Zerez Holdings Inc (OTCMKTS:ZRZH) shares were up 18.18% on Tuesday to $0.0449 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.06. The company has a market cap of $211 million at 5.57 billion shares outstanding.
Zerez Holdings Inc is a public equity corporation that is focused on the advanced agriculture and cannabis industries with plans to grow through acquisition, strategic alliances, and proprietary intellectual property. The company’s wholly owned subsidiary Next Generation Farming provides turnkey commercial greenhouse and automation systems that improve yields and decrease water consumption for cultivators of organic food and cannabis crops.
In a press release yesterday, Zerez Holdings Inc reported that its subsidiary Next Generation Farming Inc has signed its Co-Marketing partner Sweet Leaf Hydroponics to a wholesale purchase contract for a minimum of $1 million dollars worth of NextGen’s “SMART by Design” line of advanced and automated greenhouse systems by the end of the year. On top of this, Sweet Leaf has also ordered 2 30ft. x 24ft. production models to be built as walk-thru demonstration facilities at each of their sales locations.
“It was imperative that we enlisted the feedback about our marketing strategy, product designs, configurations, pricing and overall sales and support strategy with Jay and our extended team at Sweet Leaf Hydro. They sell millions in revenue to thousands of clients and we wanted to leave no stone unturned before our upcoming launch. Obviously we have a good plan for Jay to make such a strong minimum sales commitment to us,” said John Taylor and Don Smith of Zerez Holdings Inc.
For Jay DeSalvatore, president of Sweet Leaf Hydroponics, the companies are in full alignment and are confident that they can easily re-sell a million dollars of their products by the end of the year. Sweet Leaf has hundreds of regular customers and lots of immediate greenhouse sales opportunities.
“The data we continue to see is that the smart greenhouse marketplace is worth a minimum of $6 billion in 2017. Although we see most of our sales being on the commercial scale, with multi-faceted customer relationships, we have created some unique and surprising products that will be available for immediate purchase when we launch. We intend to smartly capture our profitable share of this market. If Zerez Holdings and Next Generation Farming earn just 10-20% market share, that translates into potential revenues of $600 Million to $1.2 billion annually. Obviously, we are ramping our business quickly, and we are confident we can handle that level of growth when it comes,” Taylor added.
In January, Zerez Holdings Inc announced that it has sold another “SMART by Design” greenhouse system to its first repeat client, a Northern California Cannabis cultivation company, from earlier in the month.
“When a client comes back and orders from you again that is our definition of consumer confidence. We are very pleased that the trust, confidence and great working relationship with our customer has resulted in a second order in less than 10 days,” Taylor shared.
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