viewVerde AgriTech Plc

Verde Agritech sold 1,093 tonnes of fertilizer in first three months of 2019

No tonnes were sold in the comparative period a year ago, as commercial output had not started

Verde produces a fertlizer product called Super Greensand

Verde Agritech PLC (TSE:NPK)(OTCQB:AMHPF) revealed it has sold 1,093  tonnes of its Super Greensand fertilizer in the three months to end March, leading to revenue of $154,000 as it continues to advance its project in Brazil.

That equates to $141 of revenue per each tonne sold. No tonnes were sold in the comparative period a year ago, as commercial output had not started.

DEEP DIVE: Verde Agritech has cash flow, huge expansion plans, and a high quality product that is being lapped up by Brazilian farmers

For the March period, net loss increased to $873,000 compared to $345,000 a year ago. Verde said continued growth following the start of commercial production in July contributed to the increase.

In 2017, the firm announced a pre-feasibility study, which looked at expanding production.

The study examined producing 25 million tonnes per year (Mtpy) of Super Greensand, ramping up in three phases. A first of 0.6 Mtpy,  a second of 5Mtpy and a third phase of 25Mtpy. Production growth was seen to be financed largely from expected internal cash flow.

Capex (capital expenditure) for Phase 1 was estimated to be US$3.05 million, while capex for all phases was put at US$369.53 million.

Looking ahead, Verde said it will continue market development, engineering studies, construction, finance and environmental licensing efforts to advance Cerrado Verde.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Verde AgriTech Plc

Price: 0.65 CAD

Market: TSX
Market Cap: $30.5 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Verde AgriTech Plc named herein, including the promotion by the Company of Verde AgriTech Plc in any Content on the Site, the Company receives...


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