Verde Agritech Ltd T.NPK

Alternate Symbol(s): VNPKF

Chemicals Basic Materials

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 multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, 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 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.

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Verde Agritech Ltd > Verde lost lawsuit in Brazil and CEO is found guilty

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Comment by 15Stanmoreon Feb 19, 2021 8:40am

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Post# 32607564

RE:Verde lost lawsuit in Brazil and CEO is found guilty

The "$100,000" quoted in the article does not make a distinction between Brazilian Reals or Canadian dollars. While the reputational impact of the courts findings for Mr. Veloso may be significant, if the award is in Reals this works out to be under $25,000 Canadian so of little financial consequence to the Company.

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