EGG, signed MOU with Agriculture Company in Hebei, China
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.
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