Vancouver, British Columbia--(Newsfile Corp. - May 29, 2014) - Affinor Growers Inc. (CSE: AFI) (OTC PINK: RSSFF) has obtained approval from the Canadian Securities Exchange for its change of business.
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Following overwhelming approval by its shareholders, the company changed its name from Affinor Resources to Affinor Growers Inc, and has closed the acquisition of a 100% interest in a private British Columbia company, which is in the final stages of obtaining their Medical Marijuana growers license.
This approval constitutes the last step of Affinor's plan to change its primary focus from resource exploration to the agriculture, medical marijuana and industrial hemp industries.
Affinor plans to partner with and provide financing for Medical Marijuana and Industrial Hemp companies, providing Affinor with an equity share in each business and/or royalty on sales. This will allow Affinor to not only share in the growth and cash flow from these industries but also diversify its operations beyond just a single location, further de-risking its new business plan.
President and CEO Sebastien Plouffe stated, "The Medical Marijuana and Industrial Hemp industries have become one of, if not the most explosive growth industries in existence today. We are currently in the process of re-branding and aligning our company to benefit from this tremendous growth potential. Affinor is now evaluating multiple Industrial Hemp and Medical Marijuana opportunities from licenced grow facilities to dispensary networks and management is focused on attracting some of the industry's top expertise".
The shares are trading at $0.69, and with 70 million shares outstanding, the company is capitalized at $48.3 million.
For more information, please visit the company's website www.affinorresources.com or contact Sebastian Plouffe at 514-947-2272 or email splouffe@affinorresources.com.
The company's investor relations is handled by Max Gagne at Momentum PR, who can be reached at 514-913-0351 or by email at mgagnegodbout@momentumpr.ca.
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