Affinor Growers Provides Greenhouse Project and Market Update
Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) is pleased to provide a market update on the new Abbotsford 15,000 square foot leased greenhouse building as per news release dated January 22, 2021.
On Dec. 1, 2020, new management was installed, and has been focused on the completion of our first commercial automated vertical farm showcase. Purchase orders have been issued for all construction and electrical work, including parts and labor needed for completion. The company has also applied for a BC Hydro 600V 400A power upgrade to the building to work with our electrical contractor Premium Electric. Once BC Hydro completes the power upgrade, Affinor Growers will be able to set a planting and launch date for production of strawberries and romaine lettuce. Shortly thereafter, the company plans to submit an application to Health Canada for a micro-cultivation license including cannabis evidence package. This is expected to be completed sometime this summer pending suppliers having any possible Covid 19 issues causing any delays.
Affinor Growers has also decided to utilize part of the current greenhouse structure to facilitate our automated craft cannabis program, instead of building out a new greenhouse. This will not only save time, but also saves roughly $500,000 in capital expenditures.
Affinor Growers is also looking to launch new composting technology for soil remediation, and looking at alternative energy solutions to achieve a goal of sustainability and profitability, while creating a high-quality product grown in remediated soil, sun and water.
Affinor Growers intends to own all land and facilities as they expand across Canada after this showcase is up and running. The company also plans to license its patented technology, automation turnkey process and QA processes globally. Affinor Growers will also be launching its newly designed Website very soon as new developments occur. Join the VIP list online at the website listed below.
Nick Brusatore, CEO: “I would like to thank the shareholders of Affinor Growers for their continued support as our new management is focused on getting this facility up and running as fast as possible and launching this very high-profile, state of the art, automated vertical farming technology and processes to the world stage.”
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/en
On behalf of the Board of Directors,
Affinor Growers Inc.
Nick Brusatore
Director /CEO
nick@affinorgrowers.com
- Published in Affinor Growers, News Home
Affinor Growers Announces $0.05 Unit Private Placement
VANCOUVER, British Columbia, March 09, 2021 (GLOBE NEWSWIRE) — Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) is pleased to announce it is undertaking a private placement of up to 20,000,000 units (the “Units”) at a price of CDN$0.05 per Unit for gross proceeds of up to CDN$1,000,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional Share (a “Warrant Share”) at a price of CDN$0.07 per Warrant Share, for a period of 12 months from the date of issuance. The net proceeds of the Offering will be used to enter the Canadian Cannabis industry and build out Affinor Growers’ first turnkey full scale vertical automated craft cannabis micro facility; this will showcase the commercialization of Our patented vertical farming technology, not only for fruits and vegetables, but also in the cannabis space.
Nick Brusatore: I believe I speak for us all when I say the Affinor Growers management team believes in high quality and service, this showcase in the cannabis space will show the markets just how we fit in.
The Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approvals of the Canadian Securities Exchange (the “CSE”).
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. A finder’s fee may be paid in connection with the Offering to eligible arm’s length finders in accordance with CSE policies and applicable securities laws.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
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 and vegetables in a sustainable manner.
To learn more about Affinor, visit: https://www.affinorgrowers.com/en
On behalf of the Board of Directors,
Affinor Growers Inc.
Nick Brusatore
Director /CEO
nick@affinorgrowers.com
- Published in Affinor Growers, News Home
Affinor AGM adjourned; to reconvene March 12
Affinor Growers Inc. has adjourned the annual general meeting of shareholders, scheduled for today. The meeting will be reconvened on March 12, 2021, at 10 a.m. Vancouver time. The meeting will be held by in person/by teleconference at the offices of McMillan LLP, 1500 Royal Centre, 1055 West Georgia St., Vancouver, B.C., V6E 4N7. Proxies will be accepted up to the date and time of the meeting and in person at the meeting. The record date for the meeting will remain the same. Shareholders are encouraged to vote their shares.
About Affinor Growers Inc.
Affinor is a publicly traded company listed on the Canadian Securities Exchange 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 and vegetables in a sustainable manner.
