Verde AgriTech Ltd.

Verde Agritech Plc is pleased to announce an increase in its 2022 and 2023 guidance, previously published on January 10, 20221. The new 2022 guidance provides for sales of 1,000,000 tonnes of Verde's multinutrient potassium products, BAKS? and K Forte? sold internationally as Super Greensand? , with revenue of C$109.09 million, EBITDA of C$49.06 million and net earnings per share of C$0.87. The 2023 guidance provides for [...]

Verde Agritech Plc is pleased to announce the launch of Bio Revolution, a new technology that enables the incorporation of microorganisms to Verde's multinutrient potassium fertilizers, K Forte? and BAKS?, sold internationally as Super Greensand? . Brazil's Ministry of Agriculture, Livestock and Supply has approved the incorporation to Verde's Product of the microorganism Bacillus aryabhattai ASN10 , which is renowned in [...]

Verde Agritech Plc is pleased to announce the conclusion of the Market Study that will underpin the preparation of the New Pre-Feasibility Study announced by the Company on March 01, 2021 . The Study calculated the potential Brazilian agricultural market for potash , sulphur , and the micronutrients zinc, boron, copper and manganese . Sulphur and Micronutrients are added to Verde's multinutrient potassium fertilizer K [...]

Verde Agritech Plc is pleased to announce that it has commenced the studies required for permitting and construction of its third production facility . Plant 3 is projected to have a production capacity of up to 10,000,000 tonnes per year of Verde's multinutrient potassium products, BAKS? and K Forte? sold internationally as Super Greensand? , raising the Company's overall production capacity to 13,000,000 tpy, which [...]

Verde AgriTech Plc is pleased to announce its financial results for the fourth quarter 2021 and full year ended December 31, 2021 . Q4 2021 Financials Revenue increased by 391% in Q4 2021, to $10,851,000 compared to $2,209,000 in Q4 2020. Revenue in Brazilian Real increased by 450% in Q4 2021, to R$46,723,000 compared to R$8,489,000 in Q4 2020. Sales by volume increased by 137% in Q4 2021, to 134,350 tonnes sold compared [...]

Verde Agritech Plc announces that it has started working to double the capacity of its second production facility, currently under construction . Verde will also upgrade local infrastructure to sustain Plant 2's increased output and enable a future Plant 3 . Plant 2 is on track to start production in Q3 2022, and the enlarged production capacity is expected to be in operation early Q4 2022. Verde expects to start [...]

Verde Agritech Plc is pleased to announce that its Board of Directors has formed a special committee to evaluate when and how to share profits with shareholders. The analysis will be conducted by a Special Committee comprised of independent directors of the Board, consisting of Mr. Michael St Aldwyn , Mr. Renato Gomes and Mr. Paulo S?rgio Ribeiro Machado. Shareholders' Participation Verde welcomes all shareholders to [...]

Verde Agritech Plc is pleased to announce that it has received a Mining Concession1 for extraction of up to 2,500,000 tonnes per year of potash rich ore, which is processed into Verde's multinutrient potassium products, BAKS? and K Forte?, sold internationally as Super Greensand?, . With this new Mining Concession, the Company is now fully permitted to produce up to 2,833,000 tpy. "This mining concession marks one more [...]

Verde Agritech Plc is pleased to announce a rate of 165% Earned Growth in 2021, compared to a rate of 61% in 2020, demonstrating a higher client repurchase rate and successful client referrals. The Earned Growth Rate measures the sales growth by volume generated by returning customers and new client purchases made by existing clients' referrals.1 The Earned Growth methodology was created by Fred Reichheld, a business [...]

Verde Agritech Plc is pleased to announce its Paid for Growth strategy, a cornerstone program aimed at distributing gains to shareholders as a result of the Company's continued accelerated market expansion. This will be possible thanks to the availability of a transformative source of funding secured by the Company. Previously, financing could only be secured by invoice discounting or guaranteed by capital goods, now [...]