Business
Here To Serve Holding Corp. Sells Portion of Its Hemp Farming Project for $500,000
Here To Serve Holding Corp. Sells Portion of Its Hemp Farming Project for $500,000.
About this update from Mesa Home Resources Inc.
[{"type":"text","content":"Rye Brook, New York--(Newsfile Corp. - July 13, 2022) - Here To Serve Holding Corp. (OTC Pink: HTSC) (the \"Company\"), is pleased to announce the sale of farming rights under the Iowa hemp license of its wholly owned subsidiary, ICF Industries Inc., to an Iowa-based company, Agri-Dynamics, Inc., for a fee of $500,000.The agreement required a payment of $500,000 in equity securities of Agri-Dynamics, Inc., which the Company has received, and calls for the Company to be paid 45% of all hemp profits for the term of the agreement. The agreement ends on December 31, 2027, or earlier if certain conditions are not met. The Company's CEO, Paul Riss, said, \"We seek to acquire and manage undervalued assets without incurring significant fixed overhead costs. Consequently, we have sold a portion of our hemp project, for a limited term, to a company with hemp expertise that can build a joint hemp project without us having to incur cash expenditures.\"\"We have also included in this project our affiliate, KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group Inc., now known as QUEENCH, Inc. (OTC Pink: QENC),\" continued Riss. \"KRTL has expertise in hemp and psilocybin and will earn 10% of the profits in addition to $160,000 in equity securities.\" About Here To Serve Holding Corp. Here To Serve Holding Corp. maintains a portfolio of mineral properties and equity securities. Its subsidiary Fortune Nickel and Gold Inc. owns 182 mining cells in the Timmins mining camp in Ontario, Canada, which is highly prospective for battery-grade nickel along with gold and copper. The subsidiary ICF Industries Inc. owns a diversified basket of minority positions in publicly traded equities. It received several of these equity positions in exchange for marketing and financial reporting services. It also owns a license to grow hemp.ICF Industries Inc. also with affiliate KRTL Biotech. A doctor at KRTL Biotech has MFDS approval to study psilocybin in South Korea with its team of doctors, chemists, and researchers to give people new and improved ways to heal. Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) extension 1.Forward-Looking StatementsThis news release contains statements and information that, to the extent that they are not historical fact, may constitute \"forward-looking information\" within the m...