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Verde AgriTech Ltd. T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multinutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is located in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Post by goldwatch69on Jul 04, 2020 9:24am
180 Views
Post# 31223720

2020 Production Surprise?

2020 Production Surprise?Hidden in the June 2020 report near the permits table is a footnote that this year, Verde can produce more than the permitted 199,000 tonnes due to unused quota from last year. They are allowed to produce up to 285,000 tonnes this year. This is well below the 500,000 tonne capacity of the new plant constructed and paid for last year and, along with the increased production rate of 2,400 tonnes per day from the new mill, we shall see what happens. If there is a slowdown in imports, there should be more demand. Nevertheless farmers are turning to Verde for their fertilizer as it is catching on and is clearly better and healthier for their farmland and their crops. Go Super Greensand, go!
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