Himalaya Technologies, formerly known as Homeland Resources has signed a 19.9% stock purchase with The Agrarian Group. TAG is a provider of digital intelligence software called “AgtechDi” designed from its granted patents to optimize the food supply chain by increasing food safety and profitability for growers who operate vertical farms, greenhouses, converted shipping containers, and other forms of controlled environment agriculture.
John New, TAG’s founder and Executive Charmain said: “As the AgTech marketplace continues to expand, with more controlled environment agriculture operations in the U.S. and around the world, our team sees excellent potential synergy with Himalaya’s current and prospective holdings.”
Said Vik Grover, CEO of Himalaya: “The investment in The Agrarian Group aligns well with Himalaya’s health and wellness incubation strategy. It creates opportunities for cross-marketing with our other investment in GenBio and our wholly-owned subsidiary KANAB CORP. We see significant potential for TAG to leverage its patents and experience to propel a positive change in healthy food products as well as the optimization of specialty crops such as cannabis for medicinal and recreational use.”
Under the Investment Agreement, Himalaya is issuing TAG 99,686 Himalaya Series B Preferred shares in exchange for 1,242,000 TAG Class A Membership units (19.9%). Himalaya is incorporating the transaction into its Form 10 as a subsequent event to its October 31, 2021 quarter. Form 10 is currently under auditor review and being prepared for filing on the SEC’s EDGAR system.
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