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Clean Seed Capital Group (TSXV: CSX) Enters the United States Market Through New Strategic Alliance and Closure of Associated Investment

Posted on Feb 23, 2017 by Clean Seed Capital

February 23, 2017 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has entered into a distribution partnership agreement with Torgerson’s LLC (“Togerson’s”) to bring its CX-6 SMART Seeder™ technology to the United States through 1) an exclusive dealership arrangement for Montana and North West Dakota 2) the creation of a CX-6 SMART Seeder™ demonstration centre and 3) providing a base for further expansion into other key US markets.

Torgerson’s is a respected family owned and operated business first established in Ethridge, Montana in 1912. Torgerson's has grown into a 4th generation farm implement dealer with 8 locations throughout the farming belt of Montana. Montana annually plants 20 million acres of crop for commercial production across 28,000 farms. It ranks 1st in the US in dry peas and lentil production, 2nd in the production of barley, and third in wheat production.  The annual value of the major crops grown in Montana is $2.2 billion US.

The Company is working with Torgerson’s to finalize its distribution plans and to set-up a demonstration program planned for the fall of 2017 and beyond. As part of the dealership agreement, Torgerson’s will be purchasing CX-6 SMART Seeder™ units to be used for its customer demonstration programs. Torgerson’s operates a family farm that will host the Clean Seed demonstrations.

In parallel with entering into the agreement with Torgerson’s, the Company has closed a non-brokered private placement for 3,441,669 common shares (“Shares”) of the Company at a price of $0.30 per Share, for gross proceeds of CDN $1,032,500.70 (the "Offering") to facilitate its expansion plans into the United States and ongoing operations in Canada. Both Torgerson’s and the Company’s recent appointments are strategic participants in the associated investment. There were no finders’ fees associated with the private placement. All Shares to be issued pursuant to the Offering will be subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply under foreign securities laws.

Graeme Lempriere, CEO of Clean Seed, stated “I would like to welcome the Torgerson family to our growing roster of collaborative partners and investors. This 4th generation family-owned, Case IH farm equipment dealer is a strategic entry point into the United States for our organization. The Torgerson’s family values and ethical footing have cemented them as a respected leading dealer network in the region. Their commitment to our program for the CX-6 SMART Seeder™, in both financial and operational aspects, is greatly valued and synergistically dovetails with our Canadian distribution partner, Rocky Mountain Equipment.

As the world’s attention becomes ever more focused on feeding a growing population, enormous amounts of investment are flowing into agriculture, propelling a technological evolution. Clean Seed takes enormous pride in playing a historic catalytic role.

We predicted that one of the powerful keys necessary to unlock significant progress in precision agriculture would be absolute, precision driven seeding technologies that plant inputs accurately to the square foot. We accomplished just that by designing, patenting and developing the award winning CX-6 SMART Seeder™, the world’s most advanced seeding technology. The evolution of this technology has been made possible by attracting industry experts and collaborative partners. We look forward to working with our latest partner, Torgerson’s, to advance our technology awareness initiatives and to launch our equipment in the USA!”

Brion Torgerson, CEO of Torgerson’s, stated “We are excited to partner with Clean Seed! Clean Seed's technologies are the future of farming and is a great partner for our company in driving innovation in crop production.  Since 1912 we have been committed to bringing the best technologies to our customers and incorporating those technologies into their practice.  With the addition of the CX-6 SMART Seeder, the future of farming will be at Torgerson’s!”

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX". Clean Seed is at the forefront of an agricultural shift to unparalleled high definition seeding technologies.

Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder™, which is an industry first!

The ground-breaking CX-6 SMART Seeder™ creates a new niche within the large-scale farm equipment market.

For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com

ON BEHALF OF THE BOARD

“Graeme Lempriere”

President, CEO

Clean Seed makes significant appointments

Posted on Feb 22, 2017 by Clean Seed Capital


Sid Rajeev, B.Tech, MBA, CFA
Head of Research


Clean Seed makes significant appointments

Clean Seed Capital Group Ltd. (TSXV: CSX) made significant additions to its management team, and advisory board, since the beginning of the year. We believe these appointments give a signal to the market that the company is gearing up for a strong 2017. Brief biographies of the new members follow:

Colin Rush, Chief Operating Officer
Colin is a senior operations leader with nearly 20 years’ experience in the North American agricultural equipment industry. Colin has held senior positions with John Deere, Case IH and JCB Canada. Colin had joined Clean Seed as an independent director in 2014. Colin played an instrumental role in securing the Rocky Mountain Equipment distribution network partnership. Colin holds a Bachelor of Science in Mechanized Agriculture from the University of Saskatchewan and a Master of Business Administration in Agricultural Economics from the University of Guelph.

