VANCOUVER, British Columbia, August 23, 2021 (GLOBE NEWSWIRE) – Affinor Growers Inc. (“Refiner“or the”Society”) (CSE: AFI OTCQB: RSSFF) has canceled its last million dollar private placement and is considering less dilutive funding going forward. The company’s first vertical cash crop facility using its proprietary technology is slated to launch in September 2021.
Affinor plans to plant its first strawberries in September. The company’s 15,000 square foot greenhouse in Abbotsford, British Columbia, is nearing completion. Affinor’s first strawberry crop is expected to be sold in November 2021 through a major Canadian food distributor to grocery stores in the Lower Mainland in British Columbia. The company is working towards obtaining Canada GAP, Food Safe and Organic certifications with ESG compliance plans.
Affinor CEO Nick Brusatore commented, “We are in the final stages of preparing for our first commercial greenhouse production showcasing our technology. The integration of alternative energy, water conservation, soil remediation, clean technology and the automation of patented vertical agriculture has taken time. But now we are in the unique position of being able to ensure durability, high quality, cost effectiveness, safety and the ability for rapid deployment across Canada.
Affinor is a company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor focuses on the development of vertical agricultural technologies and on the use of these technologies to grow fruits, vegetables and cannabis in a sustainable manner.
To learn more about Affinor, visit: www.affinorgrowers.com
Renmark Financial Communications Inc.
Joshua Lavers: [email protected]
Phone. : (416) 644-2020 or (212) 812-7680
Neither the Canadian Securities Exchange nor its market regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities of the Company mentioned in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Law“), or any state securities law. Accordingly, the securities of the Company may not be offered or sold in the United States unless they are registered under the US Securities Act and applicable state securities laws or under an exemption from registration requirements of the US Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities of the Company in any jurisdiction in which such an offer, solicitation or sale would be illegal.
ATTENTION REGARDING FORWARD-LOOKING INFORMATION
This press release includes certain statements which may be considered “forward-looking statements”. All statements contained in this new press release, other than statements of historical fact, which deal with events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements which are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to”. “,” Estimates “,” projects “,” potential “and similar expressions, or that events or conditions” will “,” would “,” could “,” could “or” should “occur. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those of forward-looking statements. Factors that could cause actual results to differ materially from those of forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that these statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the management of the Company as of the date the statements are made. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements in the event that the beliefs, estimates or opinions of management, or other factors, should change.