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Affinor Growers ( (TSE:AFI) ) has issued an announcement.
Affinor Growers Inc. has completed the first tranche of its non-brokered private placement, raising $38,500 through the sale of 700,000 units. The proceeds will be used for administrative fees and the installation of new production towers for strawberry development, potentially enhancing the company’s operational capabilities and market position in sustainable agriculture.
Spark’s Take on TSE:AFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:AFI is a Underperform.
Affinor Growers faces significant financial challenges with zero revenue and widening losses, resulting in a very low score. The company is highly leveraged with negative equity, adding to its risk profile. Technical analysis suggests a neutral market momentum but with a downward price trend. The negative P/E ratio and lack of dividend yield further undermine the stock’s valuation appeal.
To see Spark’s full report on TSE:AFI stock, click here.
More about Affinor Growers
Affinor Growers is a publicly traded company focused on developing vertical farming technologies to grow fruits and vegetables sustainably. It is listed on the CSE under the symbol ‘AFI’ and on the OTC PINK under ‘RSSFF’.
Average Trading Volume: 26,627
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.39M
For a thorough assessment of AFI stock, go to TipRanks’ Stock Analysis page.