Renato Couto Gomes , a member of Verde's Board of Directors, informs that he has sold 179,900 shares of Verde AgriTech Plc as part of a margin call. The Shares were pledged against a margin loan made to Mr. Gomes by a financial institution that executed the Shares sale after Verde's shares declined below a certain market price. Mr. Gomes continues to hold over 250,000 shares of Verde. "It is with regret that I have been [...]
Verde AgriTech Plc is pleased to announce its financial results for the full year ended December 31, 2022 and the fourth quarter 2022 . FY 2022 Financials Revenue increased by 190% in FY 2022, to $80,271,000 compared to $27,709,000 in FY 2021. Revenue in Brazilian Real increased by 167% in FY 2022, to R$318,544,000, compared to R$119,310,000 in FY 2021. Sales of Verde's multinutrient potassium products, BAKS® and K Forte [...]
Verde AgriTech Ltd. is pleased to announce that it has filed a request with the National Land Transport Agency for authorization to build a railway branch line to transport up to 50 million tonnes per year of Verde's multinutrient potassium products, BAKS® and K Forte®, sold internationally as Super Greensand®, . The Railway will connect Verde's facilities in São Gotardo to Ibiá, both municipalities in Minas Gerais state [...]
Verde AgriTech Ltd. is pleased to announce that the Brazilian National Mining Agency has issued a set of orders granting Verde multiple easements over lands that will enable the Company to access and build the mines capable of jointly producing up to 23 million tonnes per year of Verde's multinutrient potassium products, BAKS? and K Forte?, sold internationally as Super Greensand?, as detailed in its Pre-Feasibility Study [...]
Verde AgriTech Ltd is pleased to announce its financial results for the third quarter of 2022 . Q3 2022 Financials Revenue increased by 156% in Q3 2022, to $27,269,000 compared to $10,651 in Q3 2021. Revenue in Brazilian Real increased by 140% in Q3 2022, to R$109,056,000 compared to R$45,409,000 in Q3 2021. Sales of Verde's multinutrient potassium products, BAKS® and K Forte® sold internationally as Super Greensand® by [...]
Verde AgriTech Ltd. is pleased to announce that the expansion of its second production plant is now complete, now production is being ramped up from 1.2 million tonnes per year to 2.4 Mtpy of Verde's multinutrient potassium product, K Forte®, sold internationally as Super Greensand® . Plant 2 was commissioned on August 31, 2022 with a production capacity of 1.2Mtpy; it achieved its nameplate capacity on October 26, 2022.1 [...]
Verde AgriTech Ltd. is pleased to announce that its second production plant has achieved its nameplate production capacity of 1.2 million tonnes per year of Verde's multinutrient potassium product, K Forte®, sold internationally as Super Greensand® . Plant 2 was commissioned on August 31, 2022,1 and the production facility is now undergoing expansion to achieve 2.4Mtpy of capacity. "We are proud to see the successful ramp [...]
Verde AgriTech Ltd. is pleased to announce that it has rectified the water issues encountered during construction of improved road access to Plant 2.1 As part of Plant 2's logistics corridor, the Company upgraded the road infrastructure, including 22 kms of roads, 14 kms of asphalting, and the construction of a new bridge. "Fortunately, the road issue did not damage human or environmental wellbeing and was surmounted [...]
Verde AgriTech Ltd. is pleased to announce that it will be presenting at the Morgan Stanley Global Chemicals, Agriculture, and Packaging Conference . The Conference will take place in Boston, MA, on November 8, 2022 and November 9, 2022, and Verde will be represented by its Founder, President & CEO, Mr. Cristiano Veloso. After the Conference, Verde's presentation will be available on the Company's website at [...]
Verde AgriTech Ltd. is pleased to announce the appointment of Madeleine Lee to its Board of Directors . With this addition, the renewal of Verde's Board, announced on September 13, 2022,1 is now complete. "It is a great pleasure to be part of Verde because its purpose 'to improve the health of people and the planet' are principles I personally endorse. To be the second woman to join the Board of Verde reflects the [...]
Verde AgriTech Ltd. is pleased to announce the appointment of Luciana de Oliveira Cezar Coelho and Fernando Prezzotto to its Board of Directors . "As we start a carefully planned renewal of the Board, we welcome Mrs. Oliveira Cezar Coelho and Mr. Prezzotto, whose agricultural sector experience and deep understanding of Brazil will further strengthen Verde's Board", declared Verde's Director, Renato Gomes. "As someone with [...]
Verde AgriTech informs that roadworks it was performing for increased truck accessibility to and from its second plant 1 incurred unforeseen groundwater issues. The solution is already engineered and being implemented. As a consequence, over the next 4 to 8 weeks, limited delivery of Plant 2's production will be possible, with an impact to the Company's 2022 results. Plant 2 is ramping up production to 1.2 million tonnes [...]
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