Vancouver, British Columbia–(Newsfile Corp. – June 28, 2016) – Affinor Growers (CSE: AFI) (FSE: 1AF) (OTCQB: RSSFF) continues to announce new licensing agreements, with the signing of a non-exclusive licensing agreement with a private Alberta company. This agreement allows the Licensee to purchase and install Affinor’s growing towers in order to grow and produce strawberries and romaine lettuce at a single location in Alberta. This followed recent announcements covering Quebec, Tennessee and Abbotsford, British Columbia.
Cannot view this video? Visit:
Jarrett Malnarick, President & CEO, stated: “Affinor Growers is pleased to sign another license agreement in Alberta, now allowing us to install our technology in a variety of locations throughout North America.”
Compared to conventional farms, Affinor’s Controlled Vertical Farming has a number of inherent advantages. It is significantly more efficient in terms of usage of space and reliance on water, and also enables foods to be grown in soils without the use of pesticides, nutrient rich and free from chemical contaminates. Designed for versatility, many crops can be cultivated, including leafy greens, flowering fruits and floral products.
By utilizing the vertical space not typically used in greenhouse farms, Affinor’s technology can often triple production or more depending on vertical height. Designed to allow maximum sunlight penetration through proprietary “off-set” radial arms combined with continual rotation of the equipment, crops will mature quicker with increased quality. Affinor is the only company to offer patented vertical farming technology to both the indoor controlled environment and outdoor greenhouse industries, together with technology incorporating mechanical pollination for fruiting berries ensuring 100 percent fruit sets.
The shares are currently trading at $0.045, and with 99.8 million shares outstanding, the company is capitalized at $4.5 million.
For more information, please visit the company’s website, www.affinorgrowers.com, contact Jarrett Malnarick, President & CEO, at 604-837-8688 or email [email protected]
About InvestmentPitch Media
InvestmentPitch Media is arguably the largest producer and distributer of video news content, primarily for small and mid-cap companies. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
Barry Morgan, CFO