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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 2, 2016) - Affinor Growers (CSE:AFI)(OTCQB:RSSFF)(FRANKFURT:1AF) ("Affinor" or the "Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, is pleased to announce that it has signed a Letter of Intent with Ontario license holder, Urban Vertical Farms, to finance the Quebec Vertical Farm.
The injection of funds will be project specific to continue the technologically advanced greenhouse and infrastructure of the facility bringing it into the next phase of development. The terms of the deal will be a joint venture partnership with final terms and agreement released when a definitive agreement is completed and executed.
Affinor Growers is very excited to continue the development of the Quebec Vertical Farm with the ultimate goal of providing clean, safe, local, organically grown produce and strawberries to the fresh fruit and produce market.
About Affinor Growers Inc.
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, and strawberries using its vertical farming techniques. Affinor is committed to becoming a pre-eminent supplier and grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors, AFFINOR GROWERS INC.
Jarrett Malnarick, President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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.