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ITOCO ENTERS INTO JV WITH LARGE NOPAL CACTUS PRODUCER IN PORTUGAL
ITOCO ENTERS INTO JV WITH LARGE NOPAL CACTUS PRODUCER IN PORTUGAL.
About this update from Itoco Inc
[{"type":"text","content":"TORONTO, CANADA / ACCESSWIRE / AUGUST 17, 2022 / ITOCO INC. (OTC: ITMC) is pleased to announce it has entered into a Joint Venture (JV) with Diálogos do Bosque, Unipessoal Lda, a large Nopal cactus farm and processing company in Alentejo-Cortiçadas de Lavre, Portugal (approximately 100 kilometers east of the capital Lisbon).The JV was facilitated through ITOCO’s Portuguese subsidiary Colorful Euphoria Lda.Nuno Pires, Principal of Diálogos do Bosque (DB), will become President of the JV and has joined ITOCO as Chief Technology Officer. Nuno brings a wealth of experience which will greatly help ITOCO, the world leader in the propagation, genetic research, cultivation, and processing of Nopal cactus.As ITOCO’s “Soil Rescue Program” continues to gain global attention, the company’s reputation will benefit from Nuno’s knowledge, skills, and network of academics, industry contacts, and agronomists. Diálogos do Bosque will be the primary supplier of starting material (cladodes) and prickly pear concentrate, which ITOCO will sell as a part of its revenue streams. ITOCO is fielding an increasing number of inquiries for cactus starting material under its Soil Rescue Program, and the juice concentrate will supply the rapidly growing prickly pear beverage category.Nuno has been growing organic Nopal cactus for the past 10 years, and through his R&D, he is producing varieties that excel in fruit production, quality, and disease resistance – establishing him as a leading producer in Portugal.His background in Mechanical, Electronics and Computer Technologies was, and continues to be, a determining factor in the development of innovative technology and machinery that contribute to greater effectiveness, efficiency, and quality to the production processes of DB’s several products and sub-products of the Nopal cactus.Diálogos do Bosque has been a pioneer in Portugal in several areas:2013, the company develop a first-of-its-kind machine specifically to clean the prickly pears of their spines.2015, it was the first prickly pear farm in Portugal to obtain the Global G.A.P international certification.2015, it obtained authorization for the first Opuntia fiscus-indica nursery in Portugal.2015, DB was a pioneer in the use of the European plant passport/phytosanitary certificate.2016, Nuno implemented the first ...