|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0250 - 0.0250|
|52 Week Range||0.0160 - 0.1060|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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. (“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.
Affinor Growers Inc. - British Columbia Securities Commission ("BCSC") Temporary Order Update