Chicago, Illinois, January 10, 2022 (GLOBE NEWSWIRE) – Himalaya Technologies, Inc. formerly known as Homeland Resources Ltd. (OTC: HMLA) signed a 19.9% ââshare buyback with The Agrarian Group LLC (“LABEL”; http://www.theagrariangroup.com/). TAG is a digital intelligence software provider called “AgtechDi” designed from its granted patents to optimize the food supply chain by increasing food safety and profitability for producers who operate vertical farms, greenhouses, containers converted shipping and other forms of environment-controlled agriculture. The investment follows other Himalayan investments in cannabis social media and immune booster formulations, ushering the company into a new era of growth as a health and wellness incubator.
About the Agrarian Group:
TAG provides âAgtechDiâ digital intelligence optimization software for food safety and profitability. The company is a Small Business Owned by Disabled Veterans (SDVOSB), established in 2012 and based in Philadelphia, PA. TAG’s management team includes seasoned professionals in agriculture and advanced technology, and the company holds two patents, specifically related to digital and artificial intelligence for optimizing the food supply chain.
AgtechDi software empowers subscribers to use digital intelligence to leverage big data and best practices that drive a triple bottom line in people, planet and profit. Food safety, with improved standard operating procedures (âSOPsâ) and digital verification, are the stepping stones to improving the health and profitability of businesses. TAG Phase 1 clients are vertical farms and greenhouses, with small to medium-sized farms. TAG’s Phase 2 software will help optimize food security and profitability for outdoor farmers, ranchers, restaurateurs, grocers, and more. With over two million indoor and outdoor farmers and ranchers in the United States, over one million restaurants, and over 40,000 grocery stores and supermarkets, the Total Addressable Market (“TAM”) of TAG is important and growing.
TAG’s patents were granted in 2018 and 2019, before COVID-19, and Himalaya believes now is the time to fund the development and deployment of AgtechDi to help ease pressures on the food supply chain and help businesses grow profitably. TAG will start in the United States and then expand globally. Environmentally Controlled Agriculture (“CEA”) is growing dramatically at a Annual compound rate of 19% (“TCCA”). Investments in AgTech are growing dramatically, reaching billions of dollars each year, and producers are faced with many emerging technology choices that TAG is helping address with its offerings.
Along with food safety software, TAG helps customers navigate the complexity of the marketplace to align the technology most applicable to their business. Producers face increasing challenges in terms of safety and profitability. TAG’s digital intelligence combined with the ubiquity of the Internet of Things (“IoT”) inaugurates the THE FUTURE OF FOOD while helping customers Get smarter now.
John New, Founder and Executive Director of TAG, said, âAs the AgTech market continues to grow, with more controlled environment farming operations in the United States and around the world, our team sees excellent potential synergy with current and potential holdings of the Himalayas. “
Said Vik Grover, CEO of Himalayas: âThe investment in The Agrarian Group aligns well with the Himalayan health and wellness incubation strategy. This creates cross-marketing opportunities with our other investments in GenBio (https://genbioinc.com/) and our 100% subsidiary KANAB CORP., operator of https://www.kanab.club/ that we are now exiting the open beta. We see significant potential for TAG to leverage its patents and experience to propel positive change in the production of healthy foods as well as the optimization of specialty crops such as cannabis for medicinal and recreational purposes.
Structure of the agreement:
Under the investment agreement, Himalaya is issuing 99,686 TAG Himalaya Series B Preferred Shares in exchange for 1,242,000 TAG Class A membership units (19.9%). Himalaya incorporates the transaction into its Form 10 as an event subsequent to its quarter of October 31, 2021. Form 10 is currently under review by the auditor and in preparation for filing on the SEC’s EDGAR system.
About Himalaya Technologies, Inc.
Himalaya Technologies, Inc. formerly known as Homeland Resources Ltd. (https://www.himalayatechnologies.com/) is a health and wellness incubator that invests in growth. The Company is a minority investment of FOMO CORP. (OTC: FOMC; https://www.fomoworldwide.com/), a technology business accelerator with a portfolio of clean build solutions and other investments.
Statements in this press release regarding our future expectations, including, without limitation, the likelihood that Himalaya Technologies, Inc. will be able to meet minimum sales expectations, be successful, and profitable in the market , to deliver significant value to Himalayan shareholders and to leverage the capital markets to execute its growth strategy, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995 These forward-looking statements involve risks and uncertainties and are subject to change from time to time, and our actual results could differ materially expected results. The Company assumes no obligation to update or publish revisions of these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unforeseen events, except as required by law. . Himalayan business strategy described in this press release is subject to innumerable risks, the most important of which is that the Company succeeds in securing adequate financing. Nothing in this press release should be interpreted in any form whatsoever as an indication of future income, financial condition or the share price of the Company.
Contact the LABEL:
VP Investor Relations