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Affinor Growers Inc C.AFI

Alternate Symbol(s):  RSSFF

Affinor Growers Inc. is a Canada-based vertical farming technology and greenhouse operations company. The Company is a patented technology developer and supplier of turnkey vertical farming facilities, including proprietary greenhouse, growing towers, automation and cultivation processes. It is focused on developing vertical farming technologies and using those technologies to grow fruits and vegetables in a sustainable manner. The Company has vertically integrated growing systems that can offer automated mechanical pollination for fruiting crops and vertical solutions for the vertical farming industry. It has an expansion plan to grow strawberries, romaine lettuce, kale and spinach across Western Canada. It is growing strawberries at four levels in a 15,000 square foot leased greenhouse in Abbotsford, British Columbia. It has developed and patented its own growing towers in Canada, the United States, Colombia and Aruba.


CSE:AFI - Post by User

Bullboard Posts
Comment by CanadianJrson Sep 25, 2016 10:27pm
108 Views
Post# 25276803

RE:RE:Insider selling @0.06cents?

RE:RE:Insider selling @0.06cents?Agreed insider selling along with Nick Brusitore being CEO of VDL, yet he is their first licensing contract this year and as per 2014 licensing agreement AFI will be getting paid by VDL to use their own equipment and technology while having to pay VDL royalties back on said contract as of January 1st 2017. It's all smoke and mirrors here when you follow the money. Peter is paying Paul then Paul is paying Peter back with his own money making it look like revenue. Only one company is actually making money and it's a private company owned by Nick and that's VDL. When the Quebec facility is built VDL will purchase it by either going public and giving AFI one share for every 5 or 10 new issue or he will just buy it privately and share holders left paying the debt. Also in 2.5 years time the patent license agreement expires and with 90 days notice Nick can cancel any further arrangement there after. That by the way is as of June 23rd 2019 cause the revised agreement was drafted and signed June 23rd 2014. The other option is he will just buy AFI out right with all the money VDL makes in the next 2.5 years with his 50% royalty and equipment deal (reference SEDAR September 23, 2016 audited annual financial report section 11 (ii) a,b,c).
Bullboard Posts