Business
ZA Group Inc. Reports Increased Demand and Rapid Expansion with their Canadian Cannabis Grow Subsidiary
ZA Group Inc. Reports Increased Demand and Rapid Expansion with their Canadian Cannabis Grow Subsidiary.
About this update from Za Group Inc.
[{"type":"text","content":"\n\n\n\nZA Group Inc. Reports Increased Demand and Rapid Expansion with their Canadian Cannabis Grow Subsidiary\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nZA Group Inc. Reports Increased Demand and Rapid Expansion with their Canadian Cannabis Grow Subsidiary\nPR Newswire\nNAPLES, Fla., April 8, 2021\n\n\n\nNAPLES, Fla., April 8, 2021 /PRNewswire/ -- Econic Crop Solutions Inc, a Division of ZA Group Inc. (OTC: ZAAG) is pleased to report a quickly growing demand amongst several First Nations communities across Western Canada for our flagship product. An explosion in pre-orders have required us to carefully ramp up operations to meet distribution needs throughout the entire community's dispensaries. Additionally, correspondence is pouring in requesting that the company launch and manage several new dispensaries throughout the province. In the process of fulfilling recent demand, the company also proudly reports steady progress across the board, including its manufacturing facility, where new grow pods are continually being completed and deployed.\nEconic currently has a back log of approximately 330 pods.  Projected revenues for each pod per grow cycle is nearly $100,000, with the ability of up to four grow cycles per year.  Upon the fulfillment of pre-orders, estimated revenues are approximately $132,000,000 per year. According to Grandview Research, \"The global legal marijuana market size is expected to reach USD 84.0 billion by 2028.......North America accounted for the largest revenue share of 91.1% in 2020.\"\nWhen asked to comment on the increased product demand, Wade Eno, CEO of Econic stated, \"We were well aware  at the conception of this venture what a unique and immensely lucrative opportunity we were presented with.   To put some perspective on the potential, there are more than 630 First Nations communities across Canada and many embrace these products as their traditional healing medicines. What sets our company apart is our ability to transport, and this ...