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RMC has acquired an initial 50 hives on a former industrial site with the aim of expanding to over 1,000 beehives within three years.
The company has identified more than a dozen additional beekeeping sites with the goal of expanding its asset base to more than 10,000 beehives within five years, caring for more than 300 million bees.
FISHERS, IN / ACCESSWIRE / August 26, 2022 / American Acquisition Opportunity Inc. (NASDAQ: AMAO ) merger target company, Royal Management Corporation (“RMC” or the “Company”), a sustainably managed, cash flow oriented, royalty investment and development company, announced that it has acquired an initial 50 beehives for its apiary. (beekeeping) in partnership with the Pollinate division of Land Betterment Corporation (“Land Betterment”). RMC provided the capital required to acquire and deploy these beehives in return for royalties on honey produced and sold through an initial sales agreement with Land Betterment’s Recovered Spirits divisions for the first honey produced from RMC’s investment. Land Betterment uses bees to facilitate natural land rehabilitation, and the honey produced will be used in the distillation process to produce spirits at a planned distillery in central Indiana.
Twelve of the original 50 beehives are currently housed in this central Indiana apiary, and the balance is expected to be ready to be housed in the same location by the start of the spring 2023 beekeeping season. During the winter season, RMC planned to acquire an additional 150 beehives in preparation for the upcoming 2023 season, and by spring will bring in a total of 200 beehives under RMC’s royalty agreement. Thereafter, RMC expects to increase beehive acquisition and deployment, targeting a total of approximately 1,000 hives for this location, and has identified more than a dozen additional beekeeping sites with the goal of expanding to a total of over 10,000 hives within five years. The Company expects this to result in approximately $3.0-5 million in ongoing annual revenues to RMC.
Tom Sauve, Chief Executive Officer of Royalty Management Corporation, commented: “RMC is always looking for innovative and new areas in the market where it can generate sustainable returns and returns for our investors, while also being a good steward of the environment and society. Bees support local agriculture and the land. reclamation, while providing valuable raw materials for this new age spirits division of Land Improvement, which will lead to the creation of significant new jobs in this area. Expanding our capabilities in this new sector of RMC, while maximizing our return on capital for our investors convey.”
RMC is committed to providing capital for intellectual property and technology development, sponsored research and initial commercialization for both domestic and international markets. Technology priorities are developing applications that provide sustainable raw materials for energy storage, water filtration and infrastructure purposes.
Royalty Management Corporation continues to seek other similar investment and development opportunities across industries as the company builds a diverse portfolio of royalties, rents and revenue shares across industries. .
American Acquisition Opportunity Inc. about
American Acquisition Opportunity Inc. is a special purpose acquisition company established for the purpose of carrying out a merger, share purchase or similar business combination with one or more enterprises. While the company may be evaluating opportunities in many sectors, it intends to focus its search on land and resource holding companies. The Company’s units, common stock and warrants are listed on the Nasdaq Capital Market.
About Royalty Management Corporation
Royalty Management Corporation is an innovative royalty company focused on increasing shareholder value by acquiring, developing or investing in near-term income generating assets that can provide the company with active cash flow that can be reinvested in new assets or expand existing cash flow. controlled assets. The model involves acquiring and structuring cash flows around various assets within natural resources (including real estate), patents and intellectual property, which can result in the monetization of these cash flows while identifying other future transitory cash flows.
Pollinate, a Land Betterment brand, is an organic bee and bee products company that uses impacted land to improve the environment, improve bee populations, and provide all natural honey and bee products to growing apiaries. Bees are the lifeline of the environment and agriculture because of their ability to pollinate flowers and plants. More information can be found here: www.beespollinate.com/
A special note regarding forward-looking statements
This press release contains statements that constitute “forward-looking statements,” including those relating to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described or at all. Forward-looking statements are subject to many conditions, many of which are beyond the Company’s control, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy prospectus. SEC. Copies will be available at the SEC’s website at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Important Information for Investors and Shareholders
This document relates to the proposed transaction between the Company and RMC. This document does not constitute an offer to sell or exchange any security, or a solicitation of an offer to buy or exchange any security, and there will be no sale of securities that would be unlawful in any jurisdiction prior to such offer, sale or exchange. registration or qualification under the securities laws of any such jurisdiction. The Company intends to file with the SEC a registration statement on Form S-4, which will include a company prospectus and proxy document, referred to as the proxy statement/prospectus. A proxy/prospectus will be sent to all shareholders of the company. The Company will also file other documents with the SEC regarding the proposed transaction. Before making any voting decision, the Company’s investors and security holders are urged to read the registration statement, proxy statement/prospectus and all other relevant documents filed or to be filed with the SEC in connection with the proposed transaction. as they will contain important information about the proposed transaction.
Investors and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or to be filed by the Company with the SEC through the SEC’s website at www.sec. govt.
Those involved in the appeal
AMAO and RMC and their respective directors and officers may be considered participants in the solicitation of proxies from AMAO’s stockholders in connection with the proposed business combination. Information about AMAO’s directors and executive officers and their ownership of AMAO’s securities is included in AMAO’s filings with the SEC, including AMAO’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. It is indicated in the report. 25, 2022. To the extent AMAO’s holdings of securities have changed since the amounts printed in AMAO’s Annual Report, those changes have been or will be reflected in the Ownership Change Reports on Form 4 filed with the SEC. Additional information regarding the interests of those persons and other persons who may be considered participants in the proposed business combination may be obtained by reading the proxy statement/prospectus relating to the proposed business combination. You can obtain free copies of these documents as described in the previous paragraph.
This news release is not an offer to sell or an offer to sell any securities in the United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws, and may not be offered or sold within the United States or to US Persons. It is registered or exempt from registration under the US Securities Act and applicable state securities laws.
Kirk P. Taylor, CPA
President and Chief Financial Officer
SOURCE: American Acquisition Opportunity Inc.
See the source version at accesswire.com:
https://www.accesswire.com/713595/American-Acquisition-Opportunities-Merger-Target-Company-Royalty-Management-Corporation-Funds-the-Acquisition-and-Deployment-of-Initial-Beehives-in-Partnership- With Restored Souls