Affinor Growers Signs Purchase Agreement to Install Vertical Farming System with THC Biomed Intl.
Vancouver (Canada), April 4, 2016 - Affinor Growers (CSE:AFI, OTC:RSSFF,) ("Affinor" or the "Corporation"), a diversified agriculture and biotechnology company with proprietary vertical farming systems, is pleased to announce that it has signed a purchase agreement with THC BioMed Intl. (CSE:THC, OTC: THCBF, Franfurt THFC ) located in Kelowna, British Columbia, to install Affinor's tower vertical farming system.
The nature of the agreement is to install, showcase and develop the technology under commercial conditions to ensure capabilities for mass low cost production of cannabis and cannabis products. THC BioMed recently received a federal license from Health Canada to cultivate medical marijuana and has selected Affinor's automated vertical farming equipment to help compete with high quality product and mass production as the market continues to open up.
Mr. Jarrett Malnarick, Affinor's President and CEO, comments "Affinor Growers looks to align itself in all agriculture sectors such as fresh produce, fruiting plants, and flowers. As a technology seller of vertical growing systems, this new relationship with THC BioMed allows us to continue business development within different sectors pertaining to plants and demonstrate the diversity of the technology in the vertical farming space. Affinor will now have several installations of the technology within commercial settings actively growing different crops"
Update on the Michigan Test of the Vertical Farming System
Photo – Shows strawberries growing on level four of the Michigan State test tower.
Affinor is also very pleased to report that the test tower running in the large Michigan State greenhouse facility with the major food producer is on pace and doing as well as expected. The equipment was installed in late November and the strawberry plants were planted in early December. Strawberries are actively being harvested, packaged and sold. Growth trials will continue until the end of April with further details being released once complete.
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.
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