March 24, 2021 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) announces the Company has entered into an agreement to lease a new custom build facility in Saskatoon, Saskatchewan. This 16,000 square foot facility and its surrounding grounds will be the cornerstone for the early commercialization plans of the SMART Seeder MAX/MAX-S™. Centrally located in Western Canada, this flagship facility will be home to the assembly of the SMART Seeder MAX-S™ and related electronics systems, sales and customer experience infrastructure, dealer support and related research and development activities. Clean Seed will be hiring new skilled workers during the next twelve months for this facility to scale to customer demand for the new SMART Seeder MAX/MAX-S™.
Related to initiating operations in Saskatchewan, Clean Seed:
- has become a member of the Saskatchewan Trade and Export Partnership (STEP). STEP champions Saskatchewan’s export industry and assists provincial businesses in realizing global marketing opportunities. STEP offers its members a variety of services and programs that can help diversify customer bases and grow business around the globe.
- will have the ability to initiate its benefit under the Saskatchewan Commercial Innovation Incentive (SCII) program. Clean Seed was the first Company approved for the patent box SCII program as approved by the Saskatchewan Ministry of the Economy. The incentive will allow the Company to reduce its provincial income tax rate from 12% to 6% per cent for 15 years commencing anytime at the Company’s discretion.
Graeme Lempriere, Chief Executive Officer, states “We look forward to setting up operations in the heart of the Canadian prairies, providing a central location for our operations team on the ground. This latest milestone further demonstrates our unwavering commitment to the launch of our award-winning smart seeding and planting technologies and is representative of a dynamic and highly productive time for our organization.”
ON BEHALF OF THE BOARD
Chairman and CEO
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".
We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that turn solutions for modern agricultural problem into commercially viable products to fulfill new demand.
Clean Seed’s SMART Seeder™ technologies are revolutionary seeding tools that utilize the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.
For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words “anticipate”, “believe”, “continue”, “could”, “expects”, “intend”, “plans”, “will” or similar expressions suggesting future conditions or events or the negative of these terms are generally intended to identify forward-looking information. Forward-looking statements are necessarily 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 results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.