Affinor Growers Signs Definitive License Agreement With Canadian Marijuana Producer License Applicant
VANCOUVER, British Columbia, May 17, 2018 - Affinor Growers Ltd. (“Affinor Growers”) (CSE:AFI) (OTC:RSSFF) (Frankfurt:1AF) is pleased to announce it has signed a definitive license agreement, with a later stage Licensed Producer Applicant in British Columbia. The license represents royalties of 3% of all products grown using the patented technology and gives the exclusive rights for Vancouver Island for Fruits, Vegetables and Marijuana once the Health Canada license is achieved, to grow, process, import and export Marijuana. The 15,000 sqft greenhouse slated to be completed by end of 2018 will house up to 48 full scale towers service Vancouver Island with high quality, low priced organic pharma grade marijuana while diversifying into organic food production to further showcase more sustainable practices in Canada, this creates job’s, education, training, and supports agriculture programs on Vancouver Island with clean fresh organic products grown all year using the patented Affinor Growers Vertical Farming Tower Technology. Affinor Growers will provide updates on the license status as the Health Canada licensing procedure continues.
Nick Brusatore CEO, commented that “It’s going to be nice to service Vancouver island with clean fresh organic food while developing out the Cannabis Industry further as we press forward into the new age of agriculture. I look forward to watching the changes take place and being a part of the future."
Affinor is also in the process of setting up a single vertical growing tower in Abbotsford for the purpose of completing a second phase test and improving efficiencies in growing Marijuana using the vertical growing tower technology developed by Affinor. The original test was completed in 2017 and was a success based on the increases in production using the vertical tower technology. Both of these tests are being done under medical marijuana licenses currently in good standing.
About Affinor Growers
Affinor Growersis 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.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
AFFINOR GROWERS INC.
For More Information, please contact:
Nicholas Brusatore, CEO