Affinor Growers, Inc is one of the companies that have diversified their portfolios and made their entries into the medical cannabis industry. Based in Canada, Affinor started out as a mining company but is now a grower of various produce and on its way to growing premier medical marijuana.
The company was founded in 1996 and was formerly known as Affinor Resources, Inc. It operated as a junior mining company that had projects in Canada as well as Colombia. The company states that when it discovered a group of experts who were working on mass-producing plants using a non-GMO system, it recognized the opportunities in plant cultivation. This, combined with the cannabis “green rush” happening in North America, prompted the company to expand into the industry.
In May 2014, the company became Affinor Growers, Inc. With a market cap of USD 11.45 M, it is listed in multiple exchanges: the Canadian Securities Exchange as AFI, the US OTCQB as RSSFF, and the Frankfurt Exchange as 1AF.
AFI emphasizes business adaptability in its expansion to growing marijuana. It is now waiting for the approval of its license under Health Canada’s Marihuana for Medical Purposes Regulations (MMPR).
In the meantime, the company is a leading grower of non-GMO, pesticide-free strawberries. It is also completing its facilities for producing high-quality leafy green vegetables such as spinach and lettuce, and these facilities will also eventually be used for medical-grade marijuana. For its current growing operations, it uses proprietary technologies to control growing environments and nutrient levels, as well as to pollinate plants.
The management team at AFI is led by CEO and President Sebastien Plouffe, alongside Chairman Nick Brusatore, CFO Greg Dennison, and COO Jarrett Malnarick.
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Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) provides a corporate update and update on the filing of the Company’s unaudited condensed interim financial statements for the nine months ended February 29, 2020. With that in mind, Affinor is working harder than ever to commercialize its current technology and also working with Cobotix Manufacturing Inc. in developing additional vertical farming technologies to expand our product line. In December 2019, the Company entered into an agreement with Fundamental Lighting Solutions Inc. (“Fundamental”) and Cannalife Solutions LLC (“Cannalife Solutions”) to test the LED cannabis lights.
VANCOUVER, British Columbia, April 28, 2020 -- Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) announces a postponement in its Q3 Interim.
Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) issues a message from its CEO and announces the testing results of its first grow trial using the LED cannabis lights. In December 2019, the Company entered into an agreement with Fundamental Lighting Solutions Inc. (“Fundamental”) and Cannalife Solutions LLC (“Cannalife Solutions”) to test the LED cannabis lights. Affinor would like to take a moment to thank all the front-line workers, across all industries, supporting our society during this Covid-19 pandemic.
Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is extremely excited to announce that the Company has entered into a testing agreement with Fundamental Lighting Solutions Inc. (“Fundamental”) and Cannalife Solutions LLC (“Cannalife”) to test the LED cannabis lights being developed jointly by AFI and Fundamental. The led cannabis growing lights use a significant amount of less energy while producing a fraction of the heat as compared with high-pressure sodium lights used in the majority of cannabis growing operations across North America. In addition, the LED cannabis growing lights last several years longer and can be easily adapted to the newest LED chip technology.
Affinor Growers Inc. (the “Company” or “Affinor Growers”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is pleased to announce that it has closed its previously announced non-brokered financing of unsecured convertible debentures (the “Debentures”) in the principal amount of $500,000 (the “Offering” or “Principal Amount”). The Debentures will mature on November 1, 2020 (the “Maturity Date”) that is twelve months from the date of issuance (the “Issue Date”) and bear interest at a rate of 15% per annum, accrued and paid annually, with such interest rate being calculated on the basis of 30 days per month and 360 days per year. Repayment of the Principal Amount, together with the interest accrued but unpaid, will be made on or prior to 5:00 p.m. (Vancouver time), on the Maturity Date.