RSSFF Affinor Growers Inc

Affinor Growers Provides Greenhouse Project and Market Update

Affinor Growers Provides Greenhouse Project and Market Update

VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- 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:

On behalf of the Board of Directors,

Affinor Growers Inc.

Nick Brusatore

Director /CEO

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.



EN
13/04/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Affinor Growers Inc

 PRESS RELEASE

Affinor Growers Closes First Tranche of Non-brokered Private Placement

Affinor Growers Closes First Tranche of Non-brokered Private Placement VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) is pleased to announce that it has closed a first tranche of a non-brokered private placement (the “Financing”) with gross proceeds of $124,000. The financing consists of Units at $0.08 per Unit. Each Unit compromised of one common share and one common share purchase warrant (“Warrant”), each Warrant entitles the holder to purchase one common share of Affinor growers at a price of ...

 PRESS RELEASE

Early Warning Report Filed Pursuant to NI 62-103

Early Warning Report Filed Pursuant to NI 62-103 THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES         VANCOUVER, British Columbia, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Pavenham Development Corp. (“Pavenham”), with an address at 2321 Bolding Road, Mill Bay, British Columbia, V0R 2P4, has acquired ownership of 1,600,000 units (“Units”) issued by Affinor Growers Inc. (the “Company”), a corporation with a head office at 595 Howe Street, 4th Floor, Vancouver, British Columbia V6C 2T5 (the “Acquisition”). Each Unit is comprised of one ...

 PRESS RELEASE

Affinor Growers Announces Securities for Debt Transactions

Affinor Growers Announces Securities for Debt Transactions VANCOUVER, British Columbia, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI; OTCQB: RSSFF), a vertical farming technology and operations company with a commercial production facility in Abbotsford, BC, announces that it has entered into debt settlement agreements with certain creditors (the “Creditors”) to settle an aggregate of CAD$229,355 in debt (the “Debt”). In settlement of the Debt, the Company will issue an aggregate of 2,293,550 units of the Company (the “Units”) at a deemed p...

 PRESS RELEASE

Affinor Growers Announces Private Placement Repricing

Affinor Growers Announces Private Placement Repricing VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFF) After reviewing the market conditions the Company will be reducing the per unit price of the private placement announced June 24, 2022. The price per Unit will be reduced from CDN $0.20 per Unit to CDN $0.15 per Unit. The price of the Warrant will be reduced from CND$0.30 per Warrant share to CND $0.25 per Warrant share. All the other terms and conditions of the private placement will remain the sa...

 PRESS RELEASE

Affinor Growers Appoints New Chairman

Affinor Growers Appoints New Chairman VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI) (OTCQB: RSSFD) is pleased to announce Ben Hogervorst as Chairman of its Board of Directors. We are very pleased to welcome Ben as the new Chairman of Affinor and excited to work with him, Mr. Hogervorst is owner and CEO of Britespan Building Systems Inc the supplier and Partner in the newly developed Atlantis Greenhouse design, Britespan provides fabric building solutions to clients across North America and the globe in the ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch