AFI Affinor Growers Inc

Affinor Growers (CSE:AFI)(OTCQB:RSSFF)(FRANKFURT:1AF) ("Affinor" or the
"Corporation) is thrilled to reach an agreement to acquire Vertical Designs Ltd
("VDL"). This acquisition will give Affinor Growers a unique, technological
advantage into the multi-billion dollar agricultural markets. VDL's automated,
software-driven technology is unique for it's ability to grow grade A1, non-GMO
crops year-round without chemicals or pesticides.


VDL offers proven technology specifically designed to help solve global food
security and food shortage issues. VDL designs and builds innovative, fully
sustainable and complete growing solutions which are the result of over 12 years
of R&D based on predecessor systems, prototypes, and significant third party
validation. Vertical Designs has developed one of the most scalable and
profitable vertical farming systems available. 


Affinor Growers will integrate VDL's enhanced farming methods to grow various
crops year-round. These proprietary technologies control the precise
combinations of light, temperature, water, and nutrients to create specific
growing conditions that result in optimum crop production of leafy greens
vegetables like lettuce, spinach and herbs as well as plants that require
pollination such as strawberries and marijuana. VDL has pioneered a proprietary
mechanical pollination system that allows food to be grown indoors, year round
regardless of seasonality with near zero water waste. 


Under the LOI terms, Affinor is acquiring 100% of VDL shares for an aggregate
purchase price of $15 million payable by issuance of 17,857,143 common shares of
Affinor Growers at a deemed price of $0.84 per share, subject to due diligence
and regularity approval.


Sebastien Plouffe, President & CEO, comments: "This acquisition will position
Affinor Growers as one of the worlds most profitable vertical farming companies.
On closing of the transaction and after construction of the first production
facility, Affinor Growers will gain additional income streams from equipment
sales, royalties on licence agreements, consulting and profits from selling
crops. We intend to become the worlds solution for food security".


About Affinor Growers Inc.

Affinor Growers is a diversified 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 high quality
medical Marijuana. Affinor is committed to becoming a pre-eminent grower, using
exclusive vertical farming techniques. 


On Behalf of the Board of Directors

AFFINOR GROWERS INC.

"Sebastien Plouffe"

President & CEO 

The CSE has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release


FORWARD LOOKING INFORMATION

This News Release contains forward-looking statements. The use of any of the
words "anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the expectations
and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks including various risk factors discussed in the Company's disclosure
documents which can be found under the Company's profile on www.sedar.com. This
News Release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorgrowers.com
www.affinorgrowers.com


Momentum PR Inc
Max Gagne, President
(514) 913-0351
max@momentumpr.com


Contact Information, spokesperson
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com

Affinor Growers (CSE:AFI)
Historical Stock Chart
From Oct 2024 to Nov 2024

Affinor Growers (CSE:AFI)
Historical Stock Chart
From Nov 2023 to Nov 2024