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Affinor Growers (CSE:AFI) closes first tranche of non-brokered private placement

Agriculture, The Market Online Deal Room
CSE:AFI
13 October 2022 09:00 (EST)

Affinor Growers (AFI) has closed the first tranche of a non-brokered private placement for gross proceeds of $124,000.

The company issued 1,550,000 units at $0.08 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for 24 months.

The net proceeds will be used for planting and production costs and to help with the launch of the facility in Abbotsford.

All securities issued will be subject to a statutory four-month hold period. A finder’s fee may be paid to eligible arm’s length finders.

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

Affinor Growers Inc. (AFI) opened trading at C$0.08.


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