Business
Pure Harvest Corporate Group Enters Solar Market via Joint Venture with DC Energy Group, LLC
Pure Harvest Corporate Group Enters Solar Market via Joint Venture with DC Energy Group, LLC.
About this update from Pure Harvest Corporate Group, Inc
[{"type":"text","content":"\n Denver, CO, Nov. 18, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Pure Harvest Corporate Group, Inc. (OTCQB: PHCG), a holding company focused on emerging markets, is excited to announce the sale of the assets of Solar Cultivation Technologies, Inc. (“SCT”) to DC Energy Group, LLC (“DCEG”) for cash and equity. The assets of SCT were acquired by the Company pursuant to an Asset Purchase Agreement on September 29, 2020.  The Company believes that the partnership between PHCG and DCEG to commercialize SCT’s technology represents an exceptional opportunity to enter an extremely fast growing industry and help businesses work to reduce the carbon footprint associated with their operations. Under the terms of the agreement, PHCG is contributing all of the assets of SCT to DCEG in exchange for two hundred thousand dollars ($200,000) and a forty percent (40%) membership interest in DCEG. The experienced management team at DCEG will be responsible for commercializing SCT’s technology and managing the day-to-day operations of the business.  “The team at DCEG is extremely impressive and has a long history of operating successful businesses,” said Matthew Gregarek, CEO of Pure Harvest Corporate Group. “We believe that they are an incredible partner to help develop and scale the business and we are excited to work with them to grow this company into a national operation.” “We are thrilled to continue developing the technology for solar powered micro-grids,” said David Lindsey, President of DCEG. “The technology we are currently working with has the potential to dramatically reduce the amount of carbon-based energy used by businesses across the country. As operators and regulators across the country start to focus on industry’s carbon footprint, we believe that DCEG will be perfectly positioned to help reduce the carbon emissions associated with commercial operations all over the US.” About Pure Harvest Corporate Group The Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) is a publicly traded holding company operating in various segments of the cannabis and hemp-CBD industries. The PHCG team is committed to formulating, manufacturing, and distributing high-quality cannabis and hemp-CBD consumer products in markets where it is legal to do s...