Affinor Growers Closes Technology License with Vertical Designs Ltd. to Enter the Billion Dollar Strawberry Market
24 Junio 2014 - 8:12AM
Marketwired Canada
Affinor Growers (CSE:AFI)(OTCQB:RSSFF)(FRANKFURT:1AF) ("Affinor" or the
"Corporation) is extremely excited to enter the multi-billion dollar strawberry
market after closing the exclusive licence to grow market-ready strawberries
using automated, software-driven, vertical farming technology from Vertical
Designs Ltd. (VDL).
This patent-pending technology was designed to mass produce high quality
strawberries grown indoors without the use of harmful chemicals or pesticides
and Affinor Growers plans to meet the global demand for strawberries with a
non-GMO, healthy alternative produced with VDL technology.
VDL systems uses enhanced farming methods, which have been designed to help
solve global food security and shortage issues. The automated, software-driven
technology is unique for it's mechanical pollination, zero water waste and
ability to grow grade A1 strawberries year-round regardless of seasonality.
According to the Agriculture Marketing Resource Center (agmrc.org) "The
strawberry market is valued in the multiple-billions and surpassed the fresh
apple industry for the first time in 2010".
Current methods of growing strawberries use incredible amounts of chemicals and
pesticides and rely on fossil fuels for shipping and distribution. Pesticide
Action Network analysis of pesticide residues using USDA data found 54 different
pesticide residues were detected among strawberry samples. The testing turned up
nine known or probable carcinogens, 24 suspected hormone disruptors, 11
neurotoxins, 12 developmental or reproductive toxins, and 19 honeybee toxins.
Traces of fungicides captan and pyraclostrobin turned up on more than half of
strawberry samples tested.
Spoilage is also a major cost factor so Affinor Growers plans to build
facilities near urban centers which can radically lower shipping costs and
dramatically reduce spoilage which will extend the shelf life of crops produced.
Vertical Designs Technology can produce 10 to 15 times the yield per square foot
than land-based growing and minimizes the environmental impact in terms of water
use, land, and power.
"I sampled a 53 gram fully vine-ripened strawberry produced by Affinor, and it
was better than any other strawberry I have ever tasted, including our local
summer berries." - Rick Easthom, former Manager of Retail Development for
Choices Food Markets"
Under the terms, Affinor is issuing 666,666 common shares of the Corporation at
a deemed price of 75 cents per share to VDL and will pay a 5-per-cent net
royalty on the net sales of production.
Sebastien Plouffe, President & CEO, comments: "This is a huge deal for Affinor
as it will allow us to build our first strawberry facility immediately using
VDL's proven technology".
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 and high quality
medical Marijuana. 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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorgrowers.com
www.affinorgrowers.com
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com
Momentum PR Inc
Max Gagne, President
(514) 913-0351
max@momentumpr.com
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