Provides Royalty Management with an equity interest and royalty stream from sales of patented products that serve the indoor farming and controlled agriculture spaces.Investment continues Company’s target of investments in food security sectors.
FISHERS, INDIANA / October 24, 2024 / Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that it has purchased an equity interest and royalty stream from sales of controlled agriculture and greenhouse products produced and sold by a leading-edge innovator in the greenhouse space. The royalty stream comes from sales of certain innovative, patented consumables used in controlled growing environment.
The amount of the royalty payable to the Company is based on volumes of these greenhouse consumable product sales, and ranges from 1.4% to 2.2% of sales. The seller is expected to start producing royalty income for Royalty Management starting in early 2025. A confidentiality agreement currently in place restricts Royalty Management from disclosing the name of the producer of the greenhouse/controlled agriculture products.
Thomas Sauve, Chief Executive Officer of the Company, stated, “Innovative controlled growing environment platforms that increase food production and yields will be essential for our food security and as regional populations grow. We are thrilled to continue our investment in this critical industry given the need for affordable and productive food based growing environments. This investment, combined with our previous participation as a gold member sponsor of the CASFER technologies (www.casefer.us) provides us direct investment royalties and cash flows from food production and technologies products.. This investment and this company have the ability to revolutionize the indoor agriculture and controlled growing environment space though high-density production of foods and produce. We are excited about this partnership for a variety of reasons, including the potential for further investment and collaboration with our partner and their team on accelerating deployment and innovation of this technology.
About Royalty Management Holding Corporation
Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in sustainable market environments. The business model focuses on acquiring and structuring cashflow and revenue streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit www.royaltymgmtcorp.com.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media Contact
Organization: Royalty Management Holding Corporation
Contact Person: Thomas Sauve
Website: https://www.royaltymgmtcorp.com
Email: Send Email
Contact Number: +13178559926
Address:12115 Visionary Way
Address 2: Suite 174
City: Fishers
State: Indiana
Country:United States
Release id:18971
