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Clean Seed (TSXV: CSX) Awards CropPro Consulting with CX-6 Smart Seeder™ Independent Validation Contract to Confirm Agronomic and Technical Value Features

Posted on Apr 20, 2017 by Clean Seed Capital

April 20, 2017 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has engaged CropPro Consulting to perform independent technical and agronomic validations of the CX-6 SMART Seeder™. CropPro’s customized validation protocols have been designed specifically to provide prospective customers of the CX-6 SMART Seeder™ confirmation of its unique features and advantages along with verification that it generates incremental value as an air seeder alternative.    

CropPro Consulting is a pioneer of independent crop consulting services in Saskatchewan. They are deeply rooted in soil mapping and variable rate farming processes through the development of their own proprietary soil mapping systems to meet the agronomic needs of Saskatchewan farms. 

The CropPro Consulting technical and validation reports will be conducted based on the planting and crop results generated on the Company’s demonstration farm in Saskatchewan using the CX-6 SMART Seeder™.  The validation reports will be completed this summer. 

Graeme Lempriere states “As one of the pioneers of independent Crop Management Services and on-farm research consulting in Saskatchewan we settled on CropPro as our independent validation provider due to their strong commitment to advice without bias and their solid reputation as leaders in their technical field. Crop Pro will also be assessing the progress of our demonstration program with Rocky Mountain Equipment which is starting this week.”  

Cory Willness states “The Clean Seed team has developed a collection of firsts. These firsts in technology will enable firsts in agronomy. The validation protocols being done on the demonstration farm will focus on many firsts, including six product variable-rate fertilizing, seeding and intercropping to 12 inch resolution. The CropPro team is constantly working to bring new technology and agronomy to our farm clients and we view this independent evaluation as an extension of that. We are honoured to be selected to conduct this independent review.”

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 standard 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 Capital (TSXV: CSX) Files Worldwide Patent Application Expanding IP Portfolio

Posted on Apr 11, 2017 by Clean Seed Capital

April 11, 2017 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has submitted an additional worldwide patent application under the Patent Cooperation Treaty (PCT).  This new patent application contains several new proprietary technologies developed by our research and development team to continue the rapid expansion and advancement of our technology portfolio. Once successful, the granted patents will further broaden the protection of the Company’s diverse technologies, while also extending the life of the patent protection for its existing SMART Seeder™ and SMART Planter™ technologies by three years. All activities related to the PCT are coordinated by the World Intellectual Property Organization.
 
Graeme Lempriere, Chief Executive Officer of Clean Seed, states “Filing an international application under the PCT has the same effect as filing a national patent application in each member country where an applicant desires patent protection. Our original Smart Seeder patents are advancing to issuance without conflict and we are confident that this additional application will successfully broaden our protection and extend the patent life of our Smart Seeder. We remain committed to ongoing technology development to advance our Company’s technological advantages and to continue to position Clean Seed as leaders in the smart agriculture movement.”
 
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

RME's Ag Optimization Specialists successfully complete SMART Seeder™ calibration and operations training.

Posted on Apr 10, 2017 by Clean Seed Capital

RME's Ag Optimization Specialists successfully complete SMART Seeder™ calibration and operations training.



Over the course of the last week Rocky Mountain Equipment deployed teams of AG Optimization Specialists to 2 key dealerships in Western Canada.  These teams were deployed to attend Clean Seed's comprehensive SMART Seeder™ calibration and operations training sessions ahead of the SPRING 2017 Demo Programs.

Several members of our CX-6 SMART Seeder™ team were on site to walk the specialists through every aspect of the SMART Seeder™ and delve into the principals that lead to the creation of our game changing technologies.  Classes and Q&A Sessions were also held on how to unleash the full potential of the SMART Seeder™ with our proprietary software SeedSync™.  Whether the operator is running flat rate application or running HD prescription maps one thing is clear - the SMART Seeder™ is a game changer.

"Thank you to all the Rocky Mountain Equipment AOS teams who attended our SMART Seeder™ and SeedSync™ training sessions!  Your enthusiasm and overall passion for the modernization of agriculture parallels our own."



 

"You and you staff are extremely knowledgeable and the training you provided our group was second to none. The simulators and hands on approach of the training has prepared the guys well for the upcoming season.
 
As we head onto the spring demo season we are all very excited at showing off the penitential of the CX-6 in the field. The technology found in the CX-6 has changed the landscape in high definition variable rate seeding and we look forward being a part of that transformation."
 

