reports
Verde Announces Q1 2024 Results
Verde Announces Q1 2024 Results (All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in Q1 2024: C$1.00 = R$3.67) SINGAPORE, May 14, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) announces its financial results for the period ended March 31, 2024 (“Q1 2024”). Verde's Q1 2024 results were affected by adverse climate conditions, which reduced overall fertilizer demand in Brazil. This contrasts with Q1 2023, which benefitted from record potash prices and agricultural commodity prices, in good part as a consequence of...
Verde AgriTech ranks in Top 100 Teams in XPRIZE Carbon Removal Competi...
Verde AgriTech ranks in Top 100 Teams in XPRIZE Carbon Removal Competition SINGAPORE, April 29, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (“Verde” or the “Company”) is pleased to announce that it has been named as one of the Top 100 most promising carbon removal innovators competing in the XPRIZE Carbon Removal. The goal of the XPRIZE Carbon Removal is to build a new industry of successful carbon removal companies that collectively reach gigatonne-scale. Verde has been ranked amongst the top 100 collection of innovating companies from 25 countries which represent all carbon...
Verde Announces Q4 and FY 2023 Results
Verde Announces Q4 and FY 2023 Results (All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in FY 2023: C$1.00 = R$3.70) SINGAPORE, March 28, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) announces its financial results for the full year ended December 31, 2023 (“FY 2023”) and the fourth quarter 2023 (“Q4 2023”), as audited by Ernst & Young (“EY”). The FY 2023 audited results were consistent with the interim results announced by the Company on January 26, 2024: MetricJanuary 26, 2024 press releaseFY 2023 Audited result...
- Sid Rajeev
- Sid Rajeev
Verde to participate at the 36th Annual Roth Conference
Verde to participate at the 36th Annual Roth Conference SINGAPORE, March 13, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it will participate at the 36th Annual Roth Conference (the “Conference”). The Conference will take place in Laguna Niguel, California, from March 17, 2024 to March 19, 2024, and Verde will be represented by its Vice President of Corporate Development, Mr. Lucas Brown. Mr. Brown will be available for one-to-one meetings during the Conference to promote investment opportunities and present the Company’s ...
Verde announces partnership with leading carbon developer, WayCarbon, ...
Verde announces partnership with leading carbon developer, WayCarbon, to monetise carbon credits SINGAPORE, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (“Verde” or the “Company”) is pleased to announce a strategic partnership with WayCarbon to bolster the development and monetization of its carbon removal project. WayCarbon is 80% owned by Banco Santander, one of Europe's largest banks. It is a leading developer of carbon removal projects and a pioneer in climate change mitigation and sustainability solutions. The partnership is based on Verde’s specialty ...
Verde appoints João Paulo Frez as Chief Revenue Officer
Verde appoints João Paulo Frez as Chief Revenue Officer SINGAPORE, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce the appointment of João Paulo Frez as Chief Revenue Officer (“CRO”). Mr. Frez has over two decades of sales experience in the agribusiness sector, with the past nine years dedicated to developing the market for specialty fertilizers in Brazil. He succeeds Mr. Gilson Guardiero, who has served as the Company’s CRO since Q3 2023. Until February 2024, Mr. Frez served as the Senior Commercial Director for Brazil a...
Verde appoints Marcus Ribeiro as Vice President Sales
Verde appoints Marcus Ribeiro as Vice President Sales SINGAPORE, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce Marcus Ribeiro as Vice President Sales. Mr. Ribeiro will lead a skilled team of 7 account managers, overseeing 2,468 of Verde’s clients. These clients collectively cultivate over 940,000 hectares and present a potential purchase volume of 1.4 million tons of Product. Mr. Ribeiro's responsibilities extend to managing Verde's indirect sales team, with a portfolio that includes 110 independent sales agents and dis...
Verde appoints Renato Mendes as Vice President Strategic Accounts
Verde appoints Renato Mendes as Vice President Strategic Accounts Mr. Mendes will lead a new team working with farmers to enhance their carbon avoidance and removals initiatives SINGAPORE, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce Renato Mendes as Vice President Strategic Accounts. Mr. Mendes will lead a team focused exclusively on Verde’s main customers, who collectively farm over 9 million hectares. This group of 431 customers can potentially avoid up to 245 thousand tons in emission of CO21 and remove an additi...
Verde Announces 2024 Guidance, Highlighting Carbon Capture Potential f...
Verde Announces 2024 Guidance, Highlighting Carbon Capture Potential for the Year, and Provides Update on 2023 Results SINGAPORE, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (the “Company”) announces its preliminary and unaudited results for the period ending December 31, 2023 (“FY 2023”). The Company also announces its 2024 guidance, targeting sales of 800,000 tons of its multinutrient potassium products, BAKS® and K Forte®, sold internationally as Super Greensand® (the “Product”), and a carbon dioxide removal (“CDR”) potential of 38,300 tons of CO2.1 The yearly rev...
