EVSV - Enviro-Serv gains on expanded funding deal for outdoor marijuana grow

Enviro-Serv (EVSV), which provides hemp cultivation and processing services, has expanded its joint venture partnership with investment firm Canna Capital Development for the second consecutive year.The partnership will fund Enviro-Serv's outdoor medical marijuana grow in Central Michigan.Chris Tina, Enviro-Serv's Chairman and Chief Executive Officer, commented, "We have tripled our investment capital for this growing season and feel strongly about very high yields and great results in this fast-growing industry. At the end of 2020 EVSV yielded a net return of 75% in our partnership with Canna Capital and we believe this return on investment will be exceeded this year."The latest agreement includes a guaranteed option for Enviro-Serv to extend funding to the 2022 season. The terms of the partnership and milestones remain undisclosed, but Enviro-Serv expects to hit revenue targets for the current fiscal year.Shares up 46.06%Press Release

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Enviro-Serv gains on expanded funding deal for outdoor marijuana grow