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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 Aug 18, 2023 12:11am
146 Views
Post# 35594273

RE:Verde is significant Potash Producer in Brazil

RE:Verde is significant Potash Producer in BrazilDid you actually listen to the recent conference call? Aside from the possibility for carbon credit sales, the current situation is bearish for Verde. In 1H 23 the company has sold 215Kt of kforte - the equivalent of 35Kt of potash. Brazilian farmers consume more than 7Mt of potash annually. Verde has been in production since 2018 and is selling roughly half of 1% of potash equivalent product. The customer base shrank from 1277 to 1223 last year and is likely going to fall much further this year due to Verde's inaccessibility to inexpensive capital. I'm subscribed to the Verde YouTube channel and I don't think I've seen a new farmer interview in 3:months; they just keep posting edited older interviews. The sales growth of this product is measured in years due to farmer's initial trials and then slowly gaining confidence and expanding it beyond test plots. The talk of reserves, buyouts, PFS phases and rail is complete hopium at this stage. The carbon credits could offer a seriously needed lifeline and it's why the stock isn't below 2 imo.
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