Vertical farming is a fast-growing segment of the agri-tech industry, and
Affinor Growers Inc. (
CSE.AFI,
OTCQB: RSSFF,
Forum) is one such company leading the revolution for the indoor-controlled environment and outdoor greenhouse agriculture industry.
Headquartered in Vancouver, Affinor Growers produces strawberries and crops such as romaine lettuce, spinach and herbs and, recently, has added cannabis to its portfolio. The company's large commercial greenhouse facility is located just outside of Vancouver in Abbotsford, BC, putting it in close proximity to its target market.
In line with this, on November 29, Affinor Growers
announced a commercialization agreement with Britespan Building System, a company based in Ontario, to engineer and build a new polycarbonate greenhouse co-designed by both Affinor and Britespan.
Britespan designs, engineers and manufactures all of its prefab buildings in house, and provide six different fabric building styles. Britespan, meanwhile, serves a wide range of industries including warehouse, waste and recycling, aviation, agriculture, events and hospitality, sports and watercraft and ports.
Affinor and Britespan to build polycarbonate greenhouse structure
Putting it simply, polycarbonates are beneficial to greenhouses due to its UV protection that protects produce from harsh weather.
Britespan is a company that designs, engineers and manufactures prefabricated buildings in Canada and on an international scale. Together with Affinor, the companies will design the “Atlantis” greenhouse by adding a polycarbonate material to the outside surface of Britespan’s building formation, which intends to improve certain characteristics of commercial greenhouse systems.
Under the terms of the agreement, Affinor will be the exclusive dealer of the Atlantis Greenhouse while Britespan will be the exclusive supplier. Additional terms and conditions indicate the term will last for at least 10 years with automatic two-year renewals afterward.
“The future of indoor and greenhouse vertical farming depends largely on physics for high-quality production. The Atlantis Greenhouse design accommodates the environmental requirements for automated, vertical farming production, to prepare us for radical climate changes and the various environments we face globally,” Nick Brusatore, CEO of Affinor Growers, said in a statement. “I expect that the Atlantis Greenhouse will be very competitive and environmentally superior.”
Additionally, the companies will have joint right title and interest in the Atlantis Greenhouse, which includes enhancements, changes or improvements made.
While Britespan will pay all costs to design the Atlantis Greenhouse, Affinor will hold sole responsibility when it comes to ongoing servicing of contracts and customer relations who have purchased an Atlantis Greenhouse.
The companies said they have also agreed to work together for the purpose of manufacturing the first full-scale demonstration greenhouse which will be built next to Affinor’s existing location in Abbotsford.
In the press release, Affinor said that the design of the greenhouse will be competitively priced and fast to build that will have certain features in order to accommodate any climate.
Affinor Growers in the news
The announcement comes
following Affinor’s news that it had filed a patent for a new automated vertical farming technology, specifically for commercially growing heads of romaine lettuce, kale and leafy greens, in early November.
This patent, which was filed in June 2021, includes new vertical technology, automation and processes. Through this patent, the company anticipates it will add an additional vertical farming solution to its growing portfolio and turnkey commercial facilities portfolio.
“This application adds previously developed technology to Affinor’s IP and scaleup pipeline. We have been at this a long time, and now have a clear path to drive our future as a company and as a vertical farming leader,” Brusatore said.
The investment angle
Thanks to its partnership with Britespan, Affinor Growers is positioning itself as a game-changer in the vertical farming industry with a global presence.
As we move into the rest of the year, and into 2022, Affinor Growers investors will have plenty to watch for, making the company an exciting opportunity to watch for in the vertical farming industry.
To learn more about Affinor, visit:
www.affinorgrowers.com
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.