RMC Has Acquired Initial 50 Hives on a Former Industrial Site, With the Goal of Expanding to Over 1,000 Beehives Over the Course of Three Years
The Company Has Identified Over a Dozen Additional Apiary Sites With the Goal of Expanding Its Asset Base to Over 10,000 Beehives Within Five Years, Representing the Care of Over 300 Million Bees
FISHERS, IN / ACCESSWIRE / August 26, 2022 / American Acquisition Opportunity Inc.'s (NASDAQ:AMAO) merger target company, Royalty Management Corporation ("RMC" or the "Company"), a sustainably driven, cash flow-oriented, royalty investment and development company, announced that it has acquired the initial 50 beehives for its apiary (bee keeping) partnership with Land Betterment Corporation's ("Land Betterment") Pollinate division. RMC has provided the capital required to acquire and place these beehives, in exchange for a royalty on the honey produced and sold, with an initial offtake agreement with Land Betterment's Restored Spirits divisions for the first honey produced from RMC's investment. Land Betterment uses the bees to help facilitate natural land rehabilitation, and the honey produced will be used in its distilling process to produce spirits at its upcoming planned distillery in central Indiana.
Of the initial 50 beehives, 12 are currently deployed at this central Indiana apiary location, with the balance anticipated to be ready for deployment at the same location by the start of the spring 2023 beekeeping season. During the winter, RMC has planned to acquire an additional 150 beehives to prepare for the upcoming 2023 season, bringing a total of 200 beehives under RMC's royalty agreement by spring. Thereafter, RMC anticipates increasing beehive acquisitions and deployments by targeting the acquisition of approximately 1,000 beehives in total for this location and has identified over a dozen additional apiary sites with the goal of expanding to over 10,000 hives in total in five years. The Company expects this would represent approximately $3.0 to $5 million in sustainable annual revenues to RMC.
Tom Sauve, Chief Executive Officer of Royalty Management Corporation, commented, "RMC is always looking for innovative and new areas within the market that it can generate sustainable revenues and returns for our investors, while also being a good steward of the environment and the community. The value that bees provide to local agriculture and land remediation is immense, while also providing a valuable feedstock for this new-age spirits division of Land Betterment that will also go to create a significant number of new jobs in this area. We look forward to opportunistically expanding our footprint in this new sector of RMC, while maximize our return on capital for our investors."
RMC is committed to provide capital for the development, sponsored research and initial commercialization of intellectual property and technology for both the domestic and international market. The priorities for the technology is to develop 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 from a variety of industries, with a particular focus on those that are emerging or transitionary, as the company builds a diverse portfolio of royalties, rents, and revenue shares across a variety of industries.
About American Acquisition Opportunity Inc.
American Acquisition Opportunity Inc. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. While the Company is able to evaluate 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 building shareholder value by acquiring, developing, or investing in near-term income producing assets that can provide the company with accretive cash flow from which it can reinvest in new assets or expand cash flow from existing controlled assets. The model is to acquire and structure cash flow streams around a variety of assets, typically within natural resources (including real estate), patents, and intellectual property, that can result in monetizing these cash flow streams while identifying other future transitionary cash flows.
About Pollinate
Pollinate, a Land Betterment brand, is an organic bee and bee products company utilizing impacted lands to rapidly growing apiaries that help improve the environment, improve the bee population and provide all natural honey and bee related products. Bees are the lifeline of the environment and agriculture through their ability to pollinate flower and plants. More information can be found at: www.beespollinate.com/
Special Note Regarding Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect 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 numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the "Risk Factors" section of the Company's registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC's website, 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 Stockholders
This document relates to a proposed transaction between the Company and RMC. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Company intends to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of the Company, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all of the Company's stockholders. The Company also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of the Company are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.
Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov.
Participants in the Solicitation
AMAO and RMC and their respective directors and officers may be deemed to be 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 set forth in AMAO's filings with the SEC, including AMAO's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 25, 2022. To the extent that holdings of AMAO's securities have changed since the amounts printed in AMAO's Annual Report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those persons and Other persons who may be deemed participants in the proposed business combination may be obtained by reading the proxy statement/prospectus regarding the proposed business combination when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the 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 "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
RMC Contact:
Investor Relations
email:[email protected]
AMAO Contact:
Kirk P. Taylor, CPA
President & Chief Financial Officer
(317) 855-9926
SOURCE: American Acquisition Opportunity Inc.