ITOCO INC. (OTC PINK:ITMC) is pleased to announce that it has signed a purchase agreement with ECAPFIN S.A.P.I. De C.V. of Domicilio DISTRITO FEDERAL (Mexico City) Mexico, to acquire all the assets of the company which include:
- Bio Tech related to the growth and usage of the Nopal Cactus;
- Agreements to amalgamate Nopal Cactus Farms and related assets in Mexico and elsewhere for the purpose of creating commercial products including foods, and renewable bio-energy products;
- Technical knowledge related to applying for Carbon Credits that relate to Nopal’s unique Carbon reducing properties.
ITOCO will conduct final due diligence on ECAPFIN’s technology and contracts and the parties intend to close the acquisition transaction by June 30, 2021.
“We are very excited by the potential that ECAPFIN’s technology and assets have in the green Bio-Tech space. We plan to leverage the Nopal plant’s unique properties into several strong products that have significant environmental and land reclamation properties,” said Michael Paul, CEO of ITOCO.
Source: Biospace
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