- Up to $400 million has been made available to support food purchases with emphasis on purchasing from underserved farmers, ranchers
- Agency strengthens efforts to provide emergency food assistance, expand economic opportunity
- ACTX GrowPods could be valuable tool in effort to build resilient local, regional food-production capabilities
In an effort to provide transform the food system and build a better food system after the global pandemic exposed weaknesses in the system, the U.S. Department of Agriculture (“USDA”) established a Local Food Purchase Assistance Cooperative Agreement Program (“LFPA”) last year (https://cnw.fm/omE5D). Advanced Container Technologies (OTC: ACTX), a company focused on the business of developing, manufacturing and selling advanced cultivation equipment, proprietary packaging systems, and a variety of other products, is ideally suited to help meet the needs of the new USDA initiative to build a new and more equitable food system (https://cnw.fm/gZf00).
According to the USDA announcement, up to $400 million in funding has been made available to support food purchases with an emphasis on purchasing from underserved farmers and ranchers. “Also as part of the Build Back Better Food System Transformation Initiative, USDA’s Food and Nutrition Service is announcing the availability of up to…
NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX
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