Thursday 09 February 2023

Grand Havana finalizes Letter of Intent for land development project

The acquisition will provide GHAV a massive asset base of over 75 acres of premium parcels as well as fully operational agriculture and nursery businesses with over 20 years of expertise

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MIAMI, FL, USA – Grand Havana Inc. today announces that it has finalized a fully executed Letter of Intent (LOI) to proceed with a major land development project in Miami, FL. The LOI is the culmination of a multi-year effort by the leadership of H&H Coffee Group’s private investment arm that is delivering the venture to GHAV’s shareholders and investors.

The acquisition will provide GHAV a massive asset base of over 75 acres of premium parcels as well as fully operational agriculture and nursery businesses with over 20 years of expertise.

Director and Chairman Mr. Alain Piedra celebrated the LOI saying “this purchase crystalizes the relationship with land and dedication to agriculture and artisanal production our families have had for generations”.

He added “our connection to the land coupled with our expertise in development and construction management will facilitate a smooth transition and endless opportunity”.

Moving forward, GHAV and H&H will begin laying the groundwork for potential zoning and other infrastructure needs as urbanization of the lands begins and investors are selected to bring this expansive project to fruition.

Director and COO Mr. Julio Sera noted “we are fortunate to be proficient in the many competencies that will be required to extract the maximum potential from this venture”.

Mr. Sera continued, “the shareholders of Grand Havana deserve relentless execution in every aspect of our business, and this land project will demonstrate our capacity to deliver on that promise”.

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