Zerez Holdings Announces Smart Greenhouse Revenue of $900,000
Newly Focused Company Quickly Positions Itself as a Mainstay Performer in Cannabis Market
SACRAMENTO, CA, November 10, 2016 (Newswire.com) - Zerez Holdings Inc., (OTC PINK: ZRZH) through its subsidiary Next Generation Farming Inc., announced today completion of its first “Smart Greenhouse” sale in Northern California. The lease/purchase agreement totals $900,000 in revenues, to be paid in 60 monthly installments of $15,000 each beginning on or before January 2017. The advanced greenhouse system has been turned over to the customer who plans to begin immediate production while continuing to work with Next Gen’s technical team for daily field testing of the company’s proprietary commercial greenhouse control system. Pending successful testing approval of the control system, the company expects its customer to sign a subscription and maintenance agreement in approximately 90 days.
Zerez Holdings, first appearing on Money TV two weeks ago, announced its acquisition of stealth company Next Generation Farming, to focus on advanced agriculture technologies including smart greenhouses for both the organic transitional farming and explosive cannabis industry.
President John Taylor stated “We are very excited to announce our first revenue sale just weeks after launching publicly. The fact that we simultaneously installed our automated control system in a live production environment shows great confidence from our customer. We are very confident that our technical team will continue to refine our turnkey solution from the daily feedback it receives. The end result will be a follow on revenue relationship with our customer, backed by real world results”.
Taylor added “we have been working round the clock to finish up this project so we position ourselves as a core company in the advanced agriculture and cannabis market sector. I am truly proud of our team, and with overwhelming approval of cannabis legislation, especially in California, we feel we are ready to capitalize on the demand”.
Next Generation Farming, a wholly owned subsidiary of Zerez Holdings provides turnkey commercial greenhouse and software systems to create an environment that improves yields and decreases water consumption for commercial scale cultivators of organic leafy greens and legal cannabis. According to Vice President Don Smith, “the 2016 Smart Greenhouse Market Report estimated the market size at over $3 Billion. This report did not factor in the Tuesday election approvals states that now have recreational cannabis in California Nevada, and Massachusetts. In addition, Arkansas, Florida, North Dakota, and Montana approved medical cannabis. That market size just exponentially increased, and we look forward to being an industry leader for advanced agriculture systems not only in medical and recreational cannabis but also for organic food production”.
About Zerez Holdings:
Zerez Holdings, Inc., (OTC PINK: ZRZH) Zerez Holdings is a public equity corporation focused on the sustainable agriculture and legal cannabis industry. The company's websites are www.zerezholdings.com and www.nextgen.farm
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Zerez Holdings Inc.
Source: Zerez Holdings Inc.