Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news    420 Cannabis Investor Ideas

 

Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

AgriTech Company Hitting Its Stride

Source: Streetwise Reports

 

July 12, 2018 (Investorideas.com Newswire) An agritech company announces its newest processing plant will be fully operational in early third quarter of 2018.


Verde AgriTech Plc (NPK:TSX; AMHPF:OTCQB) is advancing on many fronts. The company recently announced that its on-site plant assembly in São Gotardo, located in the Brazilian state of Minas Gerais, has begun. On June 25, the company announced that a major Brazilian client placed a large purchase of one of its most popular products. And the company has just been accepted as a member of Bonsucro, an organization that promotes sustainable sugar can production. Verde AgriTech is known for its innovative products that promote sustainable agriculture.

One product that stands out is Verde AgriTech's Super Greensand. Super Greensand is a premium multi-nutrient natural fertilizer developed to improve the soil and boost plant nourishment. It contains 68 minerals and trace elements, including potassium, iron, magnesium and manganese. According to the company, the product increases the soil's capacity to retain water and nutrients. Super Greensand has no additives, no salt, and no chlorine (unlike most potassium fertilizers). Both the Organic Materials Review Institute (OMRI) and the California Department of Food and Agriculture (CDFA) have approved it for organic production.

The plant construction agreement was initially announced in March 2018. And now, the company has concluded all site preparations and structural foundations. Most of the plant equipment was delivered to site, and its assembly has begun.

Verde's Expectations for the Processing Plant

Verde AgriTech added $500,000 to its budget for the creation of this processing plant. And the company has high hopes for the plant's future.

Verde AgriTech adds that "Verde is on schedule and on budget to be fully operational in early Q3 2018."

The company projects a 45-ton-per-hour production of Super Greensand at the processing plant. When the company announced its pre-feasibility study results in later November 2017, the numbers were attention-getting. The results showed a post-tax value discounted at 8% of US$ 1.98 Billion and internal rate of return of 290%.

The company explains that having this fully operational plant will help it save money, compared to the present third-party plant that it has been using for its mining operations and production.

Verde President and CEO Cristiano Veloso commented on the production, "The markets in Brazil and the U.S. have warmly welcomed our Super Greensand, as we expected, given the long series of agronomic tests conducted on the product. Now, we are working hard to ensure that we can increase production as soon as possible. Our first wholly owned plant will ensure greater supplies at a lower per-ton cost, so we are excited to see that work is progressing along the tight schedule we established."

Membership in Bonsucro

On July 11, Verde announced that is has been accepted as a member of Bonsucro, an international nonprofit organization to promoted sustainable sugar cane production. Some 52 sugar cane mills are certified in Brazil by Bonsucro.

Veloso stated, "It is an honor to receive a Bonsucro Membership. Super Greensand brings several solutions to the 21st Century challenges in sustainable sugarcane production. In Brazil alone, Bonsucro certified mills have the potential to consume about 1 million tons of Super Greensand as they migrate from conventional potash salt source to our sustainable product. We are eager to help the environment by serving this important market."

According to Verde, potassium chloride is the most commonly used fertilizer for the supply of potash. "Chloride is a harmful chemical across the whole sugar production chain: it harms the development of sugarcane roots; it kills beneficial soil microorganisms; and it has disastrous effects in the sugar industry, where it catalyzes aggressive corrosion of machinery, leading to its premature replacement," the company noted.

Verde emphasized that Super Greensand is rich in silicon and chloride-free. Sugar cane, the company noted, "is known as a silicon-accumulating crop, which means that it extracts large quantities of this element from the soil. Silicon is responsible for increasing the natural resistance of plants against pests, diseases, drought, large temperature variations, salinity, etc."

A Major Purchase

Verde AgriTech is beginning to scale up. The company released on June 25 that one of its repeat Brazilian customers bought a large purchase—3,250 tons—of Super Greensand after a much smaller purchase of 198 tons in 2017.

According to the company, "In this sale, the price per ton of Super Greensand was higher than the reference price adopted in the pre-feasibility study, announced in November 27, 2017; this reflects the increase in potash prices in global markets."

"Since its inception, all the way through Verde's 10-year history as a public company that went into mineral production, the company has only issued some 40 million shares having meticulously invested over US$ 50 million. We will continue to guide Verde with same principles and financial discipline of calculated investment and minimal shareholder dilution. Verde will grow organically to maximize shareholder value," commented Veloso.

Verde's shares are sitting at around CA$0.90.

Disclosure:

1) Nikia Wade compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Verde AgriTech. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Verde AgriTech. Please click here for more information.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Verde AgriTech, a company mentioned in this article.


BiotechIndustryStocks.com - A Leading Global Investor Website for Biotech Industry Stocks

BiotechIndustryStocks.com - investing ideas in biotechnology stocks, medical technology and life sciences

Like Biotech Stocks? View our Biotech Stocks Directory

Get News Alerts on Biotech Stocks


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp