VANCOUVER, British Columbia, April 19, 2018 (GLOBE NEWSWIRE) -- Vertical Designs Colombia Inc. SAS.
(“Vertical Designs Colombia”) is a privately held whole owned subsidiary of Vertical Designs LTD based in
Abbotsford BC Canada currently signed under a Letter Of Intent to enter the public markets with Bullion Gold on the
TSX.V:BGD.
Affinor Growers (CSE:AFI) clarifies at the request of IIROC the terms of the Letter of Intent between
licensee Vertical Designs Colombia and Petrocol Holdings Ltd, a privately held company that has an application applied for to mass
produce medical cannabis on property currently owned by Petrocol Holdings Ltd in Colombia. Once definitive agreement is agreed and
executed no later than July 20, 2018, the immediate plan is to begin the installation of 50 of the Affinor Growers Patented
Vertical Farming Towers after Cannabis Production license is granted from federal government of Colombia. The first 50 rotating
stainless steel towers will cost approximately $20,000 each totaling $1,000,000.00. The Company retracts all revenue and gross
margin figured referenced in its original press release of April 18, 2018.
There is no consideration payable to Vertical Designs Colombia from Petrocol Holdings Ltd. as Vertical Designs
Colombia Inc. SAS, falls under the same jurisdiction as Vertical Designs Aruba Inc.; therefore the consideration has already been
paid. The consideration paid outlined in the press release dated February 21, 2018 was a ten percent ownership in Vertical
Designs Aruba.
This agreement is contingent upon Petrocol Holdings Ltd. receiving a license to mass produce medical cannabis in
Colombia.
As per the Exclusive Caribbean license released Feb 21, 2018, Affinor Growers the patent holders of the Vertical
Farming Technology will receive a 10% voting shares ownership in Vertical Designs Colombia and will receive 1 seat on the board in
exchange for the exclusive license to mass produce Fruits, Vegetables and Cannabis. Affinor Growers will appoint Mr. Nick Brusatore
to help ensure all Governance and Protocol is met for the rapidly growing development in Colombia.
About Affinor Growers
Affinor Growers is a publicly traded company on the Canadian Securities Exchange under the
symbol ("AFI"). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries and Cannabis
using its vertical farming techniques. Affinor is committed to becoming a pre-eminent supplier and grower, using exclusive vertical
farming techniques.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future
events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are
beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in
such statements.
AFFINOR GROWERS INC.
"Nicholas Brusatore"
For More Information, please contact:
Nicholas Brusatore, CEO
604-356-0411
contact@affinorgrowers.com
