New Global Energy, a public company focused on aqua-farming, agriculture, and health and wellness, has announced that its board of directors has approved the launch of Moringa Reserve to develop, operate, distribute, and sell Moringa-based products to U.S. retail markets.
Moringa Reserve will operate as a joint venture between New Global Energy and Moringa Energy, whose principals are the owners of the world’s largest Moringa farm located in Leon, Nicaragua. The 180-acre farm is a leading source of Moringa and will ensure that Moringa Reserve has access to quality Moringa in sufficient supply to meet demand. The companies signed a definitive operating agreement and production is expected to begin in the second quarter of 2017.
“We are pleased to finalize our joint venture and are confident that we will have enough Moringa to meet future demand,” said Perry D. West, chief executive officer, New Global Energy. “The U.S. market is now more receptive than ever to new Moringa products. It is considered the most nutrient-rich plant on earth with over 92 nutrients and can radically benefit one’s overall health in literally hundreds of ways.”
