Key Takeaways:
- Exclusive Licensing Agreement: Texas Vertical Farms Ventures Inc. (TVFV) obtains exclusive rights to use and distribute Agriplay Ventures Inc. (Agriplay) Technologies in Texas.
- Enhanced Food Security: The partnership aims to significantly improve food security in Texas through innovative urban indoor farming.
- Innovative Use of Commercial Real Estate: The initiative targets repurposing Texas’s commercial real estate for urban farming, offering a sustainable solution to food production and real estate utilization.
Strategic Partnership for Sustainability
Texas Vertical Farms Ventures Inc. (TVFV) has recently inked a Territory License agreement with Agriplay Ventures Inc. (Agriplay), granting it exclusive rights to employ and distribute Agriplay’s pioneering agricultural technologies within the state of Texas. This collaboration is set to usher in a new era of food security and innovative commercial real estate use, presenting a unique opportunity to address multiple challenges simultaneously.
Transforming Texas with AgriTech
Maria Tochilina, President of TVFV, highlighted the potential of bringing Agriplay’s technology to Texas, emphasizing the synergy between enhancing food security and revitalizing the commercial real estate market. The agreement, lasting ten years, positions TVFV to leverage Agriplay’s cutting-edge indoor farming technologies across Texas’s vast landscape, home to an estimated 29.2 million residents as of 2022.
Exclusive Operational Control
Under the terms of the Territory Licensing Agreement, TVFV will enjoy total operational control within Texas, using Agriplay’s proprietary technology to spearhead urban indoor farming initiatives. Agriplay commits to supplying all necessary materials and equipment, ensuring TVFV can effectively integrate these systems into Texas’s commercial infrastructure.
Pioneering Indoor Farming Solutions
Agriplay’s technology stands at the forefront of agricultural innovation, enabling the growth of over 150 varieties of fresh produce in a fraction of the space required by traditional farming methods. These systems are lauded for their efficiency, consuming significantly less energy and offering unparalleled scalability compared to conventional vertical farming approaches.
A Vision for Commercial Real Estate
The partnership between TVFV and Agriplay also aims to transform over 9 million square feet of underutilized commercial real estate into productive indoor farms globally. This initiative not only addresses the pressing need for food security but also presents a viable solution for the adaptive reuse of commercial properties, which have seen increased vacancies due to shifting market dynamics.
Agriplay’s President and Founder emphasized the dual benefits of their technology, highlighting its role in repurposing commercial assets into profitable urban farms without necessitating long-term structural changes. This approach not only capitalizes on the current surplus of vacant properties but also contributes significantly to reducing the food scarcity gap through localized, efficient, and sustainable food production.
Agriplay Ventures Latest News
Agriplay & Zion Join Forces to Boost Local Food Production (2023/05/24)
Agriplay Ventures Incorporated (Agriplay), a leader in advanced vertical farming technology, has announced a ten-year territory license sale for Montana to Zion International Organic Nutraceuticals Incorporated (Zion). The agreement is a significant milestone for both companies as they work together to address food security through increased local control over the food supply chain.
Agriplay Ventures Inc. and Savills Inc. Form Strategic Partnership to Expand Urban Farming Technology (2023/05/12)
Agriplay Ventures Inc. and Savills Inc. have announced an innovative partnership, combining their expertise in the urban farming technology and real estate sectors. The collaboration will see Savills Inc. provide international representation for Agriplay Ventures Inc. and serve as a service provider for Agriplay’s national and international territorial licensees.
Zion Growing Solutions Secure A Territory License From Agriplay (2022/12/06)
Zion Growing Solutions Inc. has acquired the Territory License for British Columbia and will be the region’s exclusive supplier of Agriplay technology as of December 1, 2022. Agriplay is presently purchasing the resources in order to guarantee production for the area in 2023 once the deal was struck. A CAD 577K valuation is assigned to the target territory, which is expected to have a population of 5,319,324 in 2022. The company can grow more than 150 different types of fresh greenhouse veggies thanks to Agriplay’s unique growth method without having to use as much energy as conventional indoor farming. Zion will have sole authority over the territory under the terms of the agreement in order to establish enterprises utilizing Agriplay technology and create inter-territory collaborations. Over 2.67 million square feet of commercial space in the Calgary area are being transformed into profitable vertical farms by the company at the moment.
Agriplay Ventures Inc. Licensing Program Inks LOI For A Territory Licensee In Chicago Metro Area (2022/11/11)
FARMZERO has signed a letter of intent to acquire the Territory License rights inside the Metro Area of Chicago. Agriplay Ventures Inc. is partnering with FARMZERO to offer a solution to food security and economic diversification to the Chicago area, with multiple projects planned to begin as early as January 2023. Agriplay has obtained a Territory License in the Chicago Metro Area for a period of 10 years. Agriplay will offer Metro Chicago all the supplies and tools needed to plug in an urban indoor farm and will also support the system. With less environmental impact than conventional indoor farming, Agriplay’s innovative growing method can grow more than 150 distinct species of fresh greenhouse veggies.
Receives Letter of Intent for Produce From Upcoming Facility (2022/10/07)
Agriplay Ventures is an innovative vertical farm & technology company that grows over 150 varieties of fresh greenhouse vegetables using its proprietary growing system. They have secured a confidential agreement with one of the world’s largest international distributors of fresh fruits & vegetables to purchase produce from their showcase facility at the Calgary Tower. The company is currently converting commercial real estate into productive vertical farms in the Calgary market to supply previously imported greenhouse vegetables to the Alberta market. This new partnership validates their sales model and secures future sales for Agriplay.
To Participate In THRIVE Global Academy (2022/08/30)
Agriplay, an elevated urban farming company, has been accepted to participate in the 12-week agrifood program, enabling the company to collaborate and move its business forward. Agriplay’s proprietary growing system allows them to grow hundreds of varieties of fresh vegetables with less energy consumption and more scalability than traditional vertical farms. They are currently working on converting over 2.67 million square feet in Calgary and over 1 million square feet of commercial real estate in Edmonton into productive urban indoor farms. Dan Houston, President of Agriplay Ventures Inc. is excited about the opportunity to network and accelerate the company’s growth.
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