Chad Moskal
Manager of AOS (Ag Optimization Specialists)
Rocky Mountain Equipment

Ag Funder News Article - How Clean Seed’s Wireless Smart Seeder is Set to Disrupt Agriculture

Posted on Mar 15, 2017 by Clean Seed Capital

 


 

CX-6 SMART Seeder™ during LIVE seeding demonstrations.

 

March 13, 2017 Louisa Burwood-Taylor

Heard of Clean Seed Capital Group? No? You will very soon because this Canadian company has been quietly developing seeding and planting technologies that are likely to revolutionize agriculture.

For the last 25 years, air seeders have dominated seeding equipment. They meter and propel seeds into the soil through an air stream, at the same time as fertilizers, and nitrogen. Pushing seeds through hundreds of feet of plastic tubes using air, enabled farmers to plant more seeds on more acres than before when box drills were the industry standard.

Air seeding technology brought new scale and efficiencies to farming when it was first introduced, but there are several drawbacks, according to Graeme Lempriere, CEO of Clean Seed.

“Air seeders are limited and challenged in how they micromanage inputs for farmers; there’s only so much you can do with air to control how and when you plant your inputs,” he said. “The main tanks containing the input products can be up to 100 feet of delivery length away from the in-ground opener, and you’re also blowing product down different lengths of lines. This means that some products can surge in the tubes but also, by the time the inputs get to the ground, there can be major inconsistencies. This delayed, inconsistent delivery isn’t ideal for variable rate applications or basic flat rate for that matter,” he said.

Step in the CX6 Smart Seeder, which is hoping to solve these issues and more with its wireless, software-controlled precision seeding technology.

Firstly, the Smart Seeder has a wirelessly-controlled, six-product metering system directly over every opener — where the product meets the soil, and the input is to be applied. The static central delivery system sends the seeds to pre-holding stations above each opener, and the seeder’s computer software platform SeedSync instructs the meters to release the inputs at specific times using wireless, industrial bluetooth technology. This makes the CX6 significantly more responsive than existing air seeders because the pre-holding stations are stocked and ready to go at any moment, reducing the potential for delayed, patchy delivery.

But perhaps even more revolutionary than the precision planting technology is the Smart Seeder’s ability to deliver up to six products independently, and at different rates, for every foot of the field. Generally, air seeders apply generic blends of fertilizer with the seeds and don’t have the capability to switch inputs quickly or efficiently, or even manage multiple inputs, due to logistical handling limitations, further reducing yield potential, said Lempriere.

“We don’t limit the capability of putting multiple products in the ground; we are really unleashing the power of agronomy by giving farmers the tool to be completely creative on what inputs they’re using in the field, instead of being limited by the equipment they’re using,” he added.

“We believe placing what you need, where you need it, without compromise is key. Imagine being in a greenhouse environment, for example; you would put exactly what nutrients you need and want directly into the individual plant pot assuring the best yield results. The CX6 does this on a massive scale meaning you’re not missing the nutrients you need at any time exactly in the desired spot, as it’s applying them foot-by-foot, plant-by-plant; I like to call it the world’s largest printer,” he added.

This also limits the over-application of inputs such as fertilizers, enabling farmers to save costs, but also helps them optimize their inputs for a higher return on investment, said Lempriere.

SeedSync correlates agronomic mapping data to apply seed and individual product blends at variable rates and these prescriptions can be uploaded into the CX6 beforehand, although operators can also change rates on the fly if needs be. 

Lempriere says the seeder’s ability to read and execute prescription maps is particularly important as data analytics and variable rate prescription technology get more advanced and higher resolution. Existing equipment can’t action these maps from precision ag startups such as Farmers Edge, FarmLogs and so on; they just don’t have the delivery capabilities, argues Lempriere.

“What good is detailed, high-resolution agronomic input data if you can’t execute that information and translate it into the ground,” said Lempriere.

Another disruptive part of the CX6 Smart Seeder is an innovative refilling technology. Currently, when seed and inputs run out in air seeders, the machine has to stop planting, and a truck comes out into the field and spends around an hour filling it up. Clean Seed has patented an on-the-fly refilling system similar to how military aircraft are refueled in the air. Smart Carts are pre-placed on the field, and when the farmer needs a refill, they take five mins to attach the system and can then continue seeding while the Smart Cart refills the main seeder on the “fly” while continuing the seeding operation. The average refill time is 20 minutes, according to Lempriere.

“We’re not just saving on downtime during the seeding operation, we’re also eliminating the need for more people and equipment in the field,” said Lempriere.

