Business
LVGI Subsidiary, Summit Harbor Holdings, Secures Memorandums of Understanding With Three Companies in the Emerging Health and Sciences Sector
LVGI Subsidiary, Summit Harbor Holdings, Secures Memorandums of Understanding With Three Companies in the Emerging Health and Sciences Sector.
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"\nTulsa, OK, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Limitless Ventures Group, Inc. (OTC PINK: LVGI), through its wholly-owned subsidiary, Summit Harbor Holdings, Inc. (SHHI), has secured memorandums of understanding (MOU) for the majority ownership of three organizations that further its mission to acquire companies that meet the needs of the emerging and innovative health and sciences sector, including cannabis and industrial hemp, and provide long-term value for shareholders.  \n These companies include: Emergent Design-Build Solutions – an architectural and construction firm specializing in the development of cannabis and hemp related businesses. Vertical Farm Mechanics – an innovator of new agricultural technologies.New Horizon Farms and Grand Lake AG – operations specializing in the farming and processing of hemp products. Based on historical projections and program customizations made by SHHI and New Horizon Farms, LVGI projects returns of $95,000 per harvested acre. New Horizons Farms has commitments for 2,000 acres of land, which is projected to be under contract by the end of April 2019.  “There is no shortage of farm land available to our team, growth is endless thanks to a state with a strong history in hemp farming and passage of the 2018 Federal Farm Bill,\" said Summit Harbor Holdings VP and COO Matthew Habuda. Complete details of these companies and their operations will be fully disclosed once \"Due Diligence\" is completed and an acquisition agreement is executed. Summit Harbor Holdings has a specific, strategically-defined path for acquisitions and growth. Due to these exciting acquisition opportunities, new state and federal laws being put into effect and a misalignment of values and direction, Limitless Venture Group, Inc. and Summit Harbor Holdings, Inc. have recently exercised the right to withdraw from the agreement with Tulsa Higher Care Clinic.  “The leadership of Summit Harbor Holdings believes that these new agreements and this realignment will move SHHI one step closer to being a leading holding firm in the innovative and emerging health and sciences sector and offer a greater return on investment,” said Limitless Ventures Group CEO Joseph Francella. Summit Harbor Holdings strives to be the premier thought lead...