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Wine grape outlaw Jeff Hill scores multi-million-dollar stock deal

Jeff Hill. Photo courtesy of NY Times

Despite two felony convictions and a current federal indictment, Jeffry Hill has scored an agribusiness stock deal that could be worth millions.

 

Last month, a small-cap public company, Vegalab, Inc. (VEGL: OTCQB) announced it had bought Hill’s company — The Agronomy Group, LLC (TAG) — in a deal Vegalab documents indicated was worth just under $5 million.

 

Vegalab, is a Nevada corporation, headquartered in North Palm Beach, FL. According to its OTC company profile, it is “a distributor of fertilizers, pesticides, and specialty biological agents for use in agriculture that are “all natural” in that the active ingredients consist primarily of oil extracts from different plant sources.”

 

TAG is an organic fertilizer and pesticide business founded by Hill and later co-owned with Kingsburg rancher Ryan Sweeney who operated a similar organic agribusiness, Agrobactor. It’s not known what percentage of TAG each man owns.

 

The remainder of this article and court documents are available to Wine Executive News Premium Subscribers.

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Also in this 993-word premium article

  • Stock deal may be cause of federal fraud trial delays and sealed records.

  • 600,000 shares and 1.6 million warrants

  • Paper-based deal is a big bet on the future

  • Jobs for Hill, Sweeney

  • Agronomy Group’s shares: Big potential impact on small float

  • VEGL: From beef jerky to organic agrochemicals

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