Affinor Growers Closes Exclusive Sublicense Agreement With Native American Communities in the U.S.
MONTREAL, CANADA–(Marketwired – Dec 18, 2014) – Affinor Growers (CSE:AFI)(1AF.F)(RSSFF) (“Affinor” or the “Corporation) announced today that it has closed the Definitive Agreement of the previously announced LOI on November 4, 2014 with North Country Natural Solutions LLC (“North Country”) and Iroquois Consulting Group LLC (“Iroquois”) in New-York State. It represents a $500,000.00 sublicensing agreement and 5% royalty on the net sales on the food production. Additionally North Country and Iroquois will offer consulting services to represents exclusively Affinor with all the Native Communities in the United States in the agriculture and cannabis sectors with the objective to become leader and a model in both industry.
Native American tribes across the U.S. learned on Thursday, December 11th, that the U.S. Department of Justice will allow tribes to grow and sell marijuana on their lands if they follow the federal guidelines established for states that have legalized the drug.
Affinor is sublicencing his vertical farming technology to North Country and Iroquois to have them grow, produce, distribute, sell, market and commercialise the products related to the Agriculture in New-York States. In the mean time, North Country and Iroquois will represents Affinor with all the Native American Tribes across the United States to developp affiliations and sustainability to produce healthy food using vertical growing technology and high quality cannabis using different technics.
Kelly Mitchell commented, “Iroquois and North Country Natural Solutions are thrilled to be afforded the opportunity to work with Affinor to bring its farming technology and expertise in the agriculture and medical marijuana industry to First Nation communities. We foresee this agreement with Affinor and ICG and NCNS playing a substantial role in providing long overdue economic development to Native communities throughout North America.”
Nick Brusatore, Affinor Chairman, commented, “This is a very proud moment for myself and Affinor and a very exciting time for the First Nation people in the USA. Affinor’s vision has always been to help and assist the First Nation to mass produce food for their people to help with the diabetes and to consult and design what is needed to get them ready for the tobacco industry with the marijuana looming federally now. We look forward to assisting the first nation communities and enabling Affinor to advise them as to how to utilize our safe, high quality agricultural and vertical farming technologies to stand up state of the art production facilities. Myself having a wife and four daughters being Status Natives in Canada and members of the Squamish Nation in Vancouver has driven me personally to want this for all First Nation people and I am committed to them to make this happen.”
About Affinor Growers Inc.
Affinor Growers is a diversified 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 and high quality medical Marijuana. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Sebastien Plouffe”, President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.