REPLENISH NUTRIENTS AWARDED NON-DILUTIVE FUNDING
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/
CALGARY, AB, Aug. 24, 2022 /CNW/ - EarthRenew Inc. (CSE: ERTH) (OTCQB: VVIVF) (Frankfurt: WIMN) ("EarthRenew" or the "Company"), along with its wholly owned subsidiary, Replenish Nutrients Ltd. ("Replenish"), are pleased to announce it has been awarded over $162,000 non-dilutive funding from Canadian Agriculture Partnership's (CAP) Value-Added Program.
The CAP award supports process design and improvement, engineering, and equipment at Replenish's Beiseker site.
Gerard Philpott, Executive Vice President of Corporate Development at Replenish Nutrients, said, "We are pleased to receive this funding from the Canadian Agriculture Partnership. The funding supports and validates the importance of regenerative agriculture adoption across Canada. The Beiseker facility is used as a pilot facility to demonstrate and refine processing technology for larger sites."
The Canadian Agricultural Partnership is a five-year, $3 billion Federal-Provincial-Territorial investment in the agriculture, agri-food and agri-based products sector that began in April 2018. The Canadian Agricultural Partnership represents a Federal-Provincial investment of $406 million in strategic Alberta based programs and initiatives for the agricultural sector. The Value-Added Program focuses on positioning Canada's agri-food ecosystem for success as world leaders in sustainable agriculture.
About Replenish Nutrients
Replenish Nutrients delivers leading regenerative fertilizer solutions to support a farm system that puts healthy soils and grower profitability back on the table. By combining Canadian-sourced nutrients with our proprietary delivery system, we've developed a sustainable alternative to synthetic fertilizers that enhances overall soil function and biology while providing valuable plant-available nutrients farmers rely upon for healthy crops. To learn more about Replenish Nutrients products, visit our website at www.replenishnutrients.com.
Replenish Nutrients is 100% wholly owned by EarthRenew Inc.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Offering, such as the expected use of the net proceeds of the First Tranche. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and other risks of the energy and fertilizer industries. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE EarthRenew Organics Inc.
Keith Driver, CEO of Replenish Nutrients, +1 (403) 860-8623, Email: [email protected]
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