EarthRenew Upsizes Its Previously Announced Proposed Acquisition of Replenish Nutrients Equity From 38% to 100%
HIGHLIGHTS: EarthRenew has negotiated an increase in its potential equity ownership interest in Replenish Nutrients from 38% to 100%. The proposed acquisition is expected to provide EarthRenew with top line revenue, an existing customer list and distribution channels to sell fertilizer and soil solutions in Western Canada and the U.S. Replenish Nutrient’s senior management team’s […]
EarthRenew Sells 1,500 MWh of Electricity Generated by the Strathmore Facility in 2020
Highlights: The Strathmore Plant generated an estimated $377,667 in revenue from electricity sales during 2020 with a 74% gross margin The cold week of January 12th to 18th saw peak power production pricing for the year with an average power price of $405.65/MWh and power prices above $900/MWh 24% of the time during that week Once fertilizer […]
EarthRenew Lists on the OTCQB® Venture Market Under the Symbol VVIVF
TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH) (OTCQB: VVIVF) (“EarthRenew” or the “Company”), an organic fertilizer producer, is pleased to announce that the Company received approval to list its common shares on the OTCQB® Venture Market, a United States trading platform that is operated by the OTC Markets Group in New York. Effective February […]
EarthRenew to Acquire Stake in Replenish Nutrients Ltd., a Leader in Crop Inputs and the Soil Solution Space
Highlights: EarthRenew intends to acquire an approximately 38% interest in Replenish Nutrients, a leading regenerative fertilizer and nutrient formulation and marketing company This transaction will support the marketing and distribution strategy for EarthRenew, providing access to regenerative agriculture markets in Western Canada and the United States (North Dakota and Montana) The Replenish Nutrients team will […]
EarthRenew Enters Into Marketing Agreement
TORONTO, Dec. 11, 2020 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is pleased to announce the Company has entered into a marketing agreement with Hybrid Financial Inc. (“Hybrid”), an arm’s length party. Hybrid has been engaged by EarthRenew for a period of six months starting December 11, 2020, which term may be […]
EarthRenew Announces Lease Renewal and Feedstock Agreement for Its Flagship Facility Co-Located at Cattleland Feedyards’ Site
Highlights: EarthRenew has renewed its lease of 2.92 acres of the Cattleland Feedyards site located in Wheatland County, Alberta, East of Calgary, for a 9-year term, with eight 5-year extension options The feedstock agreement included in the lease agreement secures a minimum of 40,000 tonnes of wet manure feedstock annually, which we estimate can be used to generate up to 18,000 tonnes of EarthRenew organic fertilizer Cattleland Feedyards expects savings of up to $500,000 […]
EarthRenew Announces Sale of Product to an Alberta Leader in Wellsite Reclamation and Appointment of Key Management
Highlights: EarthRenew sold 25 tonnes of its GrowER fertilizer to NorthWind Land Resources Inc. to use in an oil wellsite reclamation project near Red Deer, Alberta NorthWind applied 7.69 tonnes per acre over a three–acre site to address soil compaction issues that limit vegetation regrowth EarthRenew’s GrowER fertilizer can enhance microbial activity, improve soil health and facilitate the growth of new vegetation […]
EarthRenew Announces Close of Second Tranche Financing; Immediate Use of Funds to Purchase Equipment to Support Recommissioning of the Strathmore Facility in Spring of 2021
Highlights: Second (and last) tranche of the previously announced financing provides EarthRenew with funds to purchase long-lead equipment1, including purpose-built dryer for Strathmore facility refurbishment Fertilizer production restart is expected on time for 2021 spring planting season TORONTO, Oct. 14, 2020 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is pleased to provide […]
EarthRenew Announces Up to C$10m Equity Facility With Alumina
TORONTO, Oct. 08, 2020 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is pleased to announce that it has entered into a financing facility (the “Facility”) for up to C$10 million with Alumina Partners (Ontario) Ltd. (“Alumina”), an affiliate of New York-based private equity firm Alumina Partners LLC. The investment agreement provides the […]