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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES
CALGARY, Alberta, Feb. 08, 2022 (GLOBE NEWSWIRE) — Following recent announcements this year, EarthRenew updates stakeholders providing more context surrounding the increased output. In addition to the positive news, EarthRenew is keeping its promise to support a farm system focused on soil health. The company is delivering on this by:
- Posting positive results from a field trial we began last year to understand the impact of our products on potato crops.
- Outcomes of the trial included growing healthier potatoes at an equivalent marketable yield at a lower overall program cost than the standard synthetic program while improving the microbial diversity of the soil.
- A favorable revenue announcement assured the market that EarthRenew’s acquisition of Replenish Nutrients and its innovative suite of regenerative products was a success.
- With revenue of $15.1 M last year (on a proforma basis), EarthRenew is now focused solely on the growth of this business line, adding capacity exclusively to growing Replenish Nutrients’ products. Next year’s revenue expectations are expected to be in excess of $24M
- The first granules are coming off the production line at the updated and expanded Beiseker facility.
- With the completion of this commercial facility, the company can provide customers with granulated versions of the products they have come to rely on. In this form, the products are easier to transport and store and can be applied with traditional farm equipment.
- While Replenish Nutrients will continue to offer a blended version of the products, it’s the …
Full story available on Benzinga.com
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