Affinor Growers Signs an 'On-Site Test License Agreement' with BC Company to Develop Vertical Farming with Coniferous Tree Seedlings
Vancouver (Canada), May 22, 2017 - Affinor Growers Inc. (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), is pleased to announce the signing of a research and development On-Site License Agreement with a BC company to use Affinor's vertical growing equipment to mass produce high quality coniferous seedlings.
The test agreement is a collaboration of Affinor’s vertical farming tower technology, proprietary owned BC registered Tree Seeds by D.K Helicropper Ltd. and Vertical Designs Ltd. Under the terms of the agreement, specific coniferous seeds potentially more resistant to the Pine Beetle (MPB), will be propagated and mass produced with Affinor's growing technology on the Vertical Designs Ltd. farm located in Abbotsford BC. In the agreement, Vertical Designs will be able to purchase four 10 level towers with no license fee or royalty. In return, Vertical Designs will share the testing and production results with Affinor.
Forestry is a major economic resource for BC resulting in a high demand for high quality MPB stress resistance seedlings. In 2016, 259 million trees were planted and for 2017, 266 million trees are planned to be planted.
Jarrett Malnarick, President and CEO said that "This is another great opportunity for Affinor to expand our growing technology into other markets. Reforestation through tree planting and Silviculture is a large market not just in BC, but the entire world. We are excited to develop new cultivation systems using vertical growing technology to produce next generation seedling."
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 and 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.