William Edward Mufford, P.Eng., Chief Technology Officer
For more than 20 years Ed has built, expanded, developed and led high tech engineering teams
from early stage research and development into large scale commercial production. Ed has held leadership roles with Ballard Power Systems, General Hydrogen, & Plug Power Canada. Ed and with a Master of Science in Electrical Engineering in 1992.

Gary Anderson, Advisory Board Member
Mr. Anderson co-founded AG Growth International Inc. (AGI) in 1996 and served as its CEO from 2010 to January 2016. From its inception on the Alberta Stock Exchange to its present form as a TSX listed company with an enterprise value of $1.1 billion, Mr. Anderson was a driving force behind AGI’s strategic direction, the acquisition and integration of fifteen business units, the development of AGI’s people and its ongoing operational performance and improvements. AGI has production facilities across Canada, Midwest United States, United Kingdom, Italy and Brazil.

Clean Seed has developed a group of patented and patent pending smart seeding and planting technologies that, we believe, has the potential to revolutionize how farmers conduct seeding and planting operations globally. The company commercialized its flagship product last year – a 60 feet wide wireless seeding machine, named the CX-6 Smart Seeder.



Initial sales totaled $1.05 million. We estimate that a 10% market share in the seeding belt of the U.S. and Canada alone reflects potential for annual revenues of $180 million from the CX-6 Smart Seeder product line.
 
CSX has a distribution agreement with Rocky Mountain Dealerships Inc., one of the leading agriculture and construction equipment dealerships in the country. Management intends to negotiate distribution agreements with other dealers to expand its distribution in to the U.S. and the rest of Canada this year.
The company also has a manufacturing agreement with WS Steel Ltd; a Manitoba based Tier 1 original equipment manufacturer (OEM) for a wide range of industries with a special focus on the agricultural industry.

We believe Clean Seed’s technology will be highly attractive for the majors once sales ramp up and the market gets to see users’ feedback on the CX-6 Smart Seeder. Clean Seed management’s strategy is to potentially license one or more of its technologies to the majors, such as Deere & Company (NYSE: DE), Case IH (NYSE: CNHI), Bourgault Industries, etc. A licensing deal will take the company’s IP to the global stage and allow for rapid expansion.
 
CSX’s CEO, Graeme Lempriere has invested approximately $3 million in the company since inception. Management and board own 27% of the total outstanding shares of CSX. Prairie based farmers own another 40% of the shares, which we believe shows their vote of confidence on the company’s technology. We have a BUY rating and a fair value estimate of $1.90 per share on CSX.

We believe any of the following potential catalysts in the next 12 months will have a positive impact on the share price.  

  • Demonstrations of the CX-6 across the Canadian prairies to ramp up sales;
  • New distribution partners in the U.S.
  • Develop smart planting technologies aimed at the global planter market
  • Potential licensing or M&A activity

About Clean Seed:

We have developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems.

Our most advanced and innovative technology is the CX-6 SMART Seeder™, a true industry first. The CX-6 SMART Seeder™ is the next generation of seeding technology that creates a new niche within the large-scale farm markets, and as the creators of this technology, we are uniquely positioned to dominate this new market niche.

 

To take advantage of coming agriculture 'revolution' Canada needs investment, says expert

Posted on Feb 21, 2017 by Clean Seed Capital

In a recent article published on Feb 18, 2017 by CBC News, author Catharine Tunney summarizes through interviews and fact collection the movement of agricultural innovation, the demand for technology and the need for investment; both governmental and commercial to take advantage of the opportunity to expand Canada’s agricultural contribution and overall GDP.

 


Clean Seed Capital Group and its Agricultural Technologies division is at the forefront of this moment. Through private and commercial investment and significant support and contributions from the Government of Canada, we have been working tirelessly to bring awarding winning technological innovations to the agricultural marketplace.

Along with our technological achievements we are continuing to pursue our aggressive agenda as pioneers in facilitating sustainable agriculture that will inevitably play a pivotal role in confronting the demands of both the marketplace and global food production as a whole.


Evan Fraser, head of the University of Guelph's Food Institute, tells CBC The House host Chris Hall, right, that Canada is poised to become a leader in the agri-food sector. (CBC)


Evan Fraser, Head of the University of Guelph's Food Institute was quoted: "We have to imagine a tractor driving through a field and the tractor itself senses where it is on the field and plants the right seed at the right time and gives it the right amount of fertilizer."

