Verde Agritech Plc is pleased to announce its 2022 guidance of 700,000 tonnes production, with sales of $72.3 million, EBITDA of $28.4 million, net earnings per share of $0.50; and a 2023 guidance of 1.4 million tonnes. 2022 Guidance The Company's target is detailed on a quarterly basis, reflecting the market demand's seasonality, as follows [...]
Verde AgriTech Plc is pleased to announce its financial results for the third quarter, ended on September 30, 2021 . Q3 2021 Financials Revenue increased by 169%, to $10,651,000 compared to $3,956,000 in the third quarter of 2020 . Revenue in Brazilian Real increased by 206%, to R$45,409,000 compared to R$14,815,000 in Q3 2020. Gross margin [...]
Verde Agritech Plc announces that it has voluntarily filed amended and restated financial statements and management's discussion and analysis for the quarters ending March 31, 2021 and June 30, 2021 . The Amended and Restated Interim Filings can be found under the Company's profile on SEDAR, accessible at www.sedar.com. The Amended and Restated [...]
Verde Agritech Plc is pleased to announce an increase in its 2021 revenue guidance to R$90 million and to provide an update regarding sales and the construction of its second production facility . As disclosed in the press release published on November 16, 2020, the construction of Plant 2 was scheduled to begin in the second half of 2021 [...]
Verde AgriTech Plc is pleased to announce its financial results for the second quarter, ended on June 30, 2021 , and the upwards revision of its target revenue for 2021. Q2 2021 Financials Revenue increased by 116%, to $5,376,000 compared to $2,492,000 in the second quarter of 2020 . Revenue in Brazilian Real increased by 159%, to R$23,215,000 [...]
Verde AgriTech Plc held its Annual General Meeting of shareholders on Wednesday, June 30, 2021, in Belo Horizonte, Brazil, and is pleased to announce that its shareholders approved all items put before them. The director nominees were elected as directors of the Company. Shareholders adopted the Directors' Report, the Audited Statement of Accounts [...]
Verde AgriTech Plc is pleased to update shareholders on the procedures for its upcoming annual general meeting of Verde's shareholders, scheduled to take place on June 30, 2021 at 3:00 p.m. . In light of concerns about COVID-19, the notice calling the Meeting issued on May 20, 2021 indicated that it would be "closed", without the ability for [...]
Verde AgriTech Plc is pleased to announce the launch of N Keeper®, a proprietary processing technology for glauconitic siltstone that alters its physical-chemical properties to enable ammonia retention for use as a calibrated additive in Nitrogen fertilizers. This combination is responsible for the reduction of Nitrogen volatilization loss [...]
Verde AgriTech Plc is pleased to announce its financial results for the first quarter, ended on March 31, 2021 . Q1 2021 FINANCIALS Sales increased by 63% with 16,558 tonnes sold, compared to 10,170 tonnes sold in the first quarter of 2020 . The Company recognised revenue of $831,000, an increase of 63% compared to $510,000 in Q1 2020. Brazilian [...]
Verde AgriTech Plc is pleased to announce that Cristiano Veloso has been appointed Chairman of the Board of Directors and that Michael St Aldwyn has been appointed Lead Independent Director of the Board. Mr. Veloso, Verde's Founder, President and Chief Executive Officer, will serve as the Chairman of the Board. The Board is composed of five [...]
Verde AgriTech Plc is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2020 . Q4 2020 Financials Sales increased by 76% with 56,585 tonnes sold, compared to 32,221 tonnes in the fourth quarter of 2019 . Gross margin increased to 59% in Q4 2020, compared to 36% in Q4 2019. The Company recognised [...]
Verde Agritech Plc is pleased to announce that it has received net proceeds of $1,410,057 from the exercise of 1,410,057 Warrants issued pursuant to the private placement completed on March 12, 2019 from a total of sixteen investors. Of these, three were Company insiders. The Warrants were part of a fundraising exercise that raised $1,692,068. On [...]