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Affinor Growers Inc., a farming technology company, focuses on developing and commercializing vertical farming technologies in North America. Its vertical growing technology helps to grow crops, such as strawberries, romaine lettuce, kale, and spinach. The company was formerly known as Affinor Resources Inc. and changed its name to Affinor Growers Inc. in May 2014. Affinor Growers Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Affinor Growers Inc is a Canadian company producing specialty leafy greens and microgreens for wholesale and retail customers. Long-term growth may be supported by rising demand for locally sourced year-round fresh produce and adoption of indoor production technologies, offering potential to scale and improve supply reliability.
Principal risks include execution and scale-up of capital-intensive production, competition from established growers and conventional produce, and limited public disclosure that raises uncertainty about financial capacity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Income before tax | -1.65M | -1.03M | -0.67M | -1.34M | -1.02M |
| Net income | -1.65M | -1.03M | -0.67M | -1.34M | -1.02M |
| Selling general administrative | 0.43M | 0.50M | 0.17M | 0.93M | 0.88M |
| Gross profit | - | - | - | - | 0.00M |
| Reconciled depreciation | 0.22M | 0.22M | 0.24M | 0.24M | 0.08M |
| Ebit | - | - | - | -1.13M | -0.74M |
| Ebitda | - | - | - | - | -0.85M |
| Operating income | -0.91M | -0.99M | -0.67M | -1.34M | -0.97M |
| Other operating expenses | - | - | - | 0.13M | 0.01M |
| Interest expense | 0.01M | 0.01M | 0.01M | 0.01M | 0.09M |
| Tax provision | - | - | - | 0.00M | -0.00M |
| Net interest income | -0.01M | -0.01M | -0.01M | -0.01M | -0.09M |
| Income tax expense | - | - | - | - | -0.00M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 0.91M | 0.99M | 0.67M | 1.34M | 0.97M |
| Cost of revenue | - | - | - | - | 0.00M |
| Total other income expense net | -0.74M | -0.03M | 0.01M | 0.01M | 0.04M |
| Net income from continuing ops | -1.65M | -1.03M | -0.67M | -1.34M | -1.02M |
| Net income applicable to common shares | - | - | - | -1.34M | -1.02M |
| Breakdown | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Total assets | 0.90M | 1.90M | 2.11M | 2.44M | 1.77M |
| Intangible assets | - | 0.77M | 0.84M | 0.87M | 0.90M |
| Total liab | 2.11M | 1.61M | 1.86M | 1.86M | 0.68M |
| Total stockholder equity | -1.21M | 0.29M | 0.25M | 0.58M | 1.09M |
| Deferred long term liab | - | - | - | - | 0.01M |
| Other current liab | - | - | - | - | 0.03M |
| Common stock | - | - | - | 27.52M | 27.16M |
| Capital stock | 28.85M | 28.70M | 27.86M | 27.52M | 27.16M |
| Retained earnings | -37.78M | -36.13M | -35.10M | -34.43M | -33.09M |
| Other assets | - | - | - | - | 0.01M |
| Cash | 0.01M | 0.00M | 0.00M | 0.00M | 0.43M |
| Total current liabilities | 1.66M | 1.09M | 1.27M | 1.27M | 0.68M |
| Net debt | 0.06M | 0.04M | 0.18M | 0.23M | - |
| Short long term debt | 0.06M | 0.05M | 0.19M | 0.23M | - |
| Other stockholder equity | - | - | - | 6.12M | 5.66M |
| Property plant equipment | - | - | - | 1.46M | 0.30M |
| Total current assets | 0.13M | 0.05M | 0.02M | 0.12M | 0.55M |
| Net tangible assets | - | - | - | -0.28M | 0.19M |
| Net receivables | 0.02M | - | 0.00M | 0.01M | 0.03M |
| Accounts payable | 1.52M | 0.97M | 0.99M | 0.93M | 0.45M |
| Non current assets total | 0.78M | 1.85M | 2.09M | 2.32M | 1.22M |
| Capital lease obligations | 0.41M | 0.59M | 0.59M | 0.59M | 0.00M |
| Breakdown | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Investments | - | - | 0.00M | -0.44M | -0.29M |
| Change to liabilities | - | - | - | 0.13M | 0.36M |
| Total cashflows from investing activities | - | - | - | -0.44M | -0.29M |
| Net borrowings | -0.01M | 0.19M | 0.18M | 0.23M | 0.23M |
| Total cash from financing activities | 0.16M | 0.42M | 0.30M | 0.57M | 1.31M |
| Change to operating activities | - | - | - | 0.08M | -0.06M |
| Net income | -1.65M | -1.03M | -0.67M | -1.34M | -1.02M |
| Change in cash | 0.00M | 0.00M | 0.00M | -0.43M | 0.42M |
| Begin period cash flow | 0.00M | 0.00M | 0.00M | 0.43M | 0.01M |
| End period cash flow | 0.01M | 0.00M | 0.00M | 0.00M | 0.43M |
| Total cash from operating activities | -0.06M | -0.42M | -0.30M | -0.56M | -0.61M |
| Issuance of capital stock | 0.17M | 0.19M | 0.12M | 0.12M | 1.39M |
| Depreciation | 0.22M | 0.22M | 0.24M | 0.17M | 0.08M |
| Dividends paid | - | - | - | 0.00M | 0.00M |
| Change to account receivables | -0.02M | 0.00M | 0.01M | -0.07M | -0.01M |
| Sale purchase of stock | - | - | 0.00M | -0.03M | - |
| Other cashflows from financing activities | - | - | - | -0.03M | -0.08M |
| Change to netincome | - | - | - | 0.47M | 0.05M |
| Capital expenditures | 0.00M | 0.00M | 0.44M | 0.44M | 0.23M |
| Change in working capital | 0.55M | 0.12M | 0.13M | 0.13M | 0.28M |
| Stock based compensation | 0.00M | 0.22M | 0.00M | 0.47M | 0.00M |
| Other non cash items | 0.01M | 0.01M | 0.01M | 0.01M | 0.09M |
| Free cash flow | -0.06M | -0.42M | -0.30M | -0.30M | -0.89M |
Sector: Consumer Defensive Industry: Farm Products
Affinor Growers Inc., a farming technology company, focuses on developing and commercializing vertical farming technologies in North America. Its vertical growing technology helps to grow crops, such as strawberries, romaine lettuce, kale, and spinach. The company was formerly known as Affinor Resources Inc. and changed its name to Affinor Growers Inc. in May 2014. Affinor Growers Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Nicholas G. Brusatore | President, Interim CFO, CEO & Director | 1966 |
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