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More NEWS this morning!!!
http://ih.advfn.com/p.php?pid=nmona&article=62509790
Affinor Growers Plans Expansion to Saskatchewan. Offer Accepted on Land to Build First Strawberry Growing Facility
Yes, same video that is on their website as some had mentioned earlier. Awesome
http://www.fab-all.com
Here is Fab-All's website for those interested in doing more DD on the company
http://www.fab-all.com
RSSFF
It really seems like they are putting all the pieces in place to get their vertical grow operation up and running .
"Fab-All Manufacturing is working closely with Affinor Growers to build and fabricate the physical equipment and technology, used to mechanically pollinate and grow their grade A1 strawberries, hence the vertical integration benefit to Affinor."
I like the use of the present tense "is working" rather than something that will happen in the future.
RSSFF
Lol, yeah, I thought someone else would have posted it sooner but then realized that no one did.
MrSchmidt usually gets the news out before me but he seems to be taking the day off.
RSSFF
Affinor Growers Enters Into a LOI for the Acquisition of Fab-All for $10 Million and VDL to Exercise 2,200,000 Warrants.
http://ih.advfn.com/p.php?pid=nmona&article=62501074&symbol=RSSFF
MONTREAL, QUEBEC--(Marketwired - Jun 9, 2014) - Affinor Growers (CSE:AFI)(FRANKFURT:1AF)(OTCQB:RSSFF) ("Affinor" or the "Corporation) has entered in to a letter of intent (the "LOI") to acquire Fab-All Manufacturing Ltd., a strategic partner specialised in the precision metal fabrication, machining and finishing.
Fab-All Manufacturing is working closely with Affinor Growers to build and fabricate the physical equipment and technology, used to mechanically pollinate and grow their grade A1 strawberries, hence the vertical integration benefit to Affinor.
Strategically and vertically this would be an excellent acquisition by Affinor Growers as Fab-All Manufacturing has been in business since 1985 and generates approximately $12,000,000 in revenue. Fab-All Manufacturing is setting new industry standards in precision metal fabrication, machining and metal finishing.
Basic terms of the LOI provides for the acquisition of all the securities of Fab-All Manufacturing and associated Sig & Ron Limited for an aggregate of $5,000,000 in cash and $5,000,000 in common shares at a deemed price of $1 per share. The assets of Fab-All include a 30,000 square feet building, 4 acres of land and all the state-of-the-art machinery. Fab-All owner, Ron Adolf and his team would continue to manage operations, however it would be 100% owned by Affinor.
The acquisition will be subject to the parties entering into a definitive acquisition agreement, including standard not compete provision for principals and the Corporation's due diligence, which is expected to be completed in a timely manner but no later than June 30, 2014.
Nick Brusatore, Chairman, comment: "I am very excited about the acquisition of Fab-All as I have worked with this company for many years in the development and manufacturing of a number of products. This acquisition also gets Affinor to an immediate revenues and profitable position".
Affinor was also informed by Vertical Design Ltd. that they will exercise their 2,200,000 warrants acquired under the last private placement offering of units for an aggregate exercise price of $880,000. The Corporation expects to receive the formal notice together with payment no later than Friday.
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.
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorgrowers.com
www.affinorgrowers.com
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com
Momentum PR Inc
Max Gagne, President
(514) 913-0351
max@momentumpr.com
NEWS!!!!
Affinor Growers Enters Into a LOI for the Acquisition of Fab-All for $10 Million and VDL to Exercise 2,200,000 Warrants.
No advice given. Just truth.Take it or leave it.
FLPC
Just a heads up, any time you invest in an penny stock you are investing in a company that could disappear at any moment. That was true 1 year ago for FLPC, 6 months ago for FLPC, and now for FLPC. Nothing has changed in that regard.
OTC trading is risky. Hopefully lesson learned.
FLPC
While it's true that costly mistakes were made in the shipping process, it also seems true that there have been instances where our money has been used advantageously such as getting fencemaker up and running in record time. We could have had YEARS of dilution for that process.
I am not upset with management for taking the risk and trying to fast track shipping of ore so that we could have revenue sooner to pay for the mill without toxic financing. It's unfortunate that it didn't work out but I would have been more upset if they hadn't tried.
With the exception of paying Murdock (although I personally still believe the jury is out on them), from what I can tell, they aren't simply squandering money for extravagant things or for huge management salaries or anything of that nature.
We will know more from the 10Q and CC.
FLPC
Yes, thanks, you were correct, it's less than 48 hours.
Also correct that I only get 1 sticky but I was aware that I would have to let go of my other one.
Hopefully the other mods will begin to use their sticky privileges as well!
RSSFF
Awesome, I'm going to sticky your post :)
Have to wait until it's 48hrs old first though.
RSSFF
Nice breakdown Pipeline101!
Did you come up with that or is that from the company?
RSSFF
Hope you have a great weekend as well. Listening to the interview now. Much appreciated.
:)
I actually went to the right site and scrolled down but I missed that you could listen to the interview right there and instead clicked on the link for the interview which tells you that you have to be a member.
Thanks for clarifying. Hope it didn't ruin your day too much ;)
See, just like I said, now that the report is out and it's positive, no one remembers or cares that it was a little late.
Glad to be back on track here.
FLPC
Can someone give a synopsis of what was said in the interview with Frank or point me in the direction of where I might listen to it?
I went to stockguru.com but you have to be a member to listen.
