Vancouver, British Columbia--(Newsfile Corp. - January 4, 2024) - Argo Living Soils Corp. (CSE: ARGO) (OTC Pink: ARLSF) ("Argo", the "Company") is pleased to announce that Pacific Composting Inc. ("Pacific Composting") has completed the installation of Argo's worm casting operation. As previously announced, the Company's facility was originally located on Galiano Island in BC and relocated to Duncan, BC.
The joint venture is a collaboration between Argo and Pacific Composting, designed to integrate Argo's worm casting operations into Pacific Composting's existing operation and create specialty products such as worm castings that can be further used by Pacific Composting in their product lines.
The joint venture aims to establish several fundamental advantages including increasing operational efficiencies and a sharing of expertise and proprietary information. The objective being to establish an industry leading organic soil, marketed initially to the BC market.
The Company also announces that it has engaged Rain Communications Corp. ("Rain Communications") (address: Suite 820 – 1130 Pender Street West, Vancouver BC V6E 4A4; email: raincommunicationsir@gmail.com; telephone 604-306-2525) for marketing services for up to four months commencing on January 4, 2024, and that the term of the marketing services may be extended or shortened at the discretion of management depending on, amongst other things, the efficacy of the marketing services. Rain Communications will create and distribute marketing materials and brochures on behalf of the Company to be distributed by mail in Canada with the aim of increasing awareness of the Company. Rain Communications is an existing shareholder of the Company. The Company has agreed to pay Rain Communications a fee of $20,000 (plus GST). The Company will not issue any securities to Rain Communications as compensation for its marketing services.
About Pacific Composting Inc.
Pacific Composting, with operations in Duncan British Columbia, was established in November 2021 by Andrea Blum, a trained Vermiculturist specializing in vermicomposting. Pacific Composting produces and markets a variety of composts, composting worms, systems and supplies.
About Argo Living Soils Corp.
The Company specializes in producing and developing organic products, including soil amendments, living soils, biofertilizers, vermicompost and compost tea kits formulated specifically for high-value crops. The Company's vision and overall business plan are to create an established brand of organic and/or environmentally friendly products. The Company was founded in 2018, and its original production facilities were located on Galiano Island, British Columbia.
For further information please contact:
Peter Hoyle
Chief Executive Officer
Argo Living Soils Corp.
Email: peter.hoyle@shaw.ca
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to the Company integrating worm casting operations into Pacific Composting's existing operation and creating specialty products to be used by Pacific Composting in their product lines, the advantages of the joint venture, the length of engagement of Rain Communications, the distribution of marketing materials, and the Company creating a brand of organic and/or environmentally friendly products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" "aims" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward looking information that are incorporated by reference herein, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193231
