Affinor Growers Orders Vertical Growing Towers for Commercial Showcase Facility in Abbotsford, BC
- Wall Street surges to all-time closing high on earnings, economic revival
- Was Intel's (INTC) Second Quarter a Speedbump or Inflection?
- Twitter (TWTR) Gains After Beating Q2 Estimates, Analysts Raise PTs as Brand Recovery Accelerates
- U.S. dollar on track for second week of gains; Fed meeting in focus
- Snap (SNAP) Surges 17% After Smashing Q2 Views Across the Board to Yield a Dozen Price Target Hikes
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
VANCOUVER, British Columbia, June 16, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that it has ordered one hundred of its patented vertical growing towers for the production of strawberries and cannabis pending Health Canada licencing.
Affinor’s automated, vertical farming technology is expected to yield 3-4 kg per tower, per harvest of dried cannabis every 3 months. The planned cannabis facility will have a total of 40 growing towers in 200 square meters of allowable microcultivation. The balance of 60 towers will be used to grow premium strawberries for local markets.
The Abbotsford showcase greenhouse utilizes Affinor’s soil formulation, QA protocols and processes designed to ensure quality, reduce pathogens and address the microbial issues that the cannabis industry faces globally. Affinor has installed Tesla Powerwalls and Solar Panels, with plans to install closed loop composting equipment. Affinor is also filing new patents for drying and curing vessels, with encompassed process patents. This will ensure stable conditions throughout the process of drying and curing. The company has plans to grow across Canada, and works toward full ESG compliance globally. Affinor’s vertical farming technology levels the playing field for plant production globally.
Nick Brusatore CEO: “Revenue from this first facility should begin this year. This will showcase to the world, the Affinor Growers technological advantage in sustainable and automated design.”
Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner.
To learn more about Affinor, visit: www.affinorgrowers.com
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.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and 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 Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/52fd80b1-0c83-4e6f-b05c-375d4efb81e1
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Become an Independent Betting Bookmaker Using Chipz Platform
- Sun Nuclear Highlights Expanded Machine QA Capabilities for SunCHECK™ Software and SRS MapCHECK® Array at Annual AAPM Meeting
- THE COMEBACK CONTINUES! Celebrity Equinox is Fleet's Eighth Ship in Eight Weeks to Begin Sailing, Bringing Guests Long-Awaited Vacation Experiences Once Again
Create E-mail Alert Related CategoriesGlobe Newswire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!