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) is very pleased to announce that it has entered into a letter of intent to acquire manufacturing assets that make up the Cobotix Manufacturing Inc.’s (“Cobotix”) business, undertakings and goodwill in Port Coquitlam (the “Acquisition”). The Company and Cobotix will have thirty (30) days to complete the due diligence process and determine a closing date for the Acquisition. In consideration for the assets, the Company will pay to Cobotix up to $2,900,000, subject to a valuation of the assets (the “Consideration”). The Consideration will be satisfied by certain cash payments and the issuance of up to 38,000,000 common shares (the “Common Shares”) in the capital of the Company at a deemed price of $0.05 per Common Share.
VANCOUVER, British Columbia, Feb. 27, 2019 -- Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) issues a correction to the press release issued.
Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is pleased to provide an update on its operations. Over the past four months, the Company has been working on several fronts in order to broaden the Company’s operations and build a strong foundation for future success. In doing so, the Company is extremely pleased to announce the development of three new tower designs, two significant agreements, as well as an invitation to the BC Tech Summit 2019 from the BC Ministry of Agriculture in order to showcase our new towers. Since October 2018, the Company has been working aggressively with our manufacturing partner, Cobotix Manufacturing Inc. (“Cobotix”), to develop new tower designs and new technologies. The result of this work is three new tower designs. We have a newly designed vertical farming tower for soiled-based growing, a new hydroponic version of the vertical farming tower and a newly designed vertical farming tower that is a hybrid of hydroponic and aeroponic growing.
Affinor Growers Inc. - British Columbia Securities Commission ("BCSC") Temporary Order Update