Affinor Growers Provides Greenhouse Project and Market Update
Affinor Growers Inc. (OTCQB: RSSFF) announces progress on its Abbotsford greenhouse project following management changes in December 2020. The Company has initiated construction and electrical work for its automated vertical farm, including a critical power upgrade from BC Hydro. Affinor is also repurposing part of the greenhouse for a cannabis program, saving approximately $500,000. Plans include launching composting technology and seeking alternative energy solutions for sustainable farming. The Company aims to license its technology globally and is preparing to submit a micro-cultivation license application to Health Canada.
- Completion of construction and electrical work for a vertical farm.
- Repurposing greenhouse for cannabis cultivation saves $500,000.
- Plans for sustainability with new composting technology.
- Aiming for global licensing of patented technology.
- Potential delays due to COVID-19 impacting construction timelines.
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
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
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.
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