GME Innotainment Inc. ("GMEV") Announces the Acquisition of Foundation Farms Corp., a Specialty Purveyor of Beyond Organic Locally Grown Fruits, Herbs and Vegetables

NEW YORK, Nov. 6, 2019 /PRNewswire/ -- GME Innotainment Inc. GMEV, is pleased to announce that it has acquired a controlling interest of 60% in Foundation Farms, Corp., who will specialize in the operation of highly sophisticated organic fruit, herb and vegetable indoor cultivation units and provide beyond organic locally grown vegetables year-round to its customers. Foundation Farms Corp. has already placed its initial order with the manufacturer and expects the first installation to begin taking place by the first quarter of 2020.

Yves R. Michel, CEO of GMEV stated:  "As a company that is working on saving our precious resources and moving our culture to a more sustainable way of living, we are very excited to be entering this new market with the Foundation Farms Corp. acquisition. We believe that there is significant demand for locally grown fresh vegetation without the travel time, traceability and nutrient loss that occurs in the traditional approach to delivery, all grown in a pesticide free Aeropod environment. Additionally, when grown in the Aeropod, the crop can produce all year long, producing a dramatic increase in the harvest, all while using a fraction of the water otherwise required. We are looking forward to pursuing the growth of Foundation Farms Corp. as quickly as possible and continue to actively look for other opportunities generally under the sustainability banner."

Darcy Rai, CEO of Foundation Farms, Corp., has also celebrated this acquisition "as giving Foundation Farms, the ability to access the capital it needs to complete its acquisition and expansion of its Foundation Farms throughout the western states and provinces." Mr. Rai also noted that working with Yves, will be appealing, as Mr. Michel has much experience and knowledge to offer the Foundation Farms team.

Yves R. Michel 
Chief Executive Officer and Director 
208 East 51st St., Suite 170
New York, NY 10022

Source : GME Innotainment, Inc. ("GMEV")
Released November 6, 2019

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SOURCE GME Innotainment Inc. ("GMEV")