EarthRenew Releases a Letter to Shareholders from the CEO

TORONTO, April 17, 2020 (GLOBE NEWSWIRE) --

Dear shareholders

As we at EarthRenew Inc. (CSE:ERTH)(“EarthRenew” or the “Company”) look to tool up for commercial operations in the coming year, I want to take the time to provide a corporate update to our shareholders. 

First, I would like to extend a sincere thank you to everyone for their support over the past several years while we’ve been preparing the Company for large scale rollout of our economic and earth-friendly organic fertilizer offerings. Our primary goal at EarthRenew is to become a world leader in the budding organic fertilizer market in just a few years’ time. I am very proud of the foundation we laid in 2019 and Q1 of 2020 to help reach that goal. We aim to be in a position to provide encouraging updates for shareholders in the near-term.

Let me briefly explain where we have come from, where we are at now, and where we see EarthRenew heading in the coming 12 to 24 months.

I was appointed President and CEO of EarthRenew in 2017.  At the time, the facility was shuttered, and its patented technology had been, effectively, on the shelf for many years.  We had limited information on historic trials, little insight into the technology, and no experience with the equipment.

In the year that followed, we compiled as much information as possible to determine whether the technology was still viable, completing a feasibility study, an engineering study and a marketing study to frame our understanding.  Once we knew the technology was viable, we got to know our key asset, the Rolls Royce turbine, which we began testing in the spring of 2019. By the summer of 2019, we were generating electricity, and our electricity generation revenue began to roll in.

As we deepened our understanding of the technology, we were also busy renewing certifications of the product’s organic status with the Organic Material Review Institute, the Washington State Department of Agriculture, the California Department of Food & Agriculture and the Canadian Food Inspection Agency, as well as reviving our US patents and permits through the United States Department of Agriculture.  Renewing these certifications is critical for EarthRenew as it is a requirement for the target markets we aim to penetrate including California, Washington State, Western Canada, and others.