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