Verde AgriTech Plc is pleased to announce its financial results for the first quarter, ended on March 31, 2021 . Q1 2021 FINANCIALS Sales increased by 63% with 16,558 tonnes sold, compared to 10,170 tonnes sold in the first quarter of 2020 . The Company recognised revenue of $831,000, an increase of 63% compared to $510,000 in Q1 2020. Brazilian [...]
Verde AgriTech Plc is pleased to announce that Cristiano Veloso has been appointed Chairman of the Board of Directors and that Michael St Aldwyn has been appointed Lead Independent Director of the Board. Mr. Veloso, Verde's Founder, President and Chief Executive Officer, will serve as the Chairman of the Board. The Board is composed of five [...]
Verde AgriTech Plc is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2020 . Q4 2020 Financials Sales increased by 76% with 56,585 tonnes sold, compared to 32,221 tonnes in the fourth quarter of 2019 . Gross margin increased to 59% in Q4 2020, compared to 36% in Q4 2019. The Company recognised [...]
Verde Agritech Plc is pleased to announce that it has received net proceeds of $1,410,057 from the exercise of 1,410,057 Warrants issued pursuant to the private placement completed on March 12, 2019 from a total of sixteen investors. Of these, three were Company insiders. The Warrants were part of a fundraising exercise that raised $1,692,068. On [...]
Verde Agritech Plc is pleased to announce its sales results for the fourth quarter and for the year ended December 31, 2020 . Audited financial results for Q4 2020 and FY 2020 will be reported and filed on SEDAR on March 30, 2021. In Q4 2020 the Company sold 56,585 tonnes of its multinutrient potassium fertilizer, marketed and sold in Brazil under [...]
Verde Agritech Plc announces that it has changed its auditor from BDO LLP to PKF Littlejohn LLP . The Former Auditor resigned at the request of the Company effective as of November 27, 2020, and Verde’s Board of Directors appointed the Successor Auditor as the Company’s auditor until the close of the Company’s next annual general meeting. "We would [...]
Verde Agritech Plc is pleased to announce its financial results for the third quarter, ended September 30, 2020 . Q3 2020 Financial Highlights Sales increased by 68% with a total of 105,769 tonnes sold, compared to 62,855 tonnes in the third quarter of 2019 . The Company achieved a net profit of $1,090,046, compared to a net profit of $1,000 in Q3 [...]
Verde Agritech Plc is pleased to announce it has received the full environmental license for mining up to 233,000 tonnes per year of its multinutrient potassium fertilizer, marketed and sold in Brazil under the K Forte? brand and internationally as Super Greensand? . The Company had been awarded the Mining Concession for this area, Mine Pit 1, in [...]
Verde Agritech Plc is pleased to announce its financial results for the second quarter, ended June 30, 2020 . Q2 2020 Financial Highlights The Company recognised revenue of $2,492,586, an increase of 87% compared to $1,329,127 in the second quarter of 2019 . Production increased by 139% with a total of 80,490 tonnes mined, compared to 33,671 tonnes [...]
Cristiano Veloso announces that he acquired 750,000 shares of Verde Agritech Plc on the exercise of stock options , on July 10, 2020. Prior to the Issuance, The Acquiror held 7,846,339 Shares representing approximately 16.49% of the issued and outstanding Shares. Following the Issuance, The Acquiror holds 8,596,339 Shares representing approximately [...]
Verde Agritech Plc held its Annual and Special Meeting of shareholders on Tuesday, June 30, 2020 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 announce its financial results for the first quarter ended March 31, 2020 . Q1 2020 FINANCIAL HIGHLIGHTS Revenue increased by 230% to $509,532, compared to $154,279 in Q1 2019. Production increased by 32% with a total of 6,375 tonnes, compared to 4,825 tonnes in Q1 2019. Sales increased by 830% with a total of [...]
