December 18, 2014 By Dave Harrison
Dec. 18, 2014, Montreal — Affinor Growers has closed the Definitive Agreement of the previously announced Letter of Intent with North Country Natural Solutions LLC and Iroquois Consulting Group LLC in New York State.
It represents a $500,000.00 sublicensing agreement and five per cent royalty on the net sales on the food production.
Additionally North Country and Iroquois will offer consulting services to represents exclusively Affinor with all the native communities in the U.S. in the agriculture and cannabis sectors with the objective to become leader and a model in both industry.
Native American tribes across the U.S. learned earlier this month that the U.S. Department of Justice will allow tribes to grow and sell marijuana on their lands if they follow the federal guidelines established for states that have legalized the drug.
Affinor is sublicensing his vertical farming technology to North Country and Iroquois to have them grow, produce, distribute, sell, market and commercialise the products related to the Agriculture in New York States.
In the mean time, North Country and Iroquois will represents Affinor with all the native American tribes across the U.S. to develop affiliations and sustainability to produce healthy food using vertical growing technology and high quality cannabis using different technics.
“We look forward to assisting the first nation communities and enabling Affinor to advise them as to how to utilize our safe, high quality agricultural and vertical farming technologies to stand up state of the art production facilities,” said Affinor chairman Nick Brusatore.
“Myself having a wife and four daughters being status natives in Canada and members of the Squamish Nation in Vancouver has driven me personally to want this for all First Nations people and I am committed to them to make this happen.”
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.
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