WNTR
Looking at the recent pattern of a week or two of diluting and then a week off, I'm hopeful that this coming week we will get a break since we have had two weeks in a row now. It would make for perfect timing and help us in our move back above a penny,
FLPC
Don't forget we have the Conference Call to look get more questions answered as well. Looking forward to it.
Now the 10q to answers even more questions everyone has.
I think it would be cool if someone would write up a summary of what's been going on with RSSFF as well as a list of things we have to look forward to with dates of upcoming events and such.
I'd be glad to use my sticky post to sticky it above.
RSSFF
Good news. Thanks for sharing Pappadog.
RSSFF
Wrong stock. THere was great news just monday here. Will continue upward now.
ITNS
Yup! Etrade apparently still messed up but otherwise things are moving along nicely!
RSSFF
If that report is good then I guarantee that none of us will remember that it was late.
FLPC
It doesn't sound like Murdock has anything to do with this report or its hold up.
FLPC
Sounds like he is. Wasn't the rumor that the hold up is due to the document being reviewed by company lawyers?
FLPC
I want to apologize. This is the same news. I didn't change the date, it honestly comes up like that in my TDA acct.
Sorry for misleading anyone.
Nope from 2am this morning. COmes up on my TDA acct news but don't see it elsewhere.
Nope from 2am this morning
NEWS - Don't see this on iHub yet but it's on marketwire
Itonis Pharmaceuticals Receives NDC Number From FDA to Enable Production and Marketing of Emesyl(R) Product
2:47a ET June 5, 2014 (Market Wire) Print
Itonis, Inc. (PINKSHEETS: ITNS) is pleased to announce that the U.S. Food & Drug Administration (FDA) has published final approval of the Company's National Drug Code (NDC) number (59067-001) for its Emesyl(R) over-the-counter homeopathic product for nausea relief.
In addition, the Company recently received a Notice of Allowance from the U.S. Patent & Trademark Office for its Emesyl(R) trademark.
The NDC number and trademark Notice of Allowance has enabled the Company to enter the final stage of its product packaging design, and the production of Emesyl(R) will soon begin with its manufacturer, Oasis Health Products.
The Company will market Emesyl(R) to national retailers, including drugstore retailers, department stores, cruiselines, and other strategic retail sectors upon receiving its first production batch from Oasis. Plans are in place to aggressively market Emesyl(R) for a significant share of the worldwide over-the-counter pharmaceutical market revenues.
"Reaching these significant NDC and trademark milestones required a lot of hard work and patience. We have wasted no time in prompting our manufacturer to finalize all steps for the first production run of Emesyl(R), bringing us one step closer to market," said Dr. Charles H. Hensley, the inventor of Emesyl(R) and the Zicam(R) Cold Remedy.
The more than 700 of over-the-counter (OTC) drugs on the market today required a prescription 30 years ago, and the shift to non-prescription OTC medicines has allowed consumers to reduce the number of doctor visits for minor ailments. The worldwide market for OTC drugs could exceed $70 billion by 2015, according to a report by Visiongain, a British research company. (http://pharma.about.com/od/Over-the-Counter-Medicine/a/The-Over-the-counter-Drug-Industry.htm)
In another development, the Company's research team received its 30 day testing feedback on its Cloud9 Project and the ITNS management team has decided to terminate the project in the interest of shareholder value. The Company, however, is moving forward with plans to expand with new innovative products and continues to seek additional ventures that will bring value to the Company and its shareholders.
About Itonis Pharmaceuticals Itonis Pharmaceuticals, a division of Itonis, Inc., is headed by Charles Hensley, Ph.D., and its mission is to create and market over-the-counter and prescription homeopathic products that better people's lives. Dr. Hensley is a pioneer in the development and marketing of safe and effective therapeutic nutraceutical and homeopathic preparations. He was a founder of the company that launched the Zicam(R) Cold Remedy, making the product a household name and forever changing the marketing and product placement paradigm for homeopathic drugs in the United States. Dr. Hensley and his team plan to use the same methodologies to revolutionize the treatment of several other common ailments and other chronic diseases.
About Itonis, Inc.
I
If the news is good no one will even remember that they were a day or two late. Otherwise they have dug themselves a pretty big hole with trust for a lot of folks here.
FLPC
I imagine it would be like the CEO Corner updates which aren't PR'd
FLPC
Right on, I've been refreshing their site all evening
I don't see it on the website yet. Am I missing something?
That's cool but the dude has been threatening to sell and screaming about how bad things are for days now. and exaggerating everything for days now.
He should just get it over with and get rid of his shares if he really believes it's going to .0001
Driver is right, many of us will be there to buy them when he does.
FLPC
let me refresh your memory
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102742270
"Well here's to seeing it drift into triple "0" land, it will never recover at the rate they are diluting.
Another 15million this week? A few chunks of a million or 2 shares on a falling ask, I think I'll try to alleviate some of the pain here and get a few million out at a wash.
If I'm that in love with Antinomy, I'll buy some back at .0001. "
You mean the people that were able to get a mine open years before it normally would have taken are inept?
FLPC
Nah, one of the best minds in the vertical grow industry.
People are probably just jealous.
Nick is the real deal.
Besides, I don't need people to like him, I just need him to produce revenues for us.
RSSFF
Yes, we will make a killing on strawberries! Plus, we are going to grow other produce as well. Lettuce, herbs, etc. The possibilities and revenues are endless!! All that is in addition to the MJ plans.
RSSFF
Wow, looks great! Must have updated it last night or today.
Thanks for letting us know!
RSSFF