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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VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce Bo Slack has joined the Affinor advisory board to assist with growth plans for local, year-round, strawberry production across Canada, the USA and internationally. Mr. Bo Slack is an accredited produce leader with over 30 years of progressive experience in all facets of Innovative Agricultural Operations, Marketing, Food Safety and Sustai
VANCOUVER, British Columbia, June 22, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that it has filed for patent protection for newly designed modular, nitrogen enriched, drying and curing vessels. The Company plans to utilize this mechanical and process design in all its cannabis craft grow operations. The company has plans to grow across Canada and globally. Affinor will showcase the vessels in its first commercial, gr
Medical Cannabis Production Affinor Growers Patented Vertica Growing Technology VANCOUVER, British Columbia, June 16, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that it has ordered one hundred of its patented vertical growing towers for the production of strawberries and cannabis pending Health Canada licencing. Affinor’s automated, vertical farming technology is expected to yield 3-4 kg per tower, per harvest of drie
VANCOUVER, British Columbia, May 19, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. ("Affinor Growers" or the "Corporation") (CSE: AFI) (OTCQB: RSSFF), announced today that they will be participating in Renmark Financial Communications Inc.’s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Wednesday, May 19, 2021 at 12:00PM EDT. Affinor Growers Inc. welcomes stakeholders, investors, and other individual followers to register and attend this live event. The presentation will feature Nick Brusatore, CEO. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on The Company’s Investor website. REGISTER HERE: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-cse-afi-otcqb-rssff-2021-05-19-120000 To ensure smooth connectivity, please access this link using the latest version of Google Chrome. About Affinor Growers Inc.Affinor is a biotechnology company acquiring, patenting and commercializing vertical farming technology for both the indoor controlled environment and outdoor greenhouse agriculture industry. Fresh food organic produce is a $33.8 billion industry and is expected to nearly double by 2025. Affinor sells our technology to existing farmers, entrepreneurs wanting to build new state-of-the art growing facilities and larger partners wanting exclusivity in regions or crops with right to re-sell the technology. The world's population has created challenges in food security and pressure on natural resources creating problems that can only be solved through technological advancement. As a practice, traditional farming is not going to disappear, but it is crucial that alternative agricultural practices and technology be devised to alleviate the innate limits of conventional farming methods. As a solution, Affinor Growers Inc. offers patented agricultural technology and proprietary cultivation systems for both the indoor and greenhouse growing environments. About Renmark Financial Communications Inc.Founded in 1999, Renmark Financial Communications Inc. is North America’s leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly-traded clientele to maximize their visibility within the financial community and strengthen their investor audience. CONTACT:Renmark Financial Communications Inc.Joshua Lavers: email@example.com Tel: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com
VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that it has signed a binding Letter of Intent to purchase 100% of the private equity in Vertical Designs Aruba (“VDA”). The Aruba corporation was established in 2018 to produce fruits, vegetables and, pending receipt of a medical cannabis production license from the Government of Aruba, the consideration is all shares at 52,000,000 common shares and contingent upon the achievement of certain performance milestones: The terms of the purchase and performance milestones are as follows: Milestone 1: Cannabis Production for Exportation Licence is issued from the Government of Aruba and up to 49% of the project is sold for a specified minimum price (Minimum Sale Price) subject to approval by the Affinor Board of Directors of AFI.CN. Terms: Upon achievement of Milestone 1, The shareholders will receive 26,000,000 common shares in AFI.CN with the standard 4-month hold. An executive bonus of 10% of the amount above the Minimum Sale Price noted above plus CDN$500,000. A pre-determined amount of the Minimum Sale Price will be retained in VDA to build out the first facility in Aruba. Milestone 2: Build out a minimum 200 (two) tower facility in Aruba. The first 5,000 - 6,000lbs (2,300 to 2,700 kilos) of cannabis produced in Aruba is successfully exported and completely sold out at a pre-determined or mutually agreed amount.Terms: Upon completion of Milestone 2, the balance of 26,000,000 common shares in AFI.CN will be issued the former VDA shareholders with a standard 4-month hold. Affinor’s plan in Aruba is to produce food and cannabis sustainably and cost-efficiently in one of the best growing climates worldwide. Over 100 acres on the proposed north island site is available and can accommodate 1,000 vertical towers per acre. Full development would create a new global medical cannabis industry leader and open international markets. The benefits to Aruba include local food production to reduce imports, high wage employment, education, technology transfer and taxation income. Affinor’s patented farming technology and QA processes are sustainably delivered through alternative energy from Tesla, composting technology, and LED lighting. Affinor is utilizing The Tesla Powerwalls and Solar in its Abbotsford BC greenhouse. This is especially important as the company grows across Canada and works toward full ESG compliance globally. Affinor’s vertical farming technology levels the playing field for plant production globally. Nick Brusatore CEO: “Affinor’s mission is to serve the world with sustainable agriculture technology with no compromises on quality. I am so excited about this project. Aruba is a warm, beautiful country filled with wonderful people. I am so proud to be part of the movement for global sustainability and national self-sufficiency serving nations like Aruba.” Certain insiders of the Company are related parties to VDA and as such, the transaction is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to insiders nor the consideration paid by such persons exceeded by 25% of the Company’s market capitalization. About Affinor Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner. To learn more about Affinor, visit: https://www.affinorgrowers.com Renmark Financial Communications Inc. Joshua Lavers: firstname.lastname@example.org Tel: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTION REGARDING FORWARD-LOOKING INFORMATION This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.