#Agtech
/ #SustainableAgriculture #Stocks – Growth in Investment During #Coronavirus
Pandemic (TSXV: $CSX.V) (NYSE: $AVD) (NYSE: $NTR) (TSX: $NTR.TO), (NYSE: $DIET) (NASDAQ: $BYND)
Point
Roberts WA, Delta BC April 6, 2020 -Investorideas.com, a
leading investor news resource releases a sustainable agriculture snapshot
featuring Vancouver-based Clean Seed Capital Group Ltd. (TSX-V: CSX).
Read this news
featuring Clean Seed in full at https://www.investorideas.com/news/2020/renewable-energy/04061-Agtech-Agriculture-Coronavirus.asp
The sustainable agriculture and agtech sectors
are seeing an influx of investment and support in the face of the coronavirus
pandemic as the future of food supplies and how we grow food is being
scrutinized.
According to an article in TechAccel, Stunning growth in Ag Biotech Market
investments, “Two years ago, we shared a map of the Ag Biotech Market that
showed 245 startups working in plant and animal biotechnology. Since that
original map, we’ve continued to track the market and, this year found a
stunning doubling of investment dollars – $6.9 billion across 385 companies,
compared to $3.4 billion in 245 companies in 2017. This investment is robust,
despite the protracted negative agricultural cycle and massive impacts from
trade tariffs.”
In a recent press
release from Agriculture and
Agri-Food Canada, Marie-Claude
Bibeau, Minister said,
while talking about a federal investment of $560,000 for the CFA to
develop the Canadian Agri-Food Sustainability Initiative: “More and more, customers of Canada's high-quality food want to know that
their food was produced ethically, with a minimized impact on the environment. Canada's farmers and processors are already
leaders when it comes to the use of more green technologies and practices in
our food production. This new initiative is an important tool to tell our story
and build consumers trust for our producers."
Clean Seed Capital
Group Ltd. (TSX-V: CSX) an
agtech innovator and creater of the world’s first true variable-rate smart
seeding technology, the SMART Seeder™, recently
made headlines in the sustainable agriculture sector.
Clean Seed just
announced a US $5M strategic license and investment agreement with US based
AMVAC Chemical Corporation (“AMVAC”), a subsidiary of American Vanguard
Corporation (NYSE: AVD). ( News from AVD)
Graeme
Lempriere, Chief Executive Officer and Chairman of Clean Seed states “Our
aligned objectives, to deliver sustainable meaningful results for the
agricultural sector through the precise application and control of inputs, are
rooted in the stewardship of our soil structure. AMVAC’s leadership in the
chemical business and Clean Seed’s cutting edge leadership in the multi product
delivery systems and related SMART Seeder™ and SMART Planter™ technologies
assures a mutually beneficial relationship that strengthens our collective
efforts and protects our product offerings. It has been a pleasure working with
this likeminded group. I am also delighted to welcome Dr. Ulrich (Bob) Trogele,
PhD to our Board of Directors and look forward to collaborating with him and
the AMVAC teams on multiple levels as we share in the drive for industry
leadership and innovation.”
From the news: Founded
in 1969, American Vanguard has five decades of sustainable, responsible growth.
AMVAC delivers unique solutions for the broad array of challenges to enhance
agricultural productivity and safeguard public health. AMVAC has earned a place
among the world’s top specialty chemical providers in the world, with
businesses in USA, Mexico, Central and Latin America, Europe, Brazil, Australia
and Canada.
AMVAC is also
recognized as an industry leader in closed delivery systems, like its SmartBox®
closed delivery application system, which serves to reduce risk of exposure to
users and applicators. Building on that expertise, AMVAC has developed a more
advanced system called SIMPAS™ (Smart Integrated Multiproduct
Prescriptive Application System). AMVAC’s
patented SIMPAS system enables simultaneous variable precision rate application
of multiple crop protection and nutritional inputs to maximize harvest yield,
minimize grower costs, optimize soil health and benefit environmental
sustainability. This precision application
of crop input segment runs parallel with Clean Seed’s patented development of
its ground-breaking highly advanced SMART seeding and SMART planting
technologies, creating a symbiotic opportunity for both parties.
As part
of this relationship Clean
Seed will license AMVAC certain intellectual property rights for a US$2,500,000
upfront fee and an ongoing royalty of certain delivery systems. Clean Seed will provide ongoing development
support as the parties may mutually agree to for future growth and
diversification opportunities.
AMVAC will also be
investing an additional US$2,500,000 through the purchase of 6,250,000 common
shares of the Company at a price of US$0.40 per share (the “Offering”),
bringing the total up-front investment to US$5,000,000.
Clean
Seed, bringing agtech to sustainable agriculture says on its website, “Today, everything has advanced, just look at
your new tablet, laptop and cellphone and it is clear, ‘things have changed.’
Clean Seed is at the forefront of the digital age of agriculture and is clearly
focused on facilitating progress for the farmer and global food production as a
whole.”
Nutrien
Ltd. (NYSE: NTR) (TSX: NTR.TO), the
world's largest provider of crop inputs and services, playing a critical role
in helping growers increase food production in a sustainable manner, is
optimistic about the coming season as other sectors face downsizing.
Nutrien
recently announced that it
continues to expect solid demand for crop inputs for the coming spring season
and that its facilities continue to operate given its business is deemed an
essential service by governments. Nutrien also announced that its annual
meeting of shareholders will be held on Wednesday, May 6, 2020 at 5:30 p.m. (Eastern
Time). This year, to proactively deal with the public health impact of
COVID-19, Nutrien will hold the meeting in a virtual only format via live
online webcast.
"Nutrien
continues to expect solid demand for crop inputs for the spring season, despite
some recent wet weather in the US, which has caused modest delays in field
activity in some regions of the country. Our business is deemed essential by
governments around the world, which underscores the criticality of the
agriculture sector. Our facilities have continued to operate, under enhanced
safety protocols, in order to ensure growers globally have the products and
solutions they need to maximize crop production. Nutrien has a strong balance
sheet, stable dividend and ample access to liquidity as we enter our peak
period of demand," commented Chuck Magro, Nutrien’s President and CEO.
Reflecting
the future of the sector was news of the
launch of The Defiance Next Gen Food and
Agriculture ETF (NYSE: DIET) late
last year.
From the news: The
DIET ETF provides exposure to companies that are focused on technologies like
alternative plant-based sources of meat, such as Beyond Meat (NASDAQ: BYND),
seed modification, sustainable farming and irrigation techniques.
“One of the most important challenges facing
the world right now is finding ways to massively increase global food supply in
a way that also manages environmental impacts and meets the needs of an
increasingly health-conscious consumer,” said Paul Dellaquila, President of
Defiance ETFs.
GreenBIZ
reported, “Amid
the white noise of COVID-19 pandemic coverage last week, news about the $80
million funding round for alternative protein company Nature’s Fynd offered a
bright beacon of positivity. While the financing revelation was delayed a week
because of the crisis, the sizeable round extends the steady growth of funding
for this particular niche of the overall agtech space.”
Agtech
and sustainable agriculture are the wave of the future and not only in the face
of the coronavirus pandemic but also as an ally in the fight against climate
change moving forward.
Research
more agriculture stocks at Investorideas.com stock directory
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