11:09 AM EST - The Yield Growth Corp. : Announced its subsidiary, Yield Botanicals Inc., has entered an agreement with Vandenbosch Trading Company Ltd. to purchase a 10 acre property. The purchase includes over 2.5 acres (approximately 100,000 square feet) of well-equipped and automated greenhouses, currently operating as an orchid flower grow and essential oil extraction business. The total price for the land, buildings, greenhouses and equipment is $2.4 million. Yield Growth has available cash on hand to complete the purchase. This strategic asset purchase will allow Yield Growth to grow plants and build out extraction facilities in the existing infrastructure, while providing plenty of room for future expansion. Owning a farm will give Yield Growth complete control of key proprietary ingredients for its products, including hemp root oil. The purchase will also empower Yield Growth’s in-house research capabilities for growth and innovation. The Yield Growth Corp.
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