- Published in Affinor Growers
Affinor closes $1-million private placement
Affinor Growers Inc., further to its news release dated Jan. 22, 2021, has closed a non-brokered private placement of 28,714,285 units of the company at 3.5 cents per unit for gross aggregate proceeds of $1,004,999.98.
Each unit consisted of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of five cents per warrant share, on or before Feb. 26, 2022.
All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws ending on June 27, 2021. The company paid aggregate cash finders’ fees totalling $18,208.92 to certain eligible finders.
The company intends to use the proceeds from the offering to fulfill its obligations pursuant to its recently announced lease agreement with Nicholas Brusatore.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Director and chief executive officer Mr. Brusatore said: “Now that we are enabled with funds, it will certainly be a pleasure to finally showcase our patented, automated, vertical farming technology to the world. I personally look forward to serving the Affinor Growers shareholders and working diligently with our team to get this high-profile agriculture project into revenue.”
About Affinor Growers Inc.
Affinor is a publicly traded company listed on the Canadian Securities Exchange 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 and vegetables in a sustainable manner.
- Published in Affinor Growers
Affinor appoints Brusatore to audit committee
Nick Brusatore has been appointed as a non-independent member of Affinor Growers Inc.’s audit committee. Mr. Brusatore will also continue in his roles as chief executive officer and as director of the company.
Mr. Brusatore said: “This is a great first step in building trust with our current shareholder base. We hope to increase our exposure in the market with the completion of the new Abbotsford greenhouse operation.”
About Affinor Growers Inc.
Affinor is a publicly traded company listed on the Canadian Securities Exchange 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 and vegetables in a sustainable manner.
- Published in Affinor Growers
Affinor Growers Closes Financing & Announces Director Resignation
Vancouver (Canada), October 30, 2015 – Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, announces that the financing reported on October 27, 2015 has been closed. Mr. Gary Lloyd has also resigned from the Board of Directors to pursue his other businesses but will remain as an advisor to Affinor.
Affinor issued 8,333,333 units (a “Unit”) at $0.06 per Unit, for gross proceeds of $500,000. Each Unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a 24-month period, expiring October 30, 2017, at a price of $0.15 per common share. Affinor now has 99,848,361 common shares outstanding.
As part of the financing, Affinor paid a $50,000 finder’s fee in cash and issued Finder’s warrants, entitling the holders to purchase up to 833,333 common shares for a period of 24 months at $0.15 per share. The securities issued are subject to a four-month hold period, expiring on March 1, 2016.
SBSK Investments Corp. (“SBSK”) of Burnaby, BC was the sole subscriber, resulting in SBSKacquiringapproximately 8.35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} (basic) and 15.41{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} (partially diluted, assuming the exercise of only SBSK’s warrants) of the issued and outstanding common shares of the Corporation.
SBSK acquired the common shares pursuant to the private placement for investment purposes and has no present intention to acquire further ownership of, or control over, additional securities of the Corporation, but may choose to acquire additional securities of the Corporation in the future for investment purposes.
This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by SBSK in connection with the acquisition of the Units is available on the Corporation’s SEDAR profile.
Director Resignation
The Corporation also announces that Mr. Lloyd has resigned from the Board of Directors and will join Affinor’s advisory board.Mr. Lloyd has been helpful in advising Affinor in several areas, specifically regarding the distribution of produce in North America. Affinor wishes to acknowledge and thank Mr. Lloyd for his contributions to the Corporation over the last several months.
About Affinor Growers Inc.
Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol (“AFI”). Affinor is focused on growing high quality crops such as romaine lettuce, spinach and strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Jarrett Malnarick”
President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracyof this release.
This press release is not for distribution or dissemination in the United States and accordingly, shall not constitute an offer of securities in the United States. The securities that may be issued pursuant to this press release are not currently qualified by prospectus or registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state, and may not be offered or sold in the United States, or to, or for the account or benefit of United States persons (as defined in Regulation S under the Securities Act) or persons in the United States absent registration or an applicable exemption from the registration requirements. The securities are subject to resale restrictions under applicable securities laws.
