VANCOUVER, British Columbia, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Affinor Growers Ltd. (“Affinor Growers”) (CSE:AFI) (OTC:RSSFF) (Frankfurt:1AF) is pleased to announce it has signed a letter of intent with a later stage Licensed Producer Applicant in British Columbia. The letter of intent represents a potential Joint Venture agreement to purchase equity in the private applicant once the Health Canada license is achieved, to grow, process, import and export Marijuana. The plan between both parties is to service Canada with the highest quality, best priced organic marijuana, using the patented Affinor Growers Vertical Farming Tower Technology. Affinor Growers will provide updates on the license status as the Health Canada licensing procedure continues.
Nick Brusatore CEO, commented that "I am looking forward to executing, in my opinion the most comprehensive competitive business plan the Canadian Marijuana Markets have seen, I am confident we will be a fierce competitor in the growing industry and am very excited about the production of Marijuana for Affinor Growers."
Affinor is also in the process of setting up a single vertical growing tower in Abbotsford for the purpose of completing a second phase test and improving efficiencies in growing Marijuana using the vertical growing tower technology developed by Affinor. The original test was completed in 2017 and was a success based on the increases in production using the vertical tower technology. Both of these tests are being done under medical marijuana licenses currently in good standing.
About Affinor Growers
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.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
AFFINOR GROWERS INC.
For More Information, please contact:
Nicholas Brusatore, CEO