PHBI Pharmagreen Announces Another Milestone Completed Towards the Acquisition of Long Valley Farms LLC

CARSON CITY, NV, May 24, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - Pharmagreen Biotech, Inc., (OTC-BB:PHBI), (“Pharmagreen” or the “Company”), which provides the highest quality starter plantlets utilizing a proprietary tissue culture process, "Chibafreen," to licensed cannabis cultivators and CBD / CBG hemp farmers, announces that it has completed another significant milestone in the business development with Long Valley Farms. Pharmagreen has advanced the next tranche of funds, whereby the use of proceeds is for the continuous application process for the LVF micro-business license and its nursery licenses in addition to the current cultivation license. PHBI anticipates having the permits in place within the following few months, depending on the regulator’s schedule.