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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 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.


TSX:NPK - Post by User

Comment by Benedictuson Jun 14, 2021 10:55pm
222 Views
Post# 33386543

RE:RE:RE:Verde Posts 65 vacant positions on its website

RE:RE:RE:Verde Posts 65 vacant positions on its websiteBased on the stated guidance for 2021 I would agree that this looks like overzealous hiring. Fixed costs were already creeping up in the last quarter. It would be less concerning  if sales growth was projected to double this year and max out current  production capacity but without such guidance this almost appears to be a cart before the horse situation. But it's always easy to second guess a company's operational decisions from the outside... definitely worth getting CV's reasoning behind such aggressive hiring on the next Q&A. 
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