One Step Vending Corp., a company specializing in emerging industries acquisitions with an emphasis in marketing and distributing produce, as well as the self-serve vending market, executes its second vertical farm order after acquiring 51% of Light Leaf Farms Corp. (LLF), increasing its current anticipated revenue for 2022.
The joint venture is agreed to have LLF operate the day-to-day operations on the jointly purchased vertical farms while the company markets and distributes the harvested produce. Both LLF and One Step Vending will disburse revenues divided 50/50 from all built, purchased, and leased co-owned vertical farms.
This follows the company's announcement of its first vertical farm order, a modular farm through its strategic partner E-Roots Manufacturing Inc. with anticipated delivery within the month of April and a summer 2022 harvest.
The company’s second farm, a warehouse farm and first joint farm with LLF, is estimated to be operational by July 2022 with its first harvest expected early fall 2022. With almost twice as many towers as a module farm, a warehouse farm is projected to yield approximately $522,068 per year – a considerable increase in revenue compared to the standard module farm generating roughly $261,034 (correct amount). The additional farm will position One Step Vending, through the company’s 51% acquisition of E-Roots Systems (Abbotsford), Ltd., announced early March 2022, to receive its share of the divided revenue 50/50 from the forecasted $783,101 each year.
