Converted Organics Announced New TerraSphere Licensee, Eco-Leaf Farms; Trading over 50% Higher

Converted Organics Inc. COIN announced today that TerraSphere Systems, LLC continues to build momentum with its vertical farming business by signing a new licensee for the Atlantic Provinces (New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador). Under the agreement, Eco-Leaf Farms will take over the license previously sold to Regional Growth Systems and will own an expanded license to utilize TerraSphere's advanced vertical farming technology, with exclusive rights to a territory which includes New Brunswick and the remaining Atlantic Provinces, to grow fresh produce for local communities. Nick Brusatore, Technical Director of TerraSphere Systems, comments, "We're really excited about this new expanded Atlantic project. Eco-Leaf Farms plans to construct a facility with 30 vertical farming carousels, which, when completed, would make this TerraSphere's largest project, to date, in Canada."