Affinor Growers announces share consolidation and new CFO

Added on 10 June 2022

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VANCOUVER, British Columbia - Affinor Growers Inc. ("Affinor" or the "Company") (CSE: AFI; OTCQB: RSSFF), a vertical farming technology and operations company with a commercial production facility in Abbotsford, BC, is pleased to announce that the Company intends to consolidate the common shares in the capital of the Company (the "Shares") on the basis of a one (1) post-consolidated Share for each ten (10) pre-consolidated Shares (the "Consolidation"). The proposed Consolidation is subject to the approval of the Canadian Securities Exchange (the "CSE"). The Company's name and stock symbol are currently expected to remain unchanged following the Consolidation.

The Company currently has 221,463,625 Shares issued and outstanding and if the proposed Consolidation is undertaken, the Company will have approximately 22,146,362 Shares issued and outstanding.

The Company also announces that Nick Brusatore has been appointed Interim Chief Financial Officer of the Company effective immediately. Mr. Brusatore will replace Sarj Dhaliwal who served as the Company's Chief Financial Officer from December 8, 2020 to June 07, 2022.

Nick Brusatore is a design expert in the commercial production of plants using vertical growing technology. Nick was nominated for the award of excellence in Canada for agriculture in 2012 and was an early pioneer in the vertical farming space back in 2000. He is the initial funder and founder of Affinor Growers (AFI.CN).

About Affinor

Affinor is a publicly traded company listed on the CSE under the symbol "AFI" and on the OTCQB under the symbol "RSSFF". Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits and vegetables in a sustainable manner. The Company is currently growing strawberries for local markets in its 15,000 square foot greenhouse in Abbotsford, BC.

To learn more about Affinor, visit: www.affinorgrowers.com