Verde AgriTech Ltd.

Verde AgriTech Ltd. announces its financial results for the full year ended December 31, 2023 and the fourth quarter 2023 , as audited by Ernst & Young . The FY 2023 audited results were consistent with the interim results announced by the Company on January 26, 2024: Metric January 26, 2024 press release FY 2023 Audited results Sales 4280,000 428,000 Revenue 37.5 million - 38.5 million 37.9 million EBITDA 1.5 million [...]

Verde AgriTech Ltd. is pleased to announce that it will participate at the 36th Annual Roth Conference . The Conference will take place in Laguna Niguel, California, from March 17, 2024 to March 19, 2024, and Verde will be represented by its Vice President of Corporate Development, Mr. Lucas Brown. Mr. Brown will be available for one-to-one meetings during the Conference to promote investment opportunities and present the [...]

Verde AgriTech Ltd. is pleased to announce a strategic partnership with WayCarbon to bolster the development and monetization of its carbon removal project. WayCarbon is 80% owned by Banco Santander, one of Europe's largest banks. It is a leading developer of carbon removal projects and a pioneer in climate change mitigation and sustainability solutions. The partnership is based on Verde's specialty multi-nutrient [...]

Verde AgriTech Ltd. is pleased to announce the appointment of João Paulo Frez as Chief Revenue Officer . Mr. Frez has over two decades of sales experience in the agribusiness sector, with the past nine years dedicated to developing the market for specialty fertilizers in Brazil. He succeeds Mr. Gilson Guardiero, who has served as the Company's CRO since Q3 2023. Until February 2024, Mr. Frez served as the Senior [...]

Verde AgriTech Ltd. is pleased to announce Marcus Ribeiro as Vice President Sales. Mr. Ribeiro will lead a skilled team of 7 account managers, overseeing 2,468 of Verde's clients. These clients collectively cultivate over 940,000 hectares and present a potential purchase volume of 1.4 million tons of Product. Mr. Ribeiro's responsibilities extend to managing Verde's indirect sales team, with a portfolio that includes 110 [...]

Verde AgriTech Ltd. is pleased to announce Renato Mendes as Vice President Strategic Accounts. Mr. Mendes will lead a team focused exclusively on Verde's main customers, who collectively farm over 9 million hectares. This group of 431 customers can potentially avoid up to 245 thousand tons in emission of CO21 and remove an additional 1.5 million tonnes of carbon dioxide annually. Alone, this impact would represent one of [...]

Verde AgriTech Ltd. announces its preliminary and unaudited results for the period ending December 31, 2023 . The Company also announces its 2024 guidance, targeting sales of 800,000 tons of its multinutrient potassium products, BAKS® and K Forte®, sold internationally as Super Greensand® , and a carbon dioxide removal potential of 38,300 tons of CO2.1 The yearly revenue from Product sales in 2024 is targeted at C$62.9 [...]

Verde AgriTech Ltd. announces its financial results for the third quarter ended September 30, 2023 . "Our Q3 results overcame the turbulent market conditions experienced in 2023. More importantly, there are reasons for optimism regarding a market recovery: the Brazilian Central Bank has reduced its interest rates and its latest announcements indicate further upcoming reductions, and agricultural commodity prices have [...]

Verde AgriTech Ltd. is pleased to announce the results of its first Life Cycle Analysis 1, completed by LCA Design Corporation, a leading Canadian consultancy firm.2 The LCA determines the climate impacts associated with the production of Verde's potassium fertilizer K Forte® from cradle-to-grave.3 The LCA was conducted according to ISO 14040/44:2006 Standard4 and Puro Earth Enhanced Rock Weathering Methodology.5 The [...]

Verde AgriTech Ltd. is pleased to announce that it has secured 16.2 million Canadian Dollars - 60 million Brazilian Reais - in debt financing facility from Banco do Brasil S.A. and Banco Bradesco S.A. , the two largest Brazilian banks . The funds raised will be used to replace existing debt that were at higher interest rates and provide the Company with more favorable terms, including 6 months of grace period for [...]