Verde AgriTech Ltd. is pleased to announce Lucas Brown as the new Vice President of Corporate Development. Mr Brown will lead Verde's expansion into the carbon market, in addition to overseeing the Company's institutional and investor relations. Lucas Brown has dedicated a decade working in Brazil, in the last four years serving as the British Consul to Minas Gerais state. In this role, he was responsible for diplomacy [...]
Verde AgriTech Ltd. today announced that its President and Chief Executive Officer, Cristiano Veloso, established an automatic securities disposition plan in accordance with applicable Canadian securities legislation and the Company's internal policies. The ASDP has been established by Mr. Veloso for personal and financial planning purposes and does not reflect Mr. Veloso's views on the future prospects of the Company [...]
Verde AgriTech Ltd. is pleased to announce that Gilson Guardiero will join the Company as its Chief Revenue Officer . With over two decades in agribusiness, Mr. Guardiero possesses relevant expertise in sales, client support and retention, and expansion and optimization of revenue-generating opportunities. As CRO, he will join Verde's leadership team to craft and execute a forward-looking sales strategy that aligns with [...]
Verde AgriTech Ltd. is pleased to announce that the National Land Transport Agency and the Brazilian Ministry of Infrastructure have authorized Verde to build a railway branch line to transport up to 50 million tonnes per year of Verde's multinutrient potassium products, BAKS® and K Forte®, sold internationally as Super Greensand®, . The Railway will connect Verde's production facilities to a railway node part of the [...]
Verde AgriTech Ltd. is pleased to announce that its K Forte® and Super Greensand® undergo mineral dissolution in only a matter of months to a year from its application to soils, faster than the most rapid reacting silicate minerals , which takes years to decades for a similar dissolution. Mineral dissolution is directly correlated to the capture of carbon dioxide from the atmosphere, the faster the dissolution the faster [...]
Verde AgriTech Ltd. is pleased to announce the appointment of marketing veteran Newton Nagumo to the position of Chief Marketing Officer . Mr. Nagumo is brand marketing leader with a 20-year track record of driving transformative innovation and guiding high-performing teams to achieve substantial growth for major Brazilian and global corporations. Mr. Nagumo will join Verde's leadership team to oversee brand and product [...]
Verde AgriTech Ltd. is pleased to announce its financial results for the second quarter ended June 30, 2023 . "We are reassured by Verde's renewed net profit despite the most challenging fertilizer market conditions in recent years. Brazilian farmers have grappled with the convergence of the highest interest rates since 2006 and their dependence on credit. This peaked in Q2 2023, period when farmers must acquire inputs [...]
Verde AgriTech Ltd. is pleased to announce that it is in advanced negotiations to sell carbon credits to major international corporations that are established purchasers of permanent carbon offset. Currently, carbon credits for permanent carbon offset similar to Verde's are being sold at prices up to US$500 per tonne.1 The Company is able to generate up to 300,000 tonnes of carbon credit annually via its existing [...]
Verde AgriTech Ltd. is pleased to announce the carbon capture properties of its K Forte® and Super Greensand® , as detailed by an independent study conducted at Newcastle University under the leadership of Prof. David Manning, PhD, a renowned soil scientist . The carbon dioxide capture is inherent to the Products and is estimated at 120kg per tonne. The CO2 removal does not require any change to the Products' production [...]
Verde AgriTech Ltd. held its Annual General Meeting of shareholders on Thursday, June 22, 2023, at 16 Collyer Quay, #17-00, Singapore, and is pleased to announce that its shareholders approved all items put before them. The results were as follows: Item Voted Upon Voting Result Approval and adoption of the audited consolidated financial statements and the audited stand-alone financial statements of the Company for the [...]
Verde AgriTech Ltd. is pleased to announce the proposal of a resolution to be voted on at the upcoming 2023 General and Special Meeting of Shareholders to stop all sales of Verde's multinutrient potassium products, BAKS® and K Forte® sold internationally as Super Greensand® , to 218 municipalities, totalling 2.23 million km2, covered predominantly by Amazon rainforest .1 If the resolution is approved, to those [...]
Verde AgriTech Ltd. is pleased to announce its financial results for the first quarter ended March 31, 2023 . Q1 2023 Financials Sales of Verde's multinutrient potassium products, BAKS® and K Forte® sold internationally as Super Greensand® by volume were 108,000 tonnes, compared to 112,000 tonnes in Q1 2022 and 16,558 tonnes in Q1 2021. Revenue in Q1 2023 was $11.1 million, compared to $11.3 million in Q1 2022 and $0.8 [...]