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Affinor Growers ( (TSE:AFI) ) just unveiled an update.
Affinor Growers Inc. has entered into a strategic advisory agreement with Blockchain Labrador Corporation (BlockLab) to explore the installation of BlockLab’s Hestia Bitcoin Mining Furnace technology at Affinor’s Abbotsford strawberry production facility. This collaboration aims to showcase the synergy between cryptocurrency mining and indoor agriculture by repurposing waste heat from bitcoin mining to reduce environmental impact and energy costs. The agreement includes granting BlockLab 300,000 stock options, highlighting a significant step towards integrating renewable energy and innovative technology in 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 Inc. is a publicly traded company focused on developing vertical farming technologies and systems to grow fruits and vegetables sustainably. It is listed on the CSE under the symbol ‘AFI’ and on the OTCQB under ‘RSSFF’.
Average Trading Volume: 20,290
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2M
See more data about AFI stock on TipRanks’ Stock Analysis page.