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Affinor Growers Moves Higher after Acquisition & OTCQB Uplisting

Ryan Allway

June 2nd, 2014

News, Top Story

[stockchart symbol=”RSSFF”]

Affinor Growers Inc. [stockquote symbol=”RSSFF”], an aspiring grower of medical cannabis and other high-quality crops like romaine lettuce, spinach, and strawberries, announced its intent to acquire a 49% interest in a fully-licensed Washington State-based medical dispensary and growing operation for $620,000 in cash payable over six months, subject to due diligence and regulatory approval.

The move has sparked growing interest in the stock among U.S. investors, which prompted the company to uplist to the OTCQB, as of this week. With increased liquidity and transparency, the uplisting serves the dual purpose of making it easier for U.S. investors to buy and sell the stock and ensuring that the company meets higher regulatory standards in order to build trust among shareholders.

According to an earlier press release, the company is also drawing closer to acquiring a 100% interest in a private British Columbia company that’s in the final stages of obtaining a medical cannabis growing license under Canada’s Marihuana for Medical Purposes Regulations (“MMPR”). The move could provide the firm with exposure to both the U.S. and Canadian cannabis industries.

The appointment of Thomas Earnst Baumann also reiterates the company’s secondary focus on growing strawberries, romaine lettuce, spinach, and other high-quality crops in addition to cannabis. These operations could help diversify the firm’s revenues outside of cannabis and help smooth out revenue and profit if the cannabis industry’s pricing becomes volatile.

Mr. Baumann is a member of the North American Strawberry Growers Association, the American Society of Horticulture Sciences, and is the current Director of the Pacific Berry Resource Centre at UFV. He will join the company’s advisory board where he will provide the firm with “a huge advantage in the global strawberry market”, according to Affinor Chairman Nick Brusatore.

Shares of Affinor Growers Inc. jumped more than 13% in early trading on Monday morning.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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