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995
- Published in Affinor Growers
Affinor Growers Receives Purchase Order from Major Grower and Distributor to install State of the Art Vertical Growing System in Michigan USA
Vancouver (Canada), October 8, 2015 – Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, announces that they have signed the first purchase order to install a vertical tower into Michigan, USA. This equipment purchase is a test to make sure the mechanically pollinated Strawberry yields and production is in line with the needs of the market, profitability and quality.
Nick BrusatoreVP Technology commented that “I am very happy this equipment is being installed into Michigan USA and we look forward to the results and potential expansion through 2016. We are excited to be involved in the new wave of berry production to assist with this problematic crop in the industry.”
About Affinor Growers Inc.
Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol (“AFI”). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Jarrett Malnarick”
President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
- Published in Affinor Growers
Affinor Growers announces senior management changes
Vancouver (Canada), October 2, 2015 – Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, announces that the Board of Directors have appointed Mr. Jarrett Malnarick as interim CEO and Mr. Mark T Brown as CFO. The management changes reflect the plans for the company’s next phases of growth. Mr. Sebastien Plouffe and Mr. Hugh Bowman have both resigned from their positions as of today. Mr. Pierre C Miron, the former CFO has also resigned as CFO and Director and Affinor has concluded a termination agreement with him.
The board would like to thank Mr. Plouffe, Bowman and Miron for their guidance, leadership and input during the early days of Affinor’s development. Mr. Sebastien Plouffe, former President and CEO, comments: “I became Affinor’s CEO in 2013 and since then I grew the company and helped significantly to build and do something good for the shareholders. For personal reasons, it’s time for me to leave. I believe in the success of the Company and the changes in the management are positive. I will continue to support the Company and I wish all the best to Affinor.”
Mr. Jarrett Malnarick has been appointed as the interim CEO. He has been Affinor’s COO for the past year and a half and is knowledgeable about the technology and company direction. Mr. Malnarick is known for his hands on approach and has over 15 years of experience in product development, retail logistics, operational systems development, effective team building and regulatory compliance. Mr. Malnarick has held a number of executive positions and has earned a Bachelor of Science from the University of Victoria.
Mr. Malnarick, Affinor’s new interim CEO, comments: “I am honored to have been selected for the interim CEO and feel a strong sense of commitment to Affinor, the directors and investors. I am excited to work with the board and staff to deliver on the priorities set for Affinor.”
Mr. Mark T. Brown B. Comm. CPA, CA, is the President of Pacific Opportunity Capital Ltd., in Vancouver B.C. Mr. Brown has assisted in the successful establishment of several private and public companies. In the public company sector, Mr. Brown has played key roles in the success of several companies which his team at Pacific Opportunity has listed the TSXV, the TSX and the NYSE Mkt Exchanges. His corporate focus is merger and acquisition transactions, financing, strategic corporate planning, and corporate development. One of the companies founded by the team at Pacific Opportunity was built into a plus $500 million market capitalization entity and they have had many smaller success over the past 20 years.
Prior to joining Pacific Opportunity, Mr. Brown managed the financial departments of two TSE 300 companies, Miramar Mining Corp. and Eldorado Gold Ltd. Mr. Brown has a Bachelor of Commerce from the University of British Columbia and qualified as a Chartered Accountant in 1993, while working with PricewaterhouseCoopers in Vancouver. Mr. Brown’s family history includes having run large greenhouse operations near Vancouver for many years as Brown Brothers Florists and he looks forward to working with the team at Affinor in working to modernize these processes.
The main reasons ofthose changes are to improve efficiency of the Corporation and to reduce the burn rate. In that sense, the Corporation is also moving the office to Vancouver. The Quebec development project is still a priority and when the full financing will be in place, a special team will be hired specifically for the project. Regarding this project, negotiations are continuing in order to finance it with the right strategic partners in the industry. Affinor is also focusing on technology licensing opportunities, selling the equipment to strategic partners mainly in the food industry to demonstrate the quality of the products and the economic viability of the model.
