VANCOUVER, British Columbia, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) is pleased to announce that on Aug 9, 2018, the Government of Aruba held a press conference to announce they have approved VDA Vertical Designs Aruba VBA to build a vertical farming project in Aruba, using AFI’s vertical farming technology. The technology will allow VDA Vertical Designs Aruba VBA to produce crops year-round in Aruba’s tropical climate while utilizing land that, previously, could not be utilized for farming.
The Company had previously announced, on February 21, 2018, that it had signed an exclusive license agreement with Vertical Designs Aruba Inc. Due to some legal obstacles during the incorporation process, VDA Vertical Designs Aruba VBA was incorporated in place of Vertical Designs Aruba Inc. The Company and VDA Vertical Designs Aruba VBA are in the process of finalizing a new amended licensing agreement. The licensing agreement is expected to be completed early next week.
Nick Brusatore, CEO, commented that “This is absolutely thrilling news for the Company, VDA Vertical Designs Aruba VBA and the country of Aruba. Not only will this project have a substantial, and lasting, economic impact on Aruba, but this will be the first step in revolutionizing the farming industry in the Caribbean. This is the perfect showcase for our vertical farming technology and we hope this will act as a catalyst for other vertical farming projects around the world.”
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