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Deveron Corp. (TSXV: FARM) (
Deveron or the
Company ), a leading agriculture digital services and insights provider in North America, is pleased to announce that further to its press release of February 22, 2021, it has acquired FD Agro Technologies LLC (
Farm Dog ), an award-winning agriculture data platform company that helps farmers, agronomists and agribusinesses record, organize and leverage on-farm information to make better decisions (the
Transaction ). As consideration for the Transaction, the Company will issue an aggregate of 294,118 common shares in the capital of the Company (the
Common Shares ) at a price of $0.64 per Common Share over a period of two years and a cash payment of US$100,000. All securities issued pursuant to the Transaction will be subject to a statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws.