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Affinor Growers Announces New Advisory Board Member and Stock Option Grants

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  • RSSFF

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, British Columbia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that Patrick Carey has joined the Affinor advisory board to assist with the Company’s business execution and 5-year growth plan in Canada and internationally.

Pat Carey is a third-generation leader of Wallace & Carey, Canada’s largest, independent distributor. Headquartered in Calgary, Wallace & Carey serves more than 7,000 customer locations through their expansive distribution network, which services every postal code in Canada. Pat leads this national, family-owned, 100-year success story. He officially took on the role of CEO in 2018.

He is a graduate and proud alum of the F.C. Manning School of Business at Acadia University, and an active member of numerous industry organizations and trade groups including the Young Presidents Organization (YPO), ITWAL Limited (a national network of independent, diversified retail and foodservice wholesale distributors), and a lifelong volunteer with community events like the Calgary Stampede.

Affinor CEO - Nick Brusatore commented: “Having Mr. Carey on our advisory team completes the people puzzle required to fulfill our vertical farming quest and drive the Affinor growth plan. It’s an honor and a privilege to work with Patrick. I truly believe Affinorians are headed for agriculture technology leadership and sustainable success. I expect that this relationship will add considerable value to Affinor’s marketing plans.”

The Company is also pleased to announce that it has granted 1,000,000 stock options (the “Options”) to a consultant of the Company to purchase 1,000,000 common shares (the “Shares”) in the capital of the Company pursuant to the Company’s share option plan. The Options are exercisable at an exercise price of $0.05 per Share for a period of ten (10) years from the date of grant. The Options are subject to vesting periods over the course of the term of the Options.

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

Affinor Growers Inc
Director / CEO Nick Brusatore
604-356-0411

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.

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.

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.


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