Abundant Farms, Inc. is a Florida corporation and wholly-owned subsidiary of PHI Group set up to manage its premium organic farming plan and administer an EB-5 Investor Visa Program to stimulate the U.S. economy through job creation and capital investment by foreign investors.
The Company is in the process of acquiring a 408-acre farm in Holmes County, Florida, which is a qualified Targeted Employment Area, as defined by the EB-5 Investor Visa Program of the U.S. Citizenship and Immigration Services, and intends to accept direct investments of $500,000 each by international investors who wish to become U.S. permanent residents. ( https://www.uscis.gov/eb-5)
The Company recently signed an agreement with Mr. Van M. Pham, a Vietnamese agricultural expert, to secure intellectual properties for application of proprietary natural immune and symbiotic microbe systems in premium organic husbandry. In addition, PHI Group has also signed a Memorandum of Understanding to acquire 100% of Abound Farms, Inc., a Nevada corporation with hydroponics operations using proprietary enhanced bioavailable nutrient and water treatment systems that can increase crop yields by up to 100 percent compared to prevalent existing methods.
Initially, the Company plans to use a combination of proprietary enhanced bioavailable nutrient and natural symbiotic immune systems, without chemical pesticides and synthetic fertilizers, to grow select medicinal plants such as bitter melon (momordica charantia) and turmeric (curcuma longa) for export. Subsequently, it will grow Ming aralia (polyscias fruticosa), xao tam phan (paramignya trimera), drumstick tree (moringa oleifera) and other species which command much higher profit margins than regular vegetables, aiming to meet the growing demand of big international customers, especially China, in the coming years.
It also plans to raise premium organic poultry and other livestock for domestic sale and to develop model-farming programs to grow broader agricultural products without antibiotics and chemicals. Once the business model has been verified, the company plans to replicate and license the farm model to others in the U.S. and abroad.