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HIGHLIGHTS: EarthRenew has negotiated an increase in its potential equity ownership interest in Replenish Nutrients from 38% to 100%. The proposed acquisition is expected to provide EarthRenew with top line revenue, an existing customer list and distribution channels to sell fertilizer and soil solutions in Western Canada and the U.S. Replenish Nutrient s senior management team s experience, technical expertise and existing relationships are expected to enhance EarthRenew s operational capacity.
TORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF) ( EarthRenew or the Company ) is pleased to announce that, further to its press release dated January 13, 2021 (EarthRenew to Acquire Stake in Replenish Nutrients LTD., A Leader in Crop Inputs and the Soil Solution Space ), the Company has negotiated an increase to its proposed equity ownership stake from 38% to 100% of the issued and outstanding shares (the Proposed Acquisition ) of Repleni