Purchase of agricultural land for the APF GROUP (VERDANT)
Dear Clients,
The acquisition of agricultural land is proceeding in accordance with the long-term investment strategy of APF GROUP (VERDANT) as part of the land consolidation process in selected locations. These include individual cadastral areas in the districts of Znojmo, Břeclav, Hodonín, Uherské Hradiště, Brno-venkov, Vyškov, Kroměříž, Prostějov, Přerov, and Olomouc. In these locations, we are preparing investment projects in agricultural primary production, which will be carried out through our agricultural operations or the qualified investor fund in collaboration with tenants in the respective regions.
The company regularly updates and publishes an overview of ownership records of the land owned by APF GROUP (VERDANT) at the end of each calendar month. The overview includes land for which ownership rights have been registered in the Land Registry. Ongoing transfers of ownership rights are not reflected in this overview.
The current total area of agricultural land owned by APF GROUP (VERDANT) is 8,270,848 m² (827.1 ha). The total accounting value of the purchased agricultural land has reached USD 26.6 million (600 million CZK). The amount of advance payments made toward future land purchase prices currently totals USD 2.623.312 (59.145.549 CZK).
During the period from January to August 2024, we acquired 442.4 hectares of agricultural land. The total land area owned by APF GROUP (VERDANT) has increased by 115% since the beginning of 2024. The target area by the end of 2024 is 1,200 hectares.
The acquisition of agricultural land is financed through funds generated by sales of APF GROUP (VERDANT) products, primarily from the proceeds of APFC token sales at present.
Thank you for your continued cooperation and trust.