Verde achieves C$9.4 million revenue and increases cash position by 82...
Verde achieves C$9.4 million revenue and increases cash position by 82% in the third quarter of 2023 (All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in Q3 2023: C$1.00 = R$3.72) SINGAPORE, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (“Verde” or the “Company”) announces its financial results for the third quarter ended September 30, 2023 (“Q3 2023”). “Our Q3 results overcame the turbulent market conditions experienced in 2023. More importantly, there are reasons for optimism regarding a market recovery: the Brazilian Central Bank...
Verde Announces Life Cycle Assessment Results in Accordance with ISO S...
Verde Announces Life Cycle Assessment Results in Accordance with ISO Standards SINGAPORE, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce the results of its first Life Cycle Analysis (“LCA”)1, completed by LCA Design Corporation, a leading Canadian consultancy firm.2 The LCA determines the climate impacts associated with the production of Verde’s potassium fertilizer K Forte® (the “Product”) from cradle-to-grave.3 The LCA was conducted according to ISO 14040/44:2006 Standard4 and Puro Earth Enhanced Rock Weathering (“ERW”...
Verde Cultivates Financial Resilience with Banco do Brasil and Bradesc...
Verde Cultivates Financial Resilience with Banco do Brasil and Bradesco Backing (All figures are in Canadian dollars, unless stated otherwise. Currency exchange rate: C$1.00 = R$3.70) SINGAPORE, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it has secured 16.2 million Canadian Dollars (“C$”) - 60 million Brazilian Reais (“R$”) - in debt financing facility from Banco do Brasil S.A. (“Banco do Brasil”) and Banco Bradesco S.A. (“Bradesco”), the two largest Brazilian banks (the “Financing”). The funds raised will be u...
Verde AgriTech Advances into phase 2 of Musk-Backed $100M XPRIZE Carbo...
Verde AgriTech Advances into phase 2 of Musk-Backed $100M XPRIZE Carbon Removal Challenge SINGAPORE, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it has successfully advanced to Phase 2 of the largest incentive prize in history, XPRIZE "$100M Carbon Removal" Challenge (the “Challenge”). This challenge seeks innovative solutions to extract and sequester carbon dioxide from the atmosphere, fighting climate change and rebalancing Earth’s carbon cycle. Verde has delivered an ambitious proposal to develop on...
Verde appoints Vice President of Corporate Development
Verde appoints Vice President of Corporate Development Lucas Brown will oversee strategic corporate relations and the expansion of the Company into the carbon market Verde to host Investor Day on October 16, 2023 SINGAPORE, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce Lucas Brown as the new Vice President of Corporate Development. Mr Brown will lead Verde’s expansion into the carbon market, in addition to overseeing the Company’s institutional and investor relations. Lucas Brown has dedicated a decade working in Braz...
Automatic Securities Disposition Plan Established by Verde AgriTech Ch...
Automatic Securities Disposition Plan Established by Verde AgriTech Chief Executive Officer SINGAPORE, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) today announced that its President and Chief Executive Officer, Cristiano Veloso, established an automatic securities disposition plan (“ASDP”) in accordance with applicable Canadian securities legislation and the Company’s internal policies. The ASDP has been established by Mr. Veloso for personal and financial planning purposes and does not reflect Mr. Veloso’s views on the future prospects of...
Verde Appoints Chief Revenue Officer
Verde Appoints Chief Revenue Officer SINGAPORE, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that Gilson Guardiero (“Mr. Guardiero”) will join the Company as its Chief Revenue Officer ("CRO"). With over two decades in agribusiness, Mr. Guardiero possesses relevant expertise in sales, client support and retention, and expansion and optimization of revenue-generating opportunities. As CRO, he will join Verde's leadership team to craft and execute a forward-looking sales strategy that aligns with Verde's broader mission;...
Railway to freight up to 50Mtpy of Verde's Product granted constructio...
Railway to freight up to 50Mtpy of Verde's Product granted construction permit SINGAPORE, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that the National Land Transport Agency (“ANTT”, from Agência Nacional de Transportes Terrestres) and the Brazilian Ministry of Infrastructure have authorized Verde to build a railway branch line (the “Railway”) to transport up to 50 million tonnes per year (“Mtpy”) of Verde’s multinutrient potassium products, BAKS® and K Forte®, sold internationally as Super Greensand®, (the “Product”...
Verde's Products Remove Carbon Dioxide from Air in Mere Months of Appl...
Verde's Products Remove Carbon Dioxide from Air in Mere Months of Application New research shows that Verde's Products may undergo Enhanced Rock Weathering faster than other minerals SINGAPORE, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that its K Forte® and Super Greensand® (“Products”) undergo mineral dissolution in only a matter of months to a year from its application to soils, faster than the most rapid reacting silicate minerals (forsterite), which takes years to decades for a similar dissolution. Mineral dis...
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