Affinor Growers Inc. (C:AFI*CA)
Business Focus: Agricultural Biotechnology
| Sector: Consumer Non-Cyclicals | Industry: Fishing & Farming |
| Company Contact | |
| Address: | 4th Floor, 595 Howe St. VANCOUVER BC V6C 2T5 |
| Tel: | N/A |
| Website: | https://www.affinorgrowers.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Affinor Growers Inc. is a Canada-based vertical farming technology company. The Company is a patented technology developer and supplier of turnkey vertical farming facilities, including greenhouse, growing towers, automation and cultivation processes. It has designed and developed the vertical farming tower for soil-based growing for strawberry production. The Company has vertically integrated growing systems that can offer automated mechanical pollination for fruiting crops and vertical solutions for the vertical farming industry. It is growing strawberries at four levels in a 15,000 square foot leased greenhouse in Abbotsford British Columbia. The rotating towers have been specifically designed to increase plant density and overall production within a greenhouse, an indoor growing operation and outdoors. It has also developed and patented its own growing towers in Canada, the United States, Colombia and Aruba. |
| Financial Overview |
| For the six months ended 30 November 2023, Affinor Growers Inc revenues was not reported. Net loss increased 76% to C$459K. Higher net loss reflects vertical farming technology company segment loss increase of 71% to C$447K. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.01 to -C$0.02. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4.18M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
| EBITDA (TTM): | -$0.61M as of Nov 30, 2023 |
| Net annual income (TTM): | -$0.87M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$0.29M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $0.97M as of Nov 30, 2023 |
| Shares outstanding: | 35,926,026 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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