The Corporation has also agreed to settle a total of $78,207 of debt relating to consulting fees and service fees to certain arm’s-length and non-arm’s-length parties by issuing an aggregate of 1,303,450 common shares of Affinor at a deemed price of six cents per share. Further, the Corporation has granted, in compliance with their option plan, hundred thousand incentive stock options to a consultant. Each option is exercisable into a common share of Affinor at ten cents per common share for a period of two years.
About Affinor Growers Inc.
Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol (“AFI”). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Jarrett Malnarick”
President & CEO
(604) 837-8688
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
- Published in Affinor Growers
Affinor Growers announces resignation of Mr. Nick Brusatore as Executive Chairman, nomination of Brian Whitlock to the Board and Palisade Capital as Financial Consultant
Montreal (Canada), September 14, 2015 – Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, announces the resignation of Mr. Nick Brusatore as the Executive Chairman of the Corporation, effective immediately.
Mr. Brusatore will continue to be a board member and will now dedicate his time as Affinor’s VP – Technology. The Corporation is presently in discussions and evaluating key candidates for the Chairman’s position.
Sebastien Plouffe, Affinor’s President and CEO, comments: “Nick was instrumental for the growth of the Company and at the present time I believe his new position as VP – Technology will be more helpful to achieve our business model. As the largest shareholder, we have no doubt that Nick will continue to do his best to bring the company to the success.”
Nick Brusatore comments: “I am excited about this change as I see my stepping down is a huge step forward for Affinor Growers, I am a mechanical designer and a grower of plants using sciences and have now completed our designs to help the world with automated food production vertical farming systems and now I look forward to launching it to the world.”
The Corporation also announces the nomination of Mr. Brian Whitlock as a new Board Member. Mr. Whitlock was already a shareholder of Affinor and he invested a significant amount in the recent private placement. Mr. Whitlock ran his own residential and commercial construction and development company for 18 years. Since 1999 he has been a Transportation Coordinator in the Vancouver Film and Television Industry. He also owns and manages his own fleet of film production vehicles. His detailed coordination of complex situations and superior management skills has proven him to be a leader in his field. He will definitely be helpful in Affinor’s logistic and with his experience in the industry, his advises shall be highly listened.Under the terms, Mr. Whitlock will receive 500,000 incentive stock options to purchase common shares. The options are exercisable on or before September 14, 2018, at an exercise price of 10 cents per share.
Finally, the Corporation is pleased to announce that Palisade Capital Corp. (“Palisade”) has been retained as the independent consultant to provide investor relations and marketing services, setting up marketing teleconferences and road shows for the European, Canadian and U.S. investment community, and assisting in the distribution of news releases. Collin Kettell and Sean Zubick, the principals of Palisade, will be primarily responsible for providing the marketing services to Affinor.
Palisade is an offshore merchant banking group, specializing in high-growth, small-cap investments. Through its global network of private equity groups, fund managers, high-net-worth and retail investors, Palisade is able to create strategic relationships to drive increased liquidity and source financing. (www.palisadecapitalcorp.com)
Sean Zubick, COO of Palisade commented, “We are very excited to work alongside the entire team at Affinor Growers to make 2015 and 2016 a major success. Vertical Farming has the potential to represent a major component of future food supply and Affinor has developed the technology to bring it to fruition.”
Effective September 15, 2015, the services agreement for investor relations and market making is for a term of 12 months for a fee of $8,400 per month. Palisade has been granted 300,000 options exercisable at 10 cents for a period of 3 years. Palisade subscribed for 3,000,000 units for an aggregate amount of $150,000 in Affinor’s financing completed last Friday.
About Affinor Growers Inc.
Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol (“AFI”). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Sebastien Plouffe”
President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile onwww.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contact Information:
Affinor Growers Inc.
Amanda Weber, Corporate Consultant
Phone: (604) 512-3230
Email: Amanda@affinorgrowers.com
Website:www.affinorgrowers.com
- Published in Affinor Growers
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