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 [...]
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 [...]
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 [...]
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 [...]
Verde Agritech Plc is pleased to announce its 2022 guidance of 700,000 tonnes production, with sales of $72.3 million, EBITDA of $28.4 million, net earnings per share of $0.50; and a 2023 guidance of 1.4 million tonnes. 2022 Guidance The Company's target is detailed on a quarterly basis, reflecting the market demand's seasonality, as follows [...]
Verde AgriTech Plc is pleased to announce its financial results for the third quarter, ended on September 30, 2021 . Q3 2021 Financials Revenue increased by 169%, to $10,651,000 compared to $3,956,000 in the third quarter of 2020 . Revenue in Brazilian Real increased by 206%, to R$45,409,000 compared to R$14,815,000 in Q3 2020. Gross margin [...]
Verde Agritech Plc announces that it has voluntarily filed amended and restated financial statements and management's discussion and analysis for the quarters ending March 31, 2021 and June 30, 2021 . The Amended and Restated Interim Filings can be found under the Company's profile on SEDAR, accessible at www.sedar.com. The Amended and Restated [...]
Verde Agritech Plc is pleased to announce an increase in its 2021 revenue guidance to R$90 million and to provide an update regarding sales and the construction of its second production facility . As disclosed in the press release published on November 16, 2020, the construction of Plant 2 was scheduled to begin in the second half of 2021 [...]
Verde AgriTech Plc is pleased to announce its financial results for the second quarter, ended on June 30, 2021 , and the upwards revision of its target revenue for 2021. Q2 2021 Financials Revenue increased by 116%, to $5,376,000 compared to $2,492,000 in the second quarter of 2020 . Revenue in Brazilian Real increased by 159%, to R$23,215,000 [...]
Verde AgriTech Plc held its Annual General Meeting of shareholders on Wednesday, June 30, 2021, in Belo Horizonte, Brazil, and is pleased to announce that its shareholders approved all items put before them. The director nominees were elected as directors of the Company. Shareholders adopted the Directors' Report, the Audited Statement of Accounts [...]
Verde AgriTech Plc is pleased to update shareholders on the procedures for its upcoming annual general meeting of Verde's shareholders, scheduled to take place on June 30, 2021 at 3:00 p.m. . In light of concerns about COVID-19, the notice calling the Meeting issued on May 20, 2021 indicated that it would be "closed", without the ability for [...]
Verde AgriTech Plc is pleased to announce the launch of N Keeper®, a proprietary processing technology for glauconitic siltstone that alters its physical-chemical properties to enable ammonia retention for use as a calibrated additive in Nitrogen fertilizers. This combination is responsible for the reduction of Nitrogen volatilization loss [...]
