TORONTO, May 20, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF) (“ EarthRenew ” or the “ Company ”), a Canadian company focused on regenerative agriculture solutions today announced its wholly-owned subsidiary, Replenish Nutrients Ltd. (Replenish) has signed a distribution agreement with Parrish & Heimbecker Ltd. (P&H), one of the country’s largest grain and fertilizer businesses. The agreement allows P&H to distribute Replenish’s regenerative agriculture products across its 30 facilities throughout Alberta, Saskatchewan, and Manitoba for a period of six years, ensuring a reliable channel for movement of both blended and granulated supplies.
It is anticipated this relationship with P&H will expand distribution of Replenish’s regenerative line of crop inputs by up to 6000 tonnes, contributing a minimum value of $1.95M in the first year alone, with a gross margin of approximately 30%.
P&H is the largest family-owned milling company in Canada, with roots in the agricultural industry dating back more than 110 years. The company is growth-oriented, diversified and vertically integrated, with operations in grain trading, handling and merchandising, crop inputs, flour and feed mills. With 30 retail locations across western Canada, P&H is well-positioned to supply organic fertilizers in densely populated organic farming regions in British Columbia, Alberta, Saskatchewan and Manitoba.
CEO of EarthRenew, Keith Driver, states, “We are very excited to announce the signing of this agreement with P&H on the back of just having acquired 100% of Replenish. It speaks both to the certain demand for Replenish’s regenerative product line and to the momentum we’ve built while we work to grow our businesses.” Driver continues, “Our distribution relationship with P&H increases our ability to provide leading products, to more customers and to farm communities throughout Alberta, Saskatchewan and Manitoba. Now we can serve more farmers in more areas who have the important job of growing food to feed the nation.”
Replenish will provide P&H with its regenerative soil health line including Sustain, Super KS and Replenish. These products are all built by leveraging Replenish’s unique soil microbe delivery technology that focuses on feeding soil microbes to enhance soil conditions to maximize plant nutrient uptake. Replenish’s soil health solutions offer a sustainable product alternative to synthetic fertilizers with a low salt index that doesn’t strip the soil or inhibit growth.
According to Colin Hudson, Western Canadian Sales Manager at P&H, “We are pleased to have the opportunity to distribute Replenish’s unique brand of regenerative fertilizers to our conventional and organic customer base. We have seen an impressive increase in demand for products that not only address plant yield but also contribute to soil health and Replenish-line products handily address that need.”
For additional information, please contact:
CEO of EarthRenew
+1 (403) 860-8623
EarthRenew’s mission is to support a farm system that puts healthy soils and grower profitability back on the table. Using circular economic principles of upcycling waste products into high value agronomic inputs, we are building an innovative platform of soil health products that will establish EarthRenew as a key player in the Regenerative Agriculture space. We strive to be a driving part of this movement by offering growers natural fertilizer alternatives that feed the soil to strengthen the earth’s ability to restore itself while growing healthy plants. Our regenerative product line is branded under the label Replenish Nutrients and is targeted at conventional and organic growers who are seeking solutions to address soil health needs. EarthRenew benefits from multiple revenue streams including, primarily, the sale of regenerative fertilizers, but also enjoys secondary revenue from generating power and selling surplus electricity.