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Newport Beach, California–(Newsfile Corp. – September 30, 2021) – Agtech Global International Inc. (OTC Pink: AGGL) (Agtech) (name change to Galexxy Holdings Inc. in process)  previously announced on September 7, 2021, that it had entered into a Joint Venture with City Farm Industries Inc., for large scale cultivation of Hemp for CBD extraction and supply.

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Ross Lyndon-James, Agtech’s CEO said that, “The market for CBD products has improved considerably from the severe impact the COVID pandemic had on the industry in 2020.” Mr. Lyndon-James further stated that, “Industry forecaster Brightfield Group is projecting strong US market growth from $2.3 billion in 2020 to exceed $12 billion by 2026. We are encouraged by the market’s solid recovery, and we are looking forward to exciting results in the coming year.”

CFI is based in Newport Beach, California and has a 25-year Ground Lease on 1,600 acres with annual lease payments. To date $4.5 million has been invested by the former leaseholder on specific improvements for large-scale hemp cultivation. Improvements include land preparation, soil remediation, internal roads, drilling of 3 deep water wells and construction of a water storage/security canal throughout and around the perimeter of the property.

Agtech is publicly traded on OTC Markets Pink (OTC Pink: AGGL). Based in Newport Beach, California, Agtech has restructured its agricultural supplies business to enter the rapidly developing markets for premium CBD consumer products through the acquisition of Galexxy Corporation and its Joint Venture with City Farm Industries. Its “soil to sale” business strategy is keenly focused on controlling the supply chain and maximizing profits.

Agtech Global International Inc.
Ross Lyndon-James
E: [email protected]
M: (949) 456 3972

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release.

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