Clean Seed dates back to around 2005 when Lempriere bought the assets of his father’s agricultural research and development business. Graeme invested C$3 million and expanded the business to developing the next generation of seeding and planting technologies. During the development of the company and its technologies, he connected with a farmer in the Prairies called Colin Rosengren, a third-generation farmer who had major concerns about the current air seeders in the market and had big ideas on how to change it. Clean Seed and Rosengren teamed up with other farmers from the local community and financed the development plans for the CX6 Smart Seeder among them. 

Clean Seed listed on the Toronto Venture stock exchange (CSX) as a means to raise funding from a more diversified pool of investors like Rosengren and the farming community as a whole, after having challenges in the private equity markets post 2008. Clean Seed was awarded the Toronto Venture exchange’s top 50 company performers award in both 2014 and 2015. 

After several years of research and development, and patent security confirmation, Clean Seed unveiled the CX6 Smart Seeder at the 2013 Farm Progress Show, Canada’s largest agricultural equipment expo where it won the People’s Choice Award.

From there, it raised C$3.5 million more in funding for research and commercialization, including C$2 million from the Canadian Federal government. It also secured a manufacturing deal with WS Steel, and a distribution deal in Canada with Rocky Mountain Equipment, Canada’s largest dealer network. Rocky Mountain purchased two CX6 Smart Seeders and will embark on a prairies-wide training, education, and demonstration awareness program with Clean Seed in April.

More recently, Clean Seed entered into a distribution partnership with Torgerson’s to bring the seeder to Montana and North West Dakota in the US, including a CX6 demonstration center. The announcement of this partnership coincided with a further $1 million of investment from Torgerson and new additions to the management team. 

The new management additions include Colin Rush as chief operating officer. Rush was an independent director at Clean Seed from 2014, and has also held roles at John Deere, Case IH, and JCB Canada. William Edward Mufford, has become chief technology officer after time at Ballard Power Systems, General Hydrogen, and Plug Power. And Michael Eyres, and Gary Anderson have both joined as advisory board members. Eyres is a respected soil systems engineer from Australia, and Anderson cofounded AG Growth International, the grain handling company, serving as CEO until it listed on the TSX with an enterprise value of $1.1 billion in 2016.

Clean Seed Capital (TSXV: CSX) New Report Maintains Buy Rating - Investment from New U.S. Distributor / Targeting Australia

Posted on Mar 13, 2017 by Clean Seed Capital


Investment from New U.S. Distributor / Targeting Australia



Fundamental Research Corp - Report Highlights:
 

  • We maintain our BUY rating and fair value estimate of $1.90 per share.

 

  • Clean Seed Capital Group Ltd. (“company”, “CSX”) announced last month that it entered into a distribution agreement with a Montana, U.S. based distributor of agricultural equipment to demonstrate and market the company’s CX-6 SMART Seeder.

 

  • CSX and the U.S. distributor intend to finalize their distribution plans and set-up a demonstration program in the fall.

 

  • In our initiating report in November 2016, we had mentioned that a distribution arrangement in the U.S. would be one of the key catalysts for CSX’s shares in 2017. Shares are up 26% since we initiated coverage.

 

  • Made significant additions to its management team and advisory board since the beginning of the year, providing a strong signal to the market that management is gearing up for a strong 2017.

 

  • Announced the closing of a $1.03 million financing by issuing 3.44 million shares at $0.30 per share. The new distributor and advisory board members were key subscribers.

 

  • We believe Clean Seed’s technology will be highly attractive for M&A opportunities once sales ramp up and the market gets to see users’ feedback on the CX-6 Smart Seeder.

*see back of report for rating and risk definitions


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.

Clean Seed's very own Colin Rosengren was recently interviewed by the Western Producer following the Saskatchewan Soil Conservation Association Conference in Saskatoon.

Posted on Mar 8, 2017 by Clean Seed Capital

Colin Rosengren along with three other farmers were brought together to discuss the use of unique techniques not normally seen in the industry.  Intercropping vs Monocropping was at the centre of the discussion focusing on significant yield increase, cost savings, soil protection, overall plant health and other strong agronomic benefits.

In the Western Producer Article Colin describes the Intercropping practices on his farm as being a huge success, in many cases netting yield increases of 25-30%.  

Rosengren also details his transition from older equipment into the CX-6 SMART Seeder™ which he was instrumental in developing and states in the interview “Doing variable rate intercrop where we are strategically putting things in other places, we are seeing close to 50 percent extra yield.”

"Rosengren has moved away from his original seeding rig and now uses the Clean Seed’s CX-6 Smart Seeder™ that he helped develop. It has capacity for up to six products with three possible in-row placement in one pass.

