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Verde Agritech to establish first B2B marketplace for sustainable food

Farmers will be able to use the business to offer nutrient-rich, sustainably produced food directly to interested corporate buyers

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Verde Agritech sells the fertilizer called Super Greensand

Fertilizer group Verde Agritech PLC (TSE:NPK) has reached another milestone in its evolution - the formation of a new free business-to-business (B2B) platform called Verde Marketplace, to sell food.

Farmers will be able to use the business to offer nutrient-rich, sustainably-produced food directly to interested corporate buyers, serving a growing portion of customers looking for such produce.

The unit will be launched during the world's largest coffee event, the Semana Internacional do Cafe, which will be held from November 7 to November 9, 2018, in Brazil.

Super Greensand

Verde is the company behind Super Greensand - a multi-nutritional fertilizer, which contains 70 elements and trace minerals, including potash, potassium, magnesium, manganese and plant-available silicon.

"The vast majority of sales channels available to farmers value the product's weight and appearance but neglect the true nutritional value of food or the consequences that the use of chemical substances can have on human health and soil," said Cristiano Veloso, founder and chief executive.

"Our goal is to change this set of forces to potentialize the business of farmers and resellers of sustainable products."

Verde Marketplace is open to food qualified under one or more of four credentials: chloride-free, bio-nutrient (nutrient-rich produce), carbon dioxide captured and organic.

The platform will also be open to certified producers irrespective of whether they use Verde's suite of plant nutrition products.

The accredited farmer registers the product it has available to sell and waits for offers from interested parties.

New processing plant

In July this year, Verde kicked off operations at its processing plant.

Next year, the company plans to produce 200,000 tonnes of products and start the construction of a new processing facility capable of a further 600,000 tonnes per year.

A pre-feasibility study has shown an after-tax net present value, with a discount of 8%, of US$1.98-billion and an internal rate of return of 290%.

Verde Agritech shares gained 5% to stand at $0.84 in Toronto on Wednesday.

Reporting by Giles Gwinnett

[email protected]

Quick facts: Verde AgriTech Plc

Price: 0.63 CAD

TSX:NPK
Market: TSX
Market Cap: $29.57 m
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Verde AgriTech launches B2B platform called Verde Marketplace

Fertilizer group Verde Agritech PLC (TSE:NPK, OTCQB:AMHPF) CEO Cristiano Veloso tells Proactive how the company has reached another milestone in its evolution, a free business-to-business (B2B) platform to sell food called Verde Marketplace. Veloso says farmers will be able to use...

on 11/08/2018

2 min read