May 23, 2017, Vancouver (Marketwired – May 22, 2017) – Affinor Growers Inc. has signed a research and development On-Site Licence Agreement with a B.C. company to use Affinor’s vertical growing equipment to mass produce high quality coniferous seedlings.
The test agreement is a collaboration of Affinor’s vertical farming tower technology, proprietary owned B.C. registered Tree Seeds by D.K Helicropper Ltd., and Vertical Designs Ltd.
Under the terms of the agreement, specific coniferous seeds potentially more resistant to the Pine Beetle (MPB), will be propagated and mass produced with Affinor’s growing technology on the Vertical Designs Ltd. farm located in Abbotsford.
In the agreement, Vertical Designs will be able to purchase four 10 level towers with no licence fee or royalty. In return, Vertical Designs will share the testing and production results with Affinor.
Forestry is a major economic resource for B.C. resulting in a high demand for high quality MPB stress resistance seedlings. In 2016, some 259 million trees were planted and for 2017, another 266 million trees are planned to be planted.
“This is another great opportunity for Affinor to expand our growing technology into other markets,” said president and CEO Jarrett Malnarick.
“Reforestation through tree planting and silviculture is a large market not just in B.C, but worldwide. We are excited to develop new cultivation systems using vertical growing technology to produce next generation seedling.”
ABOUT AFFINOR GROWERS INC.
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 and strawberries using its vertical farming techniques. Affinor is committed to becoming a pre-eminent supplier and grower, using exclusive vertical farming techniques
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