The seeder’s variable rate capability has allowed Rosengren to mimic another natural tendency of how plants grow, which is in different densities across the landscape."

Read the Article Below



Farmer extols virtues of intercropping


A canola, lentil and pea field generated a much larger margin than monocrop strategies for southeastern Saskatchewan producer Colin Rosengren. | Colin Rosengren photo

 

Posted Mar. 2nd, 2017 by Robin Booker

Colin Rosengren has experimented with intercropping at his Midale, Sask., farm since 2004, when Rosengren Farms began growing multiple cash crops together to boost overall productivity.

He said he’s often been asked why he would want to complicate his operation with intercropping, and in reply sometimes he turns the question around and asks growers why they want to grow only one crop at a time.  

He said growers didn’t move to monocropping “because it was better for soil, it wasn’t because it was more productive. It wasn’t any of those things if you look back in history. It was mainly mechanization that pushed people towards the simple systems.”

During his presentation at the Saskatchewan Soil Conservation  Association meeting during Crop Week held in Saskatoon, he said large-scale mechanization in agriculture has allowed growers to efficiently grow and harvest crops on a large scale, but farmers should still look to nature for agronomic guidance.

For instance, nature doesn’t have tillage so when Rosengren changed the operation to a zero tillage system, there were agronomic and financial benefits.

Similarly, there are no monocultures in nature.

“So moving into intercropping, growing multiple plants, multiple different crops on the same land just made sense to us.”

A major hurdle for growers interested in intercropping is the logistics during seeding, but it is possible to piece together a relatively low-cost seeding rig into a one pass-intercropping unit.

When Rosengren first started intercropping, he retrofitted two Flexi-Coil1720 tanks and a 5000 drill into a one-pass system that could handle the extra product runs for intercropping.

“With these machines we were intercropping, peas and mustard, peas and canola. Even doing two rows of flax, two rows of chickpeas, and in the next rows putting nitrogen with the flax, phosphorus with the chickpeas. Even treating the chickpeas on the go with a little seed treater,” Rosengren said.

He found harvesting the intercropped fields no more difficult than harvesting a single crop.

“In many cases, it actually made harvest a little easier. It makes lentils stand up better, stand taller, we can cut at higher speeds. Peas and canola we can straight cut them. We straight cut over half the time now, even using old, open-pollinated canola varieties,” he said.

Once the harvest is in, it’s best to clean the grain before it’s put into longer-term storage.

Rosengren Farms started with a simple drum cleaner, which it later upgraded to an overhead system that can clean grain as fast as two combines can take it off the field.

Rosengren said the economics of intercropping prompted him to increase his use of it and the soil benefits came as an extra bonus.

An intercrop that has worked out well for Rosengren is a canola, pea, and red lentil mixture.

He showed an economic comparison of returns from growing these three crops by themselves with the net returns of $49.96 per acre for canola (40 bushels per acre yield at $10 per bushel), $163.31 per acre for red lentils (23 bu. per acre yield at $19.20 per bushel), and $123.96 for maple peas (40 bu. per acre at $10 per bushel).

The average return for these individually grown canola, pea, and red lentil crops is $113 per acre.

Last year Rosengren’s pea, canola, red lentil crop had a gross return of $514.40, and a net return of $249.06 per acre, $136.06 per acre better than the average return of the crops grown individually.

“We grew all three together; we netted about $250 per acre instead of $113. Our costs were lower and our production was a fair bit higher,” he said.

One of the savings was on seed.

“We haven’t bought canola seed for years. We use the open-pollinated varieties. We don’t find any extra yield when we’re doing it in an intercrop. Any canola yield we give up is just made up by more growth of peas or more growth of lentils,” he said.

Rosengren has moved away from his original seeding rig and now uses the CleanSeed’s CX-6 Smart Seeder that he helped develop. It has capacity for up to six products with three possible in-row placement in one pass.

The seeder’s variable rate capability has allowed Rosengren to mimic another natural tendency of how plants grow, which is in different densities across the landscape.

During his presentation, Rosengren displayed a picture that showed how different species of plants dominated the top and sides of hills, while other plants were dominant in lower areas.  

“If you change the soil, the water, or the topography, the kinds of plants change and produce differently,” he said.

With variable rate intercropping, Rosengren is able to better match his field’s topography with a specific plant mixture.  

“On our farm nowadays with the canola-pea-lentil, we’re biasing the pea and lentil population into areas where they produce better. The lentils are growing better on the hill tops; the peas are growing better in the low spots,” he said.


