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An announcement from Affinor Growers ( (TSE:AFI) ) is now available.
Affinor Growers Inc. announced a debt settlement agreement with three creditors, settling $365,757.79 in debt by issuing 6,095,963 common shares at a deemed price of $0.06 per share. This settlement involves related party transactions with company directors and is exempt from certain regulatory requirements due to the securities not exceeding 25% of the company’s market capitalization.
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 to grow fruits and vegetables sustainably. It is listed on the CSE under the symbol ‘AFI’ and on the OTC PINK under the symbol ‘RSSFF’.
Average Trading Volume: 17,457
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.2M
See more insights into AFI stock on TipRanks’ Stock Analysis page.