AFI Affinor Growers Inc

Affinor Growers (CSE:AFI)(FRANKFURT:1AF)(OTCQB:RSSFF) ("Affinor" or the
"Corporation) has signed a LOI to acquire all the assets of 0993341 "BC" Ltd
related to the operation of the Vancouver rooftop growing facility, located at
523/535 Richards Street, subject to due diligence. The IP from this acquisition
is very important to Affinor Growers and will be useful in future development
and production aspects.


North America's first 'vertical crop' urban farming system closed operations and
filed for bankruptcy after Alterrus Systems and Local Garden Vancouver failed to
match their running costs. The vertical farm opened in November 2012 in downtown
Vancouver atop a parkade at 535 Richards Street. According to Vancouver news
sources, the 5,700 square foot facility experienced a significant mechanical
failure in late December 2013, which impaired their ability to safely and
effectively operate. 


This acquisition will allow Affinor Growers to retrofit the facility and start
growing strawberries immediately using the recently acquired Vertical Designs
Ltd. technology. Affinor Growers will now be able to fast track operations and
demonstrate viability to the market and add another profitable revenue stream. 


This is also a great opportunity for the City of Vancouver to continue their
vision of growing fresh urban food and replacing much of the imported produce
that comes from 1,500 to 2,000 kilometers away. The Vancouver Food Strategy has
a plan to create a just and sustainable food system for the city. It builds on
years of food systems initiatives and grassroots community development,
considering all aspects of the food system, from seed to table to compost heap
and back again. Affinor Growers is excited to participate in Vancouver's goal to
become the "greenest" city by 2020. 


Under the terms, Affinor Growers will pay a minimum of $250,000 in cash and the
balance to $1.4 million in stock. 


About Affinor Growers Inc. 

Affinor Growers is a diversified 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 and high quality
medical Marijuana. Affinor is committed to becoming a pre-eminent grower, using
exclusive vertical farming techniques. 


On Behalf of the Board of Directors 

AFFINOR GROWERS INC.

Sebastien Plouffe, President & CEO

The CSE has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release 


FORWARD LOOKING INFORMATION 

This News Release contains forward-looking statements. The use of any of the
words "anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the expectations
and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks including various risk factors discussed in the Company's disclosure
documents which can be found under the Company's profile on www.sedar.com. This
News Release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorgrowers.com
www.affinorgrowers.com


Momentum PR Inc
Max Gagne, President
(514) 913-0351
max@momentumpr.com


Contact Information, spokesperson
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com

Grafico Azioni Affinor Growers (CSE:AFI)
Storico
Da Nov 2024 a Dic 2024

Grafico Azioni Affinor Growers (CSE:AFI)
Storico
Da Dic 2023 a Dic 2024