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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