Do not show this again

Check us out on Facebook, Twitter and YouTube, or subscribe below to get the latest industry and Clean Seed Capital news.

Form

Patented Technology

Protecting Your Investment

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.