VANCOUVER, British Columbia, March 27, 2018 (GLOBE NEWSWIRE) -- Affinor Growers Ltd. (“Affinor Growers”) (CSE:AFI) (OTC:RSSFF) (Frankfurt:1AF) is pleased to announce that it has signed an exclusive manufacturing license with Cobotix Manufacturing Inc. (“Cobotix”) on March 26, 2018. Cobotix plans to incorporate in Aruba to build a state of the art manufacturing plant by the beginning of August 2018 to manufacture the patented stainless-steel towers for the Caribbean for mass production of fruits and vegetables. The cost of project which includes the setup of lasers and welding forming equipment is estimated to be approximately $5 Million, which will be entirely funded by Cobotix.
Cobotix Manufacturing Inc. is the current manufacture of the Affinor Growers Patented Vertical Farming Technology. This state of the art manufacturing facility in Aruba will service the needs of the Caribbean and enable the ramp up and meeting of all manufacturing goals and targets. Many skilled job opportunities will be created while adding to the sustainable drive and needs in many regions around the world.
Through a newly formed entity, Affinor Growers will receive 10% voting shares of Cobotix Manufacturing Aruba, a seat on the board of directors and 10% of any subsidiaries created to service the Caribbean going forward. No water waste and pesticide use are important elements to the technology. We feel the quality product and production methods used, will be industry leading and show the world suitability and quality while driving the markets.
About Cobotix Manufacturing Inc.
Cobotix is a British Columbia incorporated company located at 1467 Mustang Place, Port Coquitlam.
About Affinor Growers
Affinor Growers is a publicly traded company on the Canadian Securities Exchange under the symbol ("AFI"). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries using its vertical farming techniques. Affinor is committed to becoming a pre-eminent supplier and grower, using exclusive vertical farming techniques.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
AFFINOR GROWERS INC.
"Nicholas Brusatore"
CEO
"The manufacturing processes, quality and delivery are key when building a project of this size. We are excited to be able to service the Caribbean with COBOTIX and ensure all needs are met with real-time manufacturing."
For More Information, please contact:
Nicholas Brusatore, CEO
contact@affinorgrowers.com
604-356-0411