Categories
Canada Market Commodities News

Corporate Update for EarthRenew Shareholders

Sumary of Corporate Update for EarthRenew Shareholders:

  • The COVID shutdown has closed restaurants, forcing an abrupt shift to groceries and a spike in demand for sustainable foods…
  • So, despite the wearing nature of the global pandemic, we at EarthRenew have managed to proceed largely unimpeded, even thriving amid this unpredictable environment…
  • As interest in sustainable farming and ESG investing continues to rise, EarthRenew growth plans are expanding significantly…
  • Regenerative agriculture practices (which apply to both organic and conventional farming) are focused on reversing climate change by rebuilding soil organic matter and restoring degraded soil biodiversity to improve both carbon drawdown and water cycles…
  • These sustainable practices require large scale adoption by the global farming community for real impact to be realized…
  • Our most significant achievement to date, and a major cornerstone of growth for EarthRenew, comes from our signing of a non-binding letter of intent with Replenish Nutrients Ltd…
  • Replenish Nutrients is a leader in formulating and delivering regenerative fertilizer products to the conventional and organic markets in Canada and already moves significant volumes of product, having grown at over 200% for each of the past two years…
  • I will remind you that Replenish Nutrients is forecasting total revenue of $9.9 million for the period of July 2020 through June 2021, up from $3.6 million for the same period in 2019/2020…
  • Upon completion of the acquisition, EarthRenew plans to fuel Replenish revenue momentum by capitalizing on a number of short-term opportunities to grow production and sales of Replenish products within western Canada…
  • Already, we are looking at several projects to meet the gap in demand and growth from Replenish Nutrient customers – from a retrofit of existing facilities to new projects within both Canada and the US…
  • While this site is intended as a manure treatment facility, once the terms of the relationship have been agreed, an interim step between our construction of a fertilizer production facility and now is to utilize the location as a blending and granulation site for the purpose of introducing Replenish Nutrient product line into the US market…
  • We project that the Colorado site will grant us strategic access to the southwestern United States, one of the largest organic and regenerative markets in the world…
  • We envision that our strategy of installing a Replenish Nutrients granulation and blending site followed by the construction of an EarthRenew upcycling facility provides a quicker path to market as we wait for regulatory permitting to fall into place….

Want to know more click here go to source.