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Business Update

Business Brief We are still pursuing the original $2.5 million funding, but more doubtful about a successful outcome. We are also now pursuing a totally different funding directly to the project Cielo Mar, which is more tangible and easier to understand for a...

Progress on Oceanfront Land Acquisition

We are very pleased to report the following developments regarding the proposed acquisition of the ocean front land in Baja: We have extended the proposed land acquisition to now include approximately 4.0 M of ocean front (6,5 KM), compared to earlier announced 2.4 M....

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Summary of Business Activities in Baja

The company has recently committed to a shift in direction of its focus. ProGreen will now be concentrating its resources exclusively on Baja California projects. At this time, we do not anticipate investing further in Michigan, because the opportunities in Baja are...

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Baja Agriculture Update

Baja Agriculture Update Our JV partner Inmobiliaria Contel (Contel) has over the past several months conducted due diligence on verticals in the produce farming supply chain in Baja California. Contel has now established a channel to the US market that allows them to...

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Baja Update

During my latest visit to Baja California, I looked deeper into opportunities for ProGreenUS real estate investments in the Ensenada area. As we continue with - and plan to accelerate - work on the agricultural land development projects further South, I also...

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Company Update

We are currently making some revisions to the 'Current Events Baja' page, and a new page, 'Get To Know Baja' is currently being added to introduce the regions of Baja where we control land and where we see possible opportunities for the company. The share structure...

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Baja Business Update

I would like to inform the public on the following as a result of my trip to Baja last week. As announced in June, the company ProCon Baja JV (ProCon) was formed as a Joint Venture between Inmobiliaria Contel (49%) and ProGreen (51%), with ProGreen in effect...

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Baja Business Update

We are negotiating with several interested parties for the sale of the first 300 acres. We anticipate to see a healthy return of an estimated 50% for ProGreen on the approx. $300k of total investment, after first fully recuperating the initial investment. Though there...

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Business Update

Business Update

As we have and are receiving many questions on the situation of the funding and recent note conversions, we can hereby confirm something on this front as clarification. As everyone is already aware, the funding of the bridge financing, that was initially expected to...

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Business Update

Business Update

The Company has received several questions from its shareholders about corporate operations and projects. Below, we offer these questions with Company responses. This Company Blog post might contain information, which may constitute ‘forward-looking statements’ within...

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