Corporate Update and Update on Q3 Filings

Nachrichtenquelle: globenewswire
29.05.2020, 23:38  |  161   |   |   

VANCOUVER, British Columbia, May 29, 2020 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) provides a corporate update and update on the filing of the Company’s unaudited condensed interim financial statements for the nine months ended February 29, 2020.

Corporate Update

With the reality setting in that the Covid-19 pandemic is far from over and that social distancing and other restrictions could be in place for several months, it’s becoming more important than ever to have a consistent food supply that is secure, safe, and clean.  With that in mind, Affinor is working harder than ever to commercialize its current technology and also working with Cobotix Manufacturing Inc. in developing additional vertical farming technologies to expand our product line.

Cannabis LED Light Grow Trials

In December 2019, the Company entered into an agreement with Fundamental Lighting Solutions Inc. (“Fundamental”) and Cannalife Solutions LLC (“Cannalife Solutions”) to test the LED cannabis lights.  On the back of the first successful grow trial, completed in February 2020, the Company moved directly into a second grow trial.  The Company is currently awaiting the final results of the second grow trial while moving into the third grow trial.

The advancement of the trials is a testament to the great cannabis LED lighting product that has been developed.  We will continue to gain valuable data from these grow trials, that in turn, we will use to commercialize the cannabis LED lights.  We are in the process of working with Fundamental Lighting and Cannalife Solutions to expand the testing program to convert a second room to the cannabis LED lights in the coming months.

Agreement with the University of Fraser Valley (“UFV”)

In February 2019, the Company entered into a two-year agreement with the UFV to complete strawberry grow trials in the newly designed soil-based, vertical growing tower with the use of the LED lights from Fundamental Lighting.  The grow trials took place at The Surrey Biopod facility, a partnership between the University of the Fraser Valley, the John Volken Academy (“Volken Academy”), and the City of Surrey.

The growing trial was a success and we were able to showcase the growing ability of the towers and the high-quality strawberries being grown in the towers. The strawberries continue to grow well and we have donated the towers to the Volken Academy so that they may continue to use the technology and continue the great work they are doing at the Surrey Biopods.

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