FUNDAMENTAL RESEARCH REPORT -  Clean Seed Capital Group (TSX.V: CSX) New Report Maintains Buy Rating and Increases Fair Value

Posted Mar 13, 2018 in Blog & Industry News

CURRENT PRICE

FEATURED NEWS

Clean Seed Hosts the Consul General of India...
Read More

Subscribe

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


Sign Up

CURRENT PRICE

FEATURED NEWS

Clean Seed Hosts the Consul General of India...

Subscribe

Get the latest industry
and Clean Seed Capital news.

New Purchase Order for
CX-6 SMART Seeders and Other Major Developments

Fundamental Research Corp - Report Highlights:

  • We are raising our fair value estimate from $1.90 to $2.47 per share.

 

  • Clean Seed Capital Group Ltd. (“company”, “Clean Seed”) announced last month that it received a Notice of Allowance from the U.S. Patent and Trademark office for its SMART Seeder™ Intellectual Property. We consider this a significant development for the company as it not only provides patent protection, but also allows the company to target the U.S. planter and seeder markets.

 

  • The company also secured a purchase order with Rocky Mountain Equipment (TSX: RME) with a retail value of $9 million. We expect the company to deliver up to 14 seeder units over FY2018 and FY2019.

 

  • Clean Seed has received working capital financing from Farm Credit Canada (“FCC”) for the current production of CX-6 SMART Seeders. Borrowings will be repayable via sales of Seeders.

 

  • Clean Seed became the first company enrolled into the Saskatchewan Commercial Innovation Initiative Program, which reduces the company’s provincial tax rate from 12% to 6% for 15 years, commencing at the company’s choosing.

 

  • Clean Seed’s shares are up 40% since we initiated coverage in November 2016.

 

  • see back of report for rating and risk definitions

___________________________________________________________________________________________________

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 quickly turn viable concepts and ideas into commercially viable products that can fulfill demand.

The CX-6 SMART Seeder™ is commercially available at over 30 leading agricultural equipment outlets in Western Canada and United States and we are proudly delivering SMART Seeder™ technology into the hands of large scale farming operations.

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

STAY UP TO DATE WITHTHE LATEST NEWS


Clean Seed Hosts the Consul General of India

Jun 21, 2022

SMART Seeder MAX™ Demo Event Deemed a Huge Success

Jun 8, 2022

SMART Seeder MAX™ Live Demonstration and Technology Event Commences JUNE 6th 2022 In Saskatchewan

Jun 2, 2022

Canada West Harvest Centre Captures Customer Excitement and Places Initial Orders for SMART Seeder MAX™ Units

May 26, 2022

Clean Seed Capital Group discusses momentum and lays out SMART Seeder MAX commercialization plans

May 9, 2022 - Proactive

Clean Seed Activities Update

May 5, 2022

Clean Seed Expands SMART Seeder MAX™ Dealer Network with Canada West Harvest Centre Taking on Saskatchewan Distribution

Mar 31, 2022

Clean Seed Appoints Colin Rush, Former Senior Director of Specialty Business, North America for CASE IH (CNHi), as President

Mar 7, 2022

Clean Seed Develops the Mini-MAX to Introduce its SMART Seeder Technology to Developing Countries

Jan 31, 2022

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