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Affinor Growers (CSE:AFI) closes private placement

Agriculture
CSE:AFI
17 January 2022 08:45 (EDT)

Affinor Growers (AFI) has closed a non-brokered private placement for gross proceeds of $365,050.18.

The company issued 10,430,005 units at a price of $0.035 per unit.

Proceeds will be used to finalize Affinor’s greenhouse operations and begin building the Atlantis greenhouse to further increase its strawberry production in 2022.

All securities issued are subject to a four-month hold period expiring on May 15, 2022.

Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner.

Affinor Growers Inc. (AFI) opened trading at C$0.035 per share.

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