Canola, peas and lentils make up the sample from the multi-species crop.
Colin Rosengren photo


Intercropping without variable rate has consistently yielded 25 to 30 percent more on Rosengren’s farm than monocropping, but he is seeing an even bigger yield spread since he started using variable seeding rates in the intercrop.

“Doing variable rate intercrop where we are strategically putting things in other places, we are seeing close to 50 percent extra yield.”

He said the grain is constantly changing how it looks when he is combining, depending on what part of the field he is on, with more canola in the sample, or peas or lentils.

He said harvest is simple and it’s easy to set the combine. As well, once the grain is separated in the yard his canola sample is very clean.

“Our canola sample is a lot cleaner than it was when we were doing monoculture, not that it matters if you have some chaff or straw in there. But it’s not hard to set the combine to handle these crops.”

Growing the three different crop species at the same time creates a canopy that efficiently uses light, which prevents weeds from germinating.

“We do still have herbicide application and that type of thing, but it’s greatly reduced. As well, our disease problems are greatly reduced because the species change as we grow. So we’ve been able to pretty much eliminate fungicide use.”

Rosengren Farms is now starting to use cattle in conjunction with intercropping to become more efficient.

“As we learn more on the soil health front, we are trying to extend growing seasons and incorporate more crops that are growing for longer periods of time, and incorporating some livestock,” he said.

Another intercrop he has been experimenting with is a corn-soybean mixture, in a system where he harvests some, and leaves the rest for cattle to graze.

“In June, when the corn was about 10 inches high, we went in and we broadcast turnips, vetch, rye and clover.”

He was disappointed with how the covers were taking hold in the middle of August and thought he may have wasted money on the seed and broadcasting. He couldn’t see anything germinating underneath the soybeans, and he thought the covers didn’t receive enough light and were choked out.

“Once the soybeans started dropping their leaves at the end of August, all these other crops began to take off. We had a pretty long fall, had some moisture and the turnips got pretty big and all the other crops were growing there nicely,” Rosengren said.

The covers provided high quality forage for his cattle in the fall and early winter. Once the snow became too high and the covers were inaccessible, the uncombined sections were still in the field with corn and soybeans for cattle to graze.  

“They are probably not getting down into the covers now, but it’s reassuring to hear today that there is probably value in having those covers there anyway, even if we are not getting grazing value out of them right now,” he said.

Combining the soybean and corn intercrop over top of the covers can be done without specialty equipment.

“The soybeans act like a broom and all the corn cobs that fall off just fall with the soybeans and they come in on the draper header, so we’re not losing any cobs,” he said.

Rosengren said intercropping isn’t more common on the Prairies because it requires a change in farming practice. As well, no companies are selling products that magically turn growers into intercroppers.  

“There is nobody promoting it because there is really just decreased costs and increased returns from it.”

By:  Robin Booker - March 2nd, 2017


WP: A close up look at the SMART Seeder™

Click Below

Posted Sept 1st 2016 - By Robin Booker - Western Producer

Clean Seed adds another talented member to its advisory team while exploring market opportunities in Australia.

Posted on Mar 6, 2017 by Clean Seed Capital


The liberalized nature of the Australian grains industry places it in a favorable position compared to many of its competitors due to significant investment in improving productivity and uptake of more efficient production techniques.

The deregulation of the industry in 2008 prompted a period of change, seeing many local players consolidating and bigger international companies entering the market. Clean Seed’s ongoing objective is to safeguard valued representation of our technology around the world as we continue to demonstrate and educate the farming community of the benefits of our award-winning technology. We believe in building awareness through active team member participation. 



Michael Eyres is a respected soil systems engineer who strongly believes in the principals of the CX-6 SMART Seeder™ and will be a respected advocate of its benefits to the Australian and North/South American agricultural community.

Originally from a dryland cropping family farming operation in Western Australia, Michael has spent the last 16 years working with Australian farmers specifically in strategic soil management for improvement of plant productivity.

As Clean Seed expands its narrative and demonstration programs around the world, Michael Eyres brings a significant network of farmers, agronomists and equipment dealers that will contribute momentum. 


"From being actively involved for many years in strategic soil management for precision agriculture, it is clear that the highly advanced sowing technologies offered by Clean Seed provide the soil to plant performance linkage we desperately need to progress agriculture to the next level. For Australian conditions in particular, the amazing technology behind the CX-6 Smart Seeder allows farmers to more effectively link soil fertility to moisture to management. I have no doubt that the Smart Seeder is in fact a game changer that will supercharge the way that sowing is done!" States Eyers.

 


 

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.