will be focused on cash flow and the third will be an asset builder. ESGW has also maintained its core portfolio business which has been undergoing a change resulting from our revised portfolio management strategy. \n\n \n \nNew Divisions:\n\n \n \nOrganic Fertilizer- ESGW recently incorporated a new subsidiary in British Columbia which will be focused on developing Organic Fertilizer. The base operation for sales, logistics and management of this business will be in the Calgary metropolitan region. We anticipate more details to report in the ensuing weeks.\n\n \n \nConsumer Product Goods (CPG) - With a focus on over the counter products, ESGW Management is reviewing and completing its analysis regarding this division to determine its best domicile. Initial indication is leaning to opening the division in the United States of America because of demographics. The plan will call for building four channels of distribution so as each product being launched by our Team can effectively use the proper channels to ensure the product success. Online sales, Business to Business Sales, Retail/Storefront sales, and direct sales. Each of the distribution channels will be important for the overall success of the newly formed entity \n\n \n \nReal Estate- ESGW is evaluating the acquisition of one or more real estate acquisitions. The Company anticipates utilizing Preferred Shares as part of the purchase consideration for such assets, and accordingly is seeking shareholder approval for the authorization of Preferred Shares as a new class of corporate equity for the Company at its upcoming shareholders' meeting to be held on Monday, August 17, 2020 in Calgary, Alberta.\n\n \n \nFor more information please contact:\n\n\n \nDavid Berg, Interim CEO\n\n\n \nESG Global Impact Capi...