Affinor Growers Announces Lucrative Freshbay Deal

Affinor Growers Inc. (TSE:AFI) has released an update.

Affinor Growers Inc. has amended its Agricultural Technology Agreement with Freshbay Inc., granting Freshbay exclusive rights to certain agricultural intellectual property. In return, Freshbay will pay Affinor CAD $33.5 million in scheduled payments tied to funding milestones and product shipments. The deal, which also includes a significant finder’s fee related to the transaction, is expected to expand Affinor’s global patent presence and distribution networks.

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