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VANCOUVER, British Columbia, Nov. 02, 2023 (GLOBE NEWSWIRE) — Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that Ben Hogervorst has joined the Company’s Advisory Board to assist with the Company’s business execution and 5-year growth plan in Canada and internationally.
Ben Hogervorst is the Chief Executive Officer and co-founder of Britespan Building Systems Inc. Ben and his wife Jenny have been in the fabric building business for over 25 years. In 1995, they became the owners of Cover-All Building Systems of Ontario. In June 2010, Ben partnered with Rob Stute and formed Britespan Building Systems Inc. Under Ben’s leadership, Britespan has experienced rapid growth and success since its inception and has become an industry leader in providing innovative building solutions, expanding into markets across North America, including the agricultural, commercial, and public works sectors.
Affinor CEO – Nick Brusatore commented: “Having Mr. Hogervorst on our advisory team adds building structure manufacturing experience and further design capabilities to Affinor. The possibilities for innovation in agriculture are endless and extremely exciting from a design standpoint. I expect that this relationship will add considerable value to Affinor’s scaleup plans.”
The Company is also pleased to announce that it has granted 5,000,000 stock options (the “Options”) to two consultants of the Company to purchase 5,000,000 common shares (the “Shares”) in the capital of the Company pursuant to the Company’s share option plan. 4,000,000 Options, which vest immediately, are exercisable at a price of $0.03 per Share and 1,000,000 Options, which vest over the course of their term, are exercisable at a price of $0.05 per Share. The Options have a term of ten (10) years from the date of grant.
About Affinor
Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner.
To learn more about Affinor, visit: www.affinorgrowers.com
Nick Brusatore, CEO / Director
604-356-0411
[email protected]
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
The securities of the Company referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
