(TheNewswire)
March 24, 2021 - TheNewswire - Vancouver, BritishColumbia - Clean Seed Capital Group Ltd. (“ Clean Seed ” or the “ Company ”) (TSXV:CSX) announces the Company has entered into an agreement to lease a newcustom build facility in Saskatoon, Saskatchewan. This 16,000 squarefoot facility and its surrounding grounds will be the cornerstone forthe early commercialization plans of the SMART Seeder MAX/MAX-S™.Centrally located in Western Canada, this flagship facility will behome to the assembly of the SMART Seeder MAX-S™ and relatedelectronics systems, sales and customer experience infrastructure,dealer support and related research and development activities. CleanSeed will be hiring new skilled workers during the next twelve monthsfor this facility to scale to customer demand for the new SMART SeederMAX/MAX-S™.
Related to initiating operations in Saskatchewan, CleanSeed:
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- has become a member of the Saskatchewan Trade andExport Partnership (STEP). STEP champions Saskatchewan’s exportindustry and assists provincial businesses in realizing globalmarketing opportunities. STEP offers its members a variety ofservices and programs that can help diversify customer bases and growbusiness around the globe.
- will have the ability to initiate its benefit underthe Saskatchewan Commercial Innovation Incentive (SCII) program. Clean Seed was the first Company approved for the patent box SCIIprogram as approved by the Saskatchewan Ministry of the Economy. Theincentive will allow the Company to reduce its provincial income taxrate from 12% to 6% per cent for 15 years commencing anytime at theCompany’s discretion.
Graeme Lempriere, Chief Executive Officer, states “Welook forward to setting up operations in the heart of the Canadianprairies, providing a central location for our operations team on theground. This latest milestone further demonstrates our unwaveringcommitment to the launch of our award-winning smart seeding andplanting technologies and is representative of a dynamic and highlyproductive time for our organization.”
ON BEHALF OF THE BOARD
“Graeme Lempriere”
Chairman and CEO
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on theTSX Venture Exchange and trade under the symbol "CSX".
We are a team of innovators and business management professionals witha proven track record of game changing innovation and production ofpatented agricultural technologies at an incredibly high level. Wepride ourselves as progress facilitators that turn solutions formodern agricultural problem into commercially viable products tofulfill new demand.
Clean Seed’s SMART Seeder™ technologies are revolutionary seedingtools that utilize the unique synergy of sophisticated electronicmetering and intuitive software control putting row-by-row variablerate technology at the forefront of agricultural innovation. Ourinnovations create a new class of highly accurate seeding equipmentdesigned specifically for today’s farmer.
For further information please contact Clean Seed at 604-566-9895 andvisit our website at http://www.cleanseedcapital.com.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release .
This press release is not an offer or a solicitation ofan offer of securities for sale in the United States. The commonshares of Clean Seed Capital Group Ltd. have not been and will not beregistered under the U.S. Securities Act of 1933, as amended, and maynot be offered or sold in the United States absent registration or anapplicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION:
This news release includes certain “forward-lookingstatements” as defined under applicable Canadian securitieslegislation. All information and statements contained herein that arenot clearly historical in nature constitute forward-lookinginformation, and the words “anticipate”, “believe”,“continue”, “could”, “expects”, “intend”, “plans”,“will” or similar expressions suggesting future conditions orevents or the negative of these terms are generally intended toidentify forward-looking information. Forward-looking statements arenecessarily based upon a number of estimates and assumptions that,while considered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may cause the actual resultsand future events to differ materially from those expressed or impliedby such forward-looking statements. There can be no assurance thatsuch statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. The forward-looking information contained herein isexpressly qualified in its entirety by this cautionary statement.Clean Seed disclaims any intention or obligation to update or reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required by law.
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