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VERDE ANNOUNCES CHAIRMAN, INDEPENDENT LEAD DIRECTOR AND COMPOSITION OF BOARD COMMITTEES
April 7, 2021 GMT
Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (”
Verde ” or the “
Company ”) is pleased to announce that Cristiano Veloso has been appointed Chairman of the Board of Directors (the “
Board ”) and that Michael St Aldwyn has been appointed Lead Independent Director of the Board.
Mr. Veloso, Verde’s Founder, President and Chief Executive Officer, will serve as the Chairman of the Board. The Board is composed of five independent directors and Mr. Veloso as sole executive director. The position of Chairman had been vacant since December 2013.
/EIN News/ (All figures are in Canadian dollars, unless stated otherwise.)
BELO HORIZONTE, Brazil, March 01, 2021 (GLOBE NEWSWIRE) Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (
Verde” or the “
Q4 2020”) and for the year ended December 31, 2020 (“
FY 2020”). Audited financial results for Q4 2020 and FY 2020 will be reported and filed on SEDAR on March 30, 2021.
In Q4 2020 the Company sold 56,585 tonnes of its multinutrient potassium fertilizer, marketed and sold in Brazil under the K Forte® brand and internationally as Super Greensand® (the “
Product”), an increase of 76% in comparison to the 32,221 tonnes sold in the fourth quarter of 2019 (“
Q4 2019”). For the full year 2020, the Company sold 243,707 tonnes of the Product, an increase of 103% in comparison to 119,809 tonnes for the year ended December 31, 20219 (“
By Roberta Paffaro, a Brazilian journalist, economist and specialist in agribusiness for CME Group in Brazil
Definitely 2020 was a challenging year in different parts of the world. We have faced a pandemic that no economist or market analyst could predict.
In Brazil, it wasn’t different. Our GDP may close the year in with red. We had millions of jobs lost, companies closed and declared bankruptcy and inflation is around 3.45% this year. The government is controlling the inflation through our interest rate that is 3% per year now. When Brazilian Central Bank reduces the interest rate, it is a trend that credit becomes cheaper, bringing incentives to production and consumption and stimulating economic activity.
united states trade representative in george w. bush s administration. now, senator rob portman is telling politico quote the administration has to be prepared to take off the tariffs in order to get a good agreement. the non-partisan congressional budget office now says that the trump tariffs have reduced economic growth and increased american consumer costs. the trump tariffs have hit the american agricultural sector hardest, the strongest area of support, and now corn growers are being hit hard again by the president s attempt to help another industry that usually supports republicans. the oil business, the associated press tells the story this way. the trigger wasn t trump s china tariffs but waivers the administration granted this month to 31 oil refineries so they don t have to blend ethanol into their gasoline, since roughly 40% of u.s. corn crop is turned into ethanol. it was a fresh blow to corn