Affinor Growers, Inc. (RSSFF)

logo_affinor_growersThe upsurge of opportunities in the marijuana industry has enticed many existing companies to diversify their portfolio to include cannabis-related businesses or even completely transition towards those. Affinor Growers, Inc is one such company. It is a Canada-based diversified company that started in mining and is now working on being a grower of premier medical marijuana.

Affinor currently grows pesticide-free, non-GMO strawberries; it touts itself as in industry leader in that field. It is meanwhile building facilities to produce high-quality leafy green vegetables like spinach and lettuce, and eventually, medical-grade marijuana. The company uses proprietary technologies that automate the control of growing environments and nutrients and mechanically pollinate plants.

Founded in 1996, the company was known as Affinor Resources, Inc back when it was a junior mining firm with projects in Canada and Colombia. According to the company, it recognized the opportunity in the marijuana industry when it discovered a diverse group of experts that was developing a non-GMO system of mass-producing plants. This was just in time for the marijuana “green rush” in Canada and the US.

Affinor Resources, Inc then became Affinor Growers, Inc in May 2014. It says of this transition: “With the rise of the new economy, adaptability to change is key.”

As of August 2014, it is awaiting the approval of its Marijuana for Medical Purposes Regulations (MMPR) license from Health Canada. It has also set its sights to become a global distributor of produce.

The company is listed on the Canadian Securities Exchange as AFI, on the Frankfurt Exchange as 1AF, and on the US OTCQB as RSSFF. It is valued at USD 11.45 M. Its top company executives include Sebastien Plouffe, CEO and President; Nick Brusatore, Director and Chairman; Greg Dennison, CFO; and Jarrett Malnarick, COO.

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Latest Financial News for RSSFF

Affinor Growers Announces Unsecured Convertible Debenture Offering

Affinor Growers Inc. (the “Company” or “Affinor Growers”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is pleased to announce that it has closed its previously announced non-brokered financing of unsecured convertible debentures (the “Debentures”) in the principal amount of $500,000 (the “Offering” or “Principal Amount”). The Debentures will mature on November 1, 2020 (the “Maturity Date”) that is twelve months from the date of issuance (the “Issue Date”) and bear interest at a rate of 15% per annum, accrued and paid annually, with such interest rate being calculated on the basis of 30 days per month and 360 days per year. Repayment of the Principal Amount, together with the interest accrued but unpaid, will be made on or prior to 5:00 p.m. (Vancouver time), on the Maturity Date.

Affinor to Defend Notice of Civil Claim

VANCOUVER, British Columbia, Aug. 02, 2019 -- Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) reports that it has been served with a notice of.

Acquisition of Manufacturing Assets

Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is very pleased to announce that it has entered into a letter of intent to acquire manufacturing assets that make up the Cobotix Manufacturing Inc.’s (“Cobotix”) business, undertakings and goodwill in Port Coquitlam (the “Acquisition”). The Company and Cobotix will have thirty (30) days to complete the due diligence process and determine a closing date for the Acquisition.  In consideration for the assets, the Company will pay to Cobotix up to $2,900,000, subject to a valuation of the assets (the “Consideration”). The Consideration will be satisfied by certain cash payments and the issuance of up to 38,000,000 common shares (the “Common Shares”) in the capital of the Company at a deemed price of $0.05 per Common Share.

Affinor Issues Correction to Press Release

VANCOUVER, British Columbia, Feb. 27, 2019 -- Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) issues a correction to the press release issued.

Affinor Growers Inc. - Corporate Update

Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is pleased to provide an update on its operations.  Over the past four months, the Company has been working on several fronts in order to broaden the Company’s operations and build a strong foundation for future success.  In doing so, the Company is extremely pleased to announce the development of three new tower designs, two significant agreements, as well as an invitation to the BC Tech Summit 2019 from the BC Ministry of Agriculture in order to showcase our new towers. Since October 2018, the Company has been working aggressively with our manufacturing partner, Cobotix Manufacturing Inc. (“Cobotix”), to develop new tower designs and new technologies.  The result of this work is three new tower designs.  We have a newly designed vertical farming tower for soiled-based growing, a new hydroponic version of the vertical farming tower and a newly designed vertical farming tower that is a hybrid of hydroponic and aeroponic growing.