In April 2017, EGG signed a Memorandum of Understanding with 'Y' Company in Hebei regarding sales of G1. The Hebei Company specializes in sales of agrichemical but recently formed a joint venture with a potato distribution center in Zhangjiakou. The company has already contracted with large farmers (each with at least 80 acre of farmland) to produce commercial potatoes, with an aggregate of 8,200 acres of land. In this MOU, the Hebei Company strongly states the intent to purchase G1 tubers produced by EGG.
Jul 29, 2019
Recently EGG got purchase orders of 35 million of MCTs from big farmers’ associations for seed farming in 2020 and it will generate $60 million of sales revenue. These potato farms have tried EGG’s seed for last couple of years.