Verde appoints USA distributor
2017年6月20日 - 8:00PM
Verde AgriTech (TSX:NPK) ("Verde” or the
“Company”) is pleased to announce it has signed a marketing and
distribution agreement with a leading North American distributor
specialized in the markets for organic agriculture and cannabis
(“Distributor”). The Distributor will have exclusive rights over
the Pacific Northwest region of the USA and non-exclusive
distribution rights for the rest of the country. As part of the
agreement the Distributor has agreed to minimum volumes for the
next 4 years and has already placed multiple orders with Verde for
Super Greensand®.
In addition to cannabis and organics, the
Distributor will work on market development for salinity sensitive
high value crops. The main target is almonds in California.
American almond production is worth about 6.4 billion dollars
annually and over 80% of it is grown in one of the most salinity
damaged areas of the United States. Salinity usually accumulates in
soils after reiterated application of salt-heavy fertilizers in
regions that are not washed by rains, such as irrigated agriculture
in arid regions.
The graphic below compares Super Greensand®’s
salt index with that of other potassium fertilizers. The lower the
salt index, the greater the advantage against soil salinity and
water stress.
A PDF accompanying this announcement is
available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/aab68419-3437-46ad-81d0-1697b390fe86
Verde has been granted a Fertilizing Materials
License by the state of California and should soon receive the
registration of Super Greensand® as an Organic Input Material.
Super Greensand® is already approved by Organic Materials Review
Institute (“OMRI”) to be used in organic production in all other
states.
Commenting, President & CEO, Cristiano
Veloso said: “We are proud to be partners with a leading American
distributor that has a longstanding history supplying the organic
agriculture market. This will allow Verde to join two sectors of
rapid growth in North America: organics and cannabis. The 7
containers of Super Greensand sold in the US are only the start of
a wholesome expansion.”
About Verde AgriTech
Verde AgriTech promotes sustainable and
profitable agriculture through the development of its Cerrado Verde
Project. Cerrado Verde, located in the heart of Brazil’s largest
agricultural market, is the source of a potassium-rich deposit from
which the Company intends to produce solutions for crop nutrition,
crop protection, soil improvement and increased sustainability.
For additional information please
contact:
Cristiano Veloso, President
& Chief Executive Officer
Tel: +55 (31) 3245 0205; Email:
cv@verdeagritech.com
www.verdeagritech.com
www.supergreensand.com
Cautionary Language and Forward Looking
Statements
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accepts responsibility for the adequacy or accuracy of this
release. This press release contains certain "forward
looking statements", which include but is not limited to,
statements with respect to the future financial or operating
performance of the company, its subsidiaries and its projects, and
statements regarding use of proceeds. Forward looking
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"be achieved". Forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the company
to be materially different from any future results,
performance or achievements expressed or implied by
said statements. There can be no assurances that
forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from
those anticipated in said statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
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