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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 PedroPistacioon Jan 10, 2022 7:02am
291 Views
Post# 34298990

RE:2022/23 Guidance

RE:2022/23 Guidance I am surprised that Verde has made an estimate for 2023 as well as 2022. The volume estimates are interesting. If Verde produces 450k tonnes in Full Year 2021, then the increase in 2022 will be one of 55% up to 700k tonnes, and then a further 100% on top of that to 1.4m tonnes in 2023, which is a massive uplift over two years. Very exciting if these guidance targets are met, but I hope CV hasn't lapsed back into his old habit of over promising, which to be fair he has restrained in the last couple of years. To achieve these targets will require a surge in demand, but also a huge uplift in the logistics of mining and transportation. I look forward to finding out.
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