Motivated to Sell in CY 2024

Sustainable Aquafarms (SAF), a subsidiary of SAFE Holdings LLC is strategically positioning its greenhouse facility and land with the view of creating a monetizing event of SAF in the near term.

SAF currently has licenses to produce hemp for cannabinoid (CBD) cultivation and is recreational cannabis ready.  We have a controlled environment operating under strict bio-security protocols and have GFSI certifications. The facility includes germination rooms, nursery, packing and printing line, and dry and cold storage warehousing.  SAF is licensed by the New York State Department of Agriculture and Markets to grow hemp for products containing CBD as well as hemp/CBD research.  We also hold a nursery license to grow transplants and their facility is USDA Good Agricultural Practices (GAP) compliant certified, and our staff is GMP trained.

OVERVIEW

SAFE Holdings acquired a 3.25-acre greenhouse facility that was a former rose cultivation site in Berlin, New York, approximately 20 miles east of Albany, the state’s capital.  SAF’s facility utilizes high-tech deep-water culture hydroponic greenhouses – 125,000 sqft of hydro growing zones with 25,000 sqft hard scape growing surface.  The operational staff represent four generations of growers and are cultivating hemp year-round.  At present, the facility can produce nearly 1,000 pounds of premium dry flower monthly and have the capacity to cultivate +3mm million seedlings at any one time.  Additionally, the facility is able to cultivate secondary flower/trim biomass for CBD oil production, fresh frozen hemp and top flower colas.

Currently Hemp licenses:

• Hemp Grower and Hemp Seed lic. – No.36_0160
• Nursey License – No. 645754

Based on current cultivation of photoperiod sensitive plants and harvest results, the SAF facility produced nearly 20,000 pounds of Cannabis annually.  We are considering filing for our Adult Use Conditional Cannabis Lic. with NY State, upon finding the right partner.

Location

Located in Rensselaer County, Berlin, NY which is about 20 miles east of Albany in the Taconic Mountain Range, NY’s state route 22 passes directly through the facility allowing easy access for rapid local distribution.

The current management team and operational staff pride themselves as they have a passion for ecosystems – they have gone to great lengths to create a team of workers, consultants, suppliers and distributors to execute their sustainable vision. The hemp plants as well as produce are provided with fresh nutritional food of known progeny as they are vertically integrated from feed to retail distribution, thus controlling both inputs and processes.  Importantly the water at the headwaters of the Little Hoosic River in the Taconic Mountains are naturally of the highest purity.

With sustainable practices, controlled environment agriculture, and integrated pest management (IPM) techniques, the facility allows year-round cultivation without extensive use of pesticides and antibiotics, unlike field grown crops which are exposed to a multitude of contaminants and disease vectors.  Preservative use is minimal to non-existent given quick delivery times and the quality of the raw material.  Together with its location on SR 22 in upstate NY, SAF can deliver to over 100 million customers within 24 hours by road.

The management team is committed to employing local workers and providing educational opportunity for North East regional institutions.  Year-round, quality employment is rare in this blighted rural area.  The site’s energy resources are available to the wider Berlin community for disaster and emergency response, improving the robustness of the whole Berlin valley.  Facebook @safproduce; website at sustainableaquafarm.com