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SUBSIDIARY NAME

ALTERNATIVE FARMING

COUNTRY

QATAR, LATIN AMERICA AND CARIBBEAN

SECTOR/ INDUSTRY

AGRICULTURE

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

September 13, 2022

ACQUISITION VALUATION

1 BILLION

TOTAL ASSET VALUATION

10 BILLION

AGRICULTURE

Alternative Farming by Mortonn Capital Limited acquired on September 13, 2022.

Smart Farming is an advanced technological system that focuses on the use of data acquired through various sources (historical, geographical and instrumental) in the management of farm activities. RecSmarTT Limited and LifeTree aims to make use of SMARTT Farming to efficiently manage the daily operations of the Matura Hydro Farm. Its use of software and technology is not only aimed at the production of high quality crops but is also a part of the Go Green initiative. For example, the Matura Mega Hydro Farm in Trinidad will make use of all forms of renewable energy including Solar Energy, Hydroelectric Energy (Water) and Wind Energy.

Taking into consideration the Caribbean’s collective development of a regional energy policy whereby Renewable Energy in an effort to promote a sustainable development of the nation. The LifeTree brand is committed to doing its part to ensure sustainable development while remaining committed to its initial goals and objectives. To summarize, LifeTree’s brand of SMARTT Farming’s main focus will include; Agri-tech software Renewable Energy Green Farms

The planned target territories include Qatar, Latin America and the Caribbean, the first of its kind in the region! The ultimate goal is food sustainability and LifeTree Hydro Farms will incorporate both traditional and alternative methods of farming and food production to sustain this effort.

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