VANCOUVER, British Columbia, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Affinor Growers’ (CSE:AFI) (OTC:RSSFF) (Frankfurt:1AF) Board of Directors has accepted the resignation of Mr. Jarrett Malnarick as President and CEO of the Company. The Board is in the process of completing a search for the next CEO who will be announced shortly.
Mr. Jarrett Malnarick, who is resigning from Affinor Growers to pursue other interests noted that “We have been able to advance Affinor’s technology, test it in several conditions with different plants, and vastly improved the financial condition of the Company during the past two years and I’m happy to hand over the reins to allow for a new CEO to take the sales to the next level.”
The Board of Directors thanks Mr. Malnarick for his past 5 years with Affinor and his steady guidance and very positive improvements to both the product and the financial conditions of the Company during that period, and wishes him success in his new ventures.
The Board has also granted 900,000 stock options at a price of $0.19 per share exercisable for a period of 3 years to an officer and a consultant of the Company.
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.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
"Mark T. Brown"
CFO
For More Information, please contact:
Mark T. Brown, CFO
contact@affinorgrowers.com