Over the last year, Affinor has focused on strawberry development as fresh strawberries account for 80% of the total strawberry production in North America valued at $2.6 billion annually with several industry challenges making traditional strawberry growing an ongoing concern for long term viability. Affinor will continue to grow and harvest strawberries with beta prototypes installed at the University of Fraser Valley throughout the summer, fall and winter of 2018. The focus will continue on standardizing crop models and determining best practices for commercialization. Other achievements over the last fiscal year included testing cannabis on a small 4 level vertical growing tower to determine if the high value crop can be utilized with the technology, increasing yields and production per square foot, with initial success.
Affinor's goal over the next year is to shift from a development to an operational company focusing on generating revenue from vertical tower sales, license agreements and introducing new agriculture technologies. The company's revenue models will include selling systems to growers resulting in a margin on the equipment, license fees, and collecting royalties on the revenues from production; as well as potentially using the equipment themselves to grow and sell crops.
For more information:
Affinor Growers