Affinor Growers Inc C.AFI

Alternate Symbol(s): RSSFF

Consumer Defensive Packaged Foods

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.

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Affinor Growers Inc

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Comment by NoB4everon Oct 11, 2016 12:18am

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Post# 25329524

RE:RE:RE:RE:Cannabis Task Force Report coming in November!

They signed a good deal in the US in the spring that they will start being paid for anytime now. This is just the beginning.
The agreement allows the Licensee to purchase and install Affinor's growing towers in order to grow and produce fruits and vegetables. The facility will be the first commercial facility located in the US.
The company plans to purchase and install 24 towers, and may install further towers at a later date. Affinor expects to receive payment for the towers during the fall. When the towers are installed and producing, under the agreement, Affinor will receive 10% of sales as a royalty up to $100,000 in royalty payments, and then a 3% of sales royalty thereafter.

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