Key Takeaways:
- Affinor Growers Inc. has established Affinor International Inc., a wholly owned subsidiary in British Columbia, to focus on international vertical farming projects.
- The company has ordered 28 strawberry grow towers for its Abbotsford facility, enhancing production capacity.
- The new towers are 14 feet high and can yield approximately 2,500 pounds of strawberries annually.
- Delivery of the towers and custom LED lighting is expected by March 2025 to support research and maximize production.
- The expansion aims to scale operations for Affinor and partners like FarmX Produce Inc. across North America.
Why Was Affinor International Created?
Affinor Growers Inc. recently incorporated Affinor International Inc., a wholly owned subsidiary in British Columbia, to manage vertical farming initiatives beyond Canada. This step reflects the growing interest and demand for Affinor’s proprietary farming technologies.
“Affinor International will allow us to better engage with international partners and explore joint ventures,” said Nick Brusatore, CEO of Affinor Growers. “This will help streamline opportunities for licensing and expanding our vertical farming technology globally.”
What Does the New Strawberry Tower System Offer?
Affinor has ordered 28 newly designed strawberry grow towers for deployment at its Abbotsford facility. Each 14-foot tower is capable of producing 2,500 pounds of strawberries annually, representing 30 pounds per square foot of greenhouse space. The advanced towers support increased production output and operational efficiency.
“These towers are a game-changer,” said Brusatore. “They enable us and our partners like FarmX Produce Inc. to efficiently scale strawberry greenhouse operations across North America.”
When Will the New System Be Operational?
Affinor anticipates delivery of the strawberry grow towers and custom LED lighting systems by March 2025. The system will not only increase strawberry production but also support research and development aimed at improving crop quality and output for Affinor’s customers.
Affinor Growers’ Latest News
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Joins Freshbay To Participate In Geothermal Greenhouse Project (2023/02/13)
Affinor Growers Inc. and Freshbay Inc. have joined forces to bring a cutting-edge deep-earth geothermal agricultural site to Hinton, Alberta. Freshbay, a leader in sustainable agriculture, will build a 19-acre greenhouse facility that spans over 800,000 square feet to cultivate various fruits and vegetables, with a particular emphasis on strawberries.
Affinor Growers, known for its innovative vertical farming technology, will provide Freshbay with its state-of-the-art 3-level rotating towers and 800,000 square feet of the “New” Atlantis Greenhouses. The buildings, designed by Affinor, will maximize production yields and deliver high-quality crops to local markets in Canada. In addition to supplying the necessary equipment, Affinor will assist Freshbay with producing strawberries and enter into an off-take agreement for all products grown with Affinor technology. The companies will formalize their partnership with a purchase and sale agreement, license agreement, or a similar agreement by March 30, 2023.
Closes First Tranche of Non-brokered Private Placement (2022/10/13)
Affinor Growers Inc. (CSE: AFI) (OTCQB: RSSFF) has raised $124,000 in the first tranche of a non-brokered private placement. The financing consists of Units at $0.08 per Unit. The net proceeds will be used for planting/production costs and to help with the launch of the facility in Abbotsford. The Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
Announces Resignation of Chairman (2022/07/09)
Affinor Growers Inc. announced that Rick Easthom resigned as Chairman to pursue other business interests, but will remain a director and member of the Audit Committee. The company hired Elite Agri Solutions to prepare grant applications and is undertaking a private placement of up to 10,000,000 units for gross proceeds of up to CDN$2,000,000. The proceeds will be used to increase production capacity and build a new Atlantis building for more production. However, the company has been under scrutiny by the BCSC for potential plan misrepresentation over a CAD 4-million private placement.
Announces $2M Private Placement (2022/07/06)
Affinor Growers plans to raise $2M through a private placement by issuing 10M units at $0.20 per unit. Each unit will consist of one common share and one common share purchase warrant. The company will use the funds to expand production capacity, build a new greenhouse and for working capital. The offering is subject to regulatory approvals and all securities issued will be held for four months. Affinor develops sustainable vertical farming tech for fruits, veggies, and cannabis.
Affinor Growers Hires Grant Writing Team (2022/06/22)
Affinor Growers has hired Elite Agri Solutions to prepare grant applications for federal and provincial governments. Elite Agri Solutions specializes in grant management within the agri-food sector and assists companies in creating strong grant applications to maximize their chances of receiving funding. Affinor is in the process of permitting their new Atlantis greenhouse, which will accommodate growing strawberries, romaine lettuce, kale, and spinach in soil or hydroponic at 8 levels. They have installed 40 solar cells with two Tesla Powerwall batteries to reduce costs and increase yield.
Announces Issuance of Canadian Patent (2022/05/17)
Affinor Growers Inc. has been issued Patent No. 2 940 062 for “method and apparatus for automated vertical horticulture and agriculture”. The patent abstract describes a method for continuous automated growing of plants utilizing a vertical array of supporting arms extending radially from a central axis. Affinor is permitting their new proprietary greenhouse, the “Atlantis”, which will accommodate growing strawberries, romaine lettuce, kale, and spinach in soil or hydroponic at 8 levels.
Image provided by Affinor Growers
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