U.S. markets closed

Affinor Growers Inc. (AFI.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
Add to watchlist
0.0400-0.0050 (-11.11%)
At close: 12:40PM EDT
Full screen
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.0450
Open0.0450
Bid0.0350 x N/A
Ask0.0400 x N/A
Day's Range0.0350 - 0.0450
52 Week Range0.0150 - 0.0900
Volume355,925
Avg. Volume1,400,083
Market Cap8.441M
Beta (5Y Monthly)2.75
PE Ratio (TTM)N/A
EPS (TTM)-0.0030
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
    View more
    • Affinor Growers Prepares for Vertical Farming in Aruba
      GlobeNewswire

      Affinor Growers Prepares for Vertical Farming in Aruba

      VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that it has signed a binding Letter of Intent to purchase 100% of the private equity in Vertical Designs Aruba (“VDA”). The Aruba corporation was established in 2018 to produce fruits, vegetables and, pending receipt of a medical cannabis production license from the Government of Aruba, the consideration is all shares at 52,000,000 common shares and contingent upon the achievement of certain performance milestones: The terms of the purchase and performance milestones are as follows: Milestone 1: Cannabis Production for Exportation Licence is issued from the Government of Aruba and up to 49% of the project is sold for a specified minimum price (Minimum Sale Price) subject to approval by the Affinor Board of Directors of AFI.CN. Terms: Upon achievement of Milestone 1, The shareholders will receive 26,000,000 common shares in AFI.CN with the standard 4-month hold. An executive bonus of 10% of the amount above the Minimum Sale Price noted above plus CDN$500,000. A pre-determined amount of the Minimum Sale Price will be retained in VDA to build out the first facility in Aruba. Milestone 2: Build out a minimum 200 (two) tower facility in Aruba. The first 5,000 - 6,000lbs (2,300 to 2,700 kilos) of cannabis produced in Aruba is successfully exported and completely sold out at a pre-determined or mutually agreed amount.Terms: Upon completion of Milestone 2, the balance of 26,000,000 common shares in AFI.CN will be issued the former VDA shareholders with a standard 4-month hold. Affinor’s plan in Aruba is to produce food and cannabis sustainably and cost-efficiently in one of the best growing climates worldwide. Over 100 acres on the proposed north island site is available and can accommodate 1,000 vertical towers per acre. Full development would create a new global medical cannabis industry leader and open international markets. The benefits to Aruba include local food production to reduce imports, high wage employment, education, technology transfer and taxation income. Affinor’s patented farming technology and QA processes are sustainably delivered through alternative energy from Tesla, composting technology, and LED lighting. Affinor is utilizing The Tesla Powerwalls and Solar in its Abbotsford BC greenhouse. This is especially important as the company grows across Canada and works toward full ESG compliance globally. Affinor’s vertical farming technology levels the playing field for plant production globally. Nick Brusatore CEO: “Affinor’s mission is to serve the world with sustainable agriculture technology with no compromises on quality. I am so excited about this project. Aruba is a warm, beautiful country filled with wonderful people. I am so proud to be part of the movement for global sustainability and national self-sufficiency serving nations like Aruba.” Certain insiders of the Company are related parties to VDA and as such, the transaction is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to insiders nor the consideration paid by such persons exceeded by 25% of the Company’s market capitalization. About Affinor Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner. To learn more about Affinor, visit: https://www.affinorgrowers.com Renmark Financial Communications Inc. Joshua Lavers: jlavers@renmarkfinancial.com Tel: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTION REGARDING FORWARD-LOOKING INFORMATION This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

    • Affinor Growers Inc. to Participate in Renmark’s Virtual Non-Deal Roadshow Series on Tuesday May 4, 2021
      GlobeNewswire

      Affinor Growers Inc. to Participate in Renmark’s Virtual Non-Deal Roadshow Series on Tuesday May 4, 2021

      VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. ("Affinor Growers" or the "Corporation") (CSE: AFI) (OTCQB: RSSFF), announced today that they will be participating in Renmark Financial Communications Inc.’s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Tuesday, May 4, 2021 at 1:00PM PDT. Affinor Growers Inc. welcomes stakeholders, investors, and other individual followers to register and attend this live event. The presentation will feature Nick Brusatore, CEO. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited but access to the replay after the event will be on the Company’s Investor website. REGISTER HERE: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-cse-afi-otcqb-rssff-2021-05-04-130000 To ensure smooth connectivity, please access this link using the latest version of Google Chrome. About Affinor Growers Inc.Affinor is a biotechnology company acquiring, patenting and commercializing vertical farming technology for both the indoor controlled environment and outdoor greenhouse agriculture industry. Fresh food organic produce is a $33.8 billion industry and is expected to nearly double by 2025. Affinor sells our technology to existing farmers, entrepreneurs wanting to build new state-of-the art growing facilities and larger partners wanting exclusivity in regions or crops with right to re-sell the technology. The world's population has created challenges in food security and pressure on natural resources creating problems that can only be solved through technological advancement. As a practice, traditional farming is not going to disappear, but it is crucial that alternative agricultural practices and technology be devised to alleviate the innate limits of conventional farming methods. As a solution, Affinor Growers Inc. offers patented agricultural technology and proprietary cultivation systems for both the indoor and greenhouse growing environments. About Renmark Financial Communications Inc.Founded in 1999, Renmark Financial Communications Inc. is North America’s leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly-traded clientele to maximize their visibility within the financial community and strengthen their investor audience. CONTACT:Renmark Financial Communications Inc.Joshua Lavers: jlavers@renmarkfinancial.com Tel: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com

    • Affinor Growers Files for Patent Protection in  Eleven Additional Countries
      GlobeNewswire

      Affinor Growers Files for Patent Protection in Eleven Additional Countries

      VANCOUVER, British Columbia, May 01, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI; OTCQB: RSSFF) is pleased to announce it has filed for patent protection in eleven additional countries. United Arab Emirates Patent Application No. P6000245/2021 Saudi Arabia Patent Application No. 521421275 South Africa National Phase Entry of No. PCT/CA2019/051145 European Patent Office Patent Application No. 19852473.8 India Patent Application No. 202117011874 Republic of Korea Patent Application No. 10-2021-7008490 New Zealand Patent Application No. 774080 Australia Patent Application No. 2019324959 Aruba Patent Application No. OCT-01/180831 Colombia Patent Application No. NC2018/0009567 China Patent Application NO 201580020786.6 Affinor continues to protect its technology in the larger global markets to ensure proper licencing, technology transfer and procurement between governments and investment groups. This is especially important as Affinor gets ready to launch its state of the art, patented, automated, commercial vertical farm showcase in Abbotsford BC. The facility is scheduled for food production this summer, and includes TESLA battery storage and solar, efficient irrigation systems and composting technology to ensure optimal, safe, soil remediation. The company’s goal is to sustainably produce food and cannabis with the highest quality and safety possible. Nick Brusatore CEO: “I am seeing the tipping point now for Affinor Growers as we head into revenue. I believe the opening of the Abbotsford facility will significantly raise our market profile. We have more exciting designs and patents coming that we believe will revolutionize this industry. We have redesigned the current towers with the cost per unit dropping substantially and will be updating the patents as needed. About Affinor Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner. To learn more about Affinor, visit: https://www.affinorgrowers.com/ On behalf of the Board of Directors,Affinor Growers Inc. Renmark Financial Communications Inc.Joshua Lavers: jlavers@renmarkfinancial.com Tel: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTION REGARDING FORWARD-LOOKING INFORMATION This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.