"We can create a Silicon Valley type vibe for food in our country where we can hopefully benefit in terms of innovation, jobs and hopefully sustainability," he said


Silicon Valley meets farming in the creation of the Clean Seed SMART Seeder™ (Clean Seed Photo) (CBC)


As of now there is no need to imagine, Clean Seed has successfully merged Silicon Valley with farming and while doing so accomplished the single largest technological leap for modern agricultural innovation in history with the creation of the award winning CX-6 SMART Seeder™

Our SMART Seeder™ demonstrates the future of farming by offering farmers the ability to deliver up to 6 different products, simultaneously across the entire seed drill with pin point accuracy to any square foot of any field. The SMART Seeder™ and our SeedSync™ software also allows for the flawless integration of soil maps and accurate variable rate product delivery unleashing the true power of agronomy and performing exactly as Mr. Fraser states.

SeedSync™ allows for the flawless integration of soil maps for HD Prescriptions Unleash the power of agronomy™ (CBC)


The future is clear. The worlds agricultural lands are becoming smaller and more of a challenge to produce on, while the worlds population and demands for global food production are increasing at an exponential rate. Clean Seed a proudly Canadian company is poised as an industry leader with the ability to assist in maximizing the results of sustainable agricultural practices through the implementation of technology and education in Canada and the world as a whole.

Gary Anderson, co-founder of AG Growth International Inc., joins the Clean Seed Capital Team

Posted on Feb 7, 2017 by Clean Seed Capital

Vancouver, British Columbia - February 7, 2017 - Clean Seed Capital Group Ltd. (the “Company”) (TSXV: CSX) announces the appointment of Mr. Gary Anderson, co-founder of AG Growth International Inc. (AGI), to its advisory board.

Mr. Anderson co-founded AGI in 1996 and served as its CEO from 2010 to January 2016. From its inception on the Alberta Stock Exchange to its present form as a TSX listed company with an enterprise value of $1.1 billion, Mr. Anderson was a driving force behind AGI’s strategic direction, the acquisition and integration of fifteen business units, the development of AGI’s people and its ongoing operational performance and improvements. AGI has production facilities across Canada, Midwest United States, United Kingdom, Italy and Brazil. The company’s brands are amongst the most recognized in global agriculture in both the commercial and farm sectors. Mr. Anderson continues to serve AGI as a member of its board of directors.

Graeme Lempriere - CEO - stated “it is a pleasure to welcome Gary to our team. His valued history, business network and experience will be an important asset to our organization as we rapidly grow our business at home and abroad. I very much look forward to working together.”

 

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX". Clean Seed is at the forefront of an agricultural shift to unparalleled high definition seeding technologies.

Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder™, which is an industry first!

The ground-breaking CX-6 SMART Seeder™ creates a new niche within the large-scale farm equipment market.

For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com

Clean Seed to present at University of Lethbridge on Feb 9th & 10th 2017 for the second annual Agility Innovation Summit.

Posted on Feb 6, 2017 by Clean Seed Capital



Food is the next big frontier, fertile ground for disruption and innovation in technology, business and social enterprise.

On February 9 and 10, 2017, AGILITY at the University of Lethbridge will host the second annual AGILITY Innovation Summit, featuring keynotes, panels, workshops with some of North America’s most renowned leaders in agriculture, agri-food, technology and finance. 

At this two-day innovation summit, you will learn key lessons and strategies from a range of key influencers and practitioners. On Day One, you’ll hear from industry leaders like Mark Thompson (Agrium), Tom Burke (Canaccord Genuity), Colin Rush, (Clean Seed Agricultural Technologies) and others on key topics, including:
 

  • How drones, food computers, and satellite controlled machinery are changing the way we produce the things we eat;
  • How big data and other technologies are making healthier food using less space, water, and energy;
  • The highest growth sectors and prospects for 21st century careers and jobs;
  • Which companies will have the greatest potential investor returns in the next decade.


Inspiration is only the first step towards making a difference. The AGILITY Innovation Summit will bring students in contact with CEOs, entrepreneurs, and high-level executives through the Investing in AgriFood Competition and on-site facility tours. Together, students will experience new processes to dig deeper into the agriculture and discover the next big thing in food.

The AGILITY Innovation Summit is open to students, food experts and producers, business leaders, influencers and faculty and is the only event of its kind in western Canada.