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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 15Stanmoreon Sep 01, 2021 5:03pm
178 Views
Post# 33798279

RE:RE:RE:RE:Sharing a recent post

RE:RE:RE:RE:Sharing a recent postHello Sugoioi,

The reference to $6.45 was the highest price at which Verde raised capital from shareholders which was the March 2012 issue where 4,457,364 shares were sold to raise $28,750,000. 

This is the share price at which the shares acquired under the most recent stock option (750,000 shares at $1.22) would be avaiable to CV as per the escrow agreement negotiated with the Board (voluntarily accepted by CV) on March 5 2021.

One large farm buying fertilizer from the distributor represented by the owner's son-in-law is a great explanation as to why that particular farm doesn't buy from Verde, equally offset by the large farms owned by the Veloso family who I am am sure only buy from Verde and are happy to pay full price for their orders.

Based on the 2020 Audited financial statements, Verde had 98 officers and employees at December 31, 2020 and have added I believe 26 more during 2021, particularly in the sales and admin functions, although some in the extraction and processing area as tonnes sold has increased.  

I hope this helps in your interesting analysis - I am happy to use my Verde database to address any other factual information you might need or find useful.

Cheers,

S.


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