Affinor Growers Inc. (RSSFF)

[CansoSpaceMan]

Affinor invested in a company called Herbal Analytics, this is not listed on their site as a subsidiary. 49% means they do not have a control position in the company. This is one of many investments moving forward and clearly any legal issues have been withdrawn towards the previously named individuals. Hopefully both companies can get back to business and work towards share holder value. Months and sometimes years cases are locked up in courts and those involved never recover the costs associate with the suit even if they are the winner in the end.

Under the terms, Affinor Growers paid $150,000 cash, $150,000 in a repayable loan over a maximum of 4 years and issued 949,612 of Affinor common shares at $0.516 per share for 49%. The proceeds will be used to build the laboratories to meet the demand and handling the volume necessary of SI-502 and medical clients in Washington State, including, but not limited to, the equipment, employee salaries, marketing, sales and regular business needs.

Sebastien Plouffe, President and CEO, comments: “This relationship is another demonstration of Affinor’s commitment to become the ultimate grower and supplier of high quality cannabis products in Washington State and the expanding legalized states and countries. This is a profitable business and Affinor is thrilled to have a 49% participation in the profit of Herbal Analytics”.