On Wednesday NNRF Inc (OTCMKTS:NNRI) saw its stock make a rapid upward move amidst heavy interest as it ended up with gains of as much as 36%. The rally in the stock came about after the company announced that it had completely executed a Letter of Intent so that it could move forward with acquiring some land located in Tennessee.
The acquisition would also include a commercial greenhouse that spans an area of 96640 square feet. It was a significant transaction for the company since it would allow the company to proceed with its plans to become a bigger player in the ever-growing Green Economy.
The greenhouse and the land would be used by NNRF to operate an organic farm that would utilize state of the art processes and growing techniques. Those processes and techniques are going to be developed and patented by the company’s partners, who would form a joint venture with NNRF soon.
The joint venture would help NNRF in boosting agricultural results significantly and that can only be seen as a positive. The acquisition is also the first step for NNRF to eventually create a facility that can be used for growing organic produce.
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