Affinor Growers provides update on cannabis and strawberry development
Vancouver (Canada), August 21 2017 - Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation”) is pleased to provide our shareholders with an update on the strawberry and cannabis product development.
Affinor and Cannabis Production
Affinor plans to continue the cannabis trials in September 2017, as the license holder's personal use cannabis medical license from Health Canada has now been issued (see press release April 20 2017 "Affinor Sells Vertical Farming System for Medical Cannabis in BC"). The license holder applied and has now been granted a personal use medical license with Health Canada under the new ACMPR. Working with the license holder and designated grower, Affinor's immediate goal is to validate the initial cannabis trial while increasing yields and output per square foot through improved crop models for short, high density cannabis plants specific to the needs of the technology. This is an opportunity to trial medical cannabis on the vertical growing tower building market for smaller, highly efficient growing systems for personal medical use, as well as developing the protocol and methods for large scale commercial production. Other initiatives include testing new LED technology configured specifically for the growing equipment with the goal to develop the highest production per square foot with low operating cost.
We are also continuing to negotiate with various commercial cannabis growers throughout North America to help facilitate a larger pilot plant cannabis growth trial.
Beta Prototype Testing Update at University of Fraser Valley
Affinor is pleased to announce that the strawberry trials being conducted at the University of Fraser Valley in Surrey is half way through the summer growing season with yields already exceeding last year's harvest. Notably, over 130 pounds of salable strawberries have been recorded on the small 4 level 16 arm beta tower to date, demonstrating the higher density design ability for strawberry production. We expect the trial to continue well into September and provide an update on the final results once complete.
All crop model information, data, procedures and harvest methods continue to be documented to help prove operational and financial assumptions including best practices to standardize commercialization. After September, Affinor's next objectives are to produce strawberries throughout the winter with customized LED supplemental lighting for fruiting crops and diversify the crop trials by growing kale in the tower technology.
For More Information, please contact:
Jarrett Malnarick, President and CEO
About Affinor Growers Inc.
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 using its vertical farming techniques. Affinor is committed to becoming a pre-eminent supplier and grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
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.