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

Posted Mar 13, 2017 in Blog & Industry News

CURRENT PRICE

FEATURED NEWS

Clean Seed takes Occupancy of New Facilities in Saskatoon...
Read More

Subscribe

Subscribe below to get the latest
industry and Clean Seed Capital news.


Sign Up

CURRENT PRICE

FEATURED NEWS

Clean Seed takes Occupancy of New Facilities in Saskatoon...

Subscribe

Get the latest industry
and Clean Seed Capital news.

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.

STAY UP TO DATE WITHTHE LATEST NEWS


Clean Seed's MAX Seeder Like a Multi-Tool for Agronomy

Jan 20, 2022 - Real Agrictulture

Clean Seed takes Occupancy of New Facilities in Saskatoon

Dec 16, 2021

Earth on the Edge - A Clean Seed Documentary

Dec 2, 2021 - Clean Seed Capital

Clean Seed Releases Agricultural Documentary “Earth on the Edge”

Dec 2, 2021

Clean Seed Commences Trading on the US Venture Market

Nov 23, 2021

Clean Seed Capital Closes Interim Financing

Nov 18, 2021

Clean Seed Capital poised to step out internationally with its agricultural technology, says boss

Nov 4, 2021 - Proactive

Government announces Clean Seed and SMART Seeder MAX™ as part of a $10B project value add in Throne Speech at the Legislature

Oct 28, 2021

Clean Seen Capital Group CEO releases Letter to shareholders

Oct 22, 2021 - Proactive

Clean Seed Capital CEO Corporate Update

Oct 13, 2021

Deerland Equipment takes on SMART Seeder™ MAX Distribution

Sep 15, 2021

Clean Seed Featured in AMC’s Implement Success Magazine - The Game Changers - Driving Innovation in Ag

Sep 13, 2021 - AMC Success