Verde Agritech releases new Super Greensand products
2018-05-28 07:38 ET - News Release
Mr. Cristiano Veloso reports
VERDE ANNOUNCES NEW PRODUCT: SUPER GREENSAND GRANULAR
Verde Agritech PLC has released a broader line of Super Greensand products and made the first sales of its new Super Greensand Granular to its U.S. distributor. The first shipment occurred in May, 2018.
Super Greensand Granular is part of the Super Greensand matrix of products, composed of:
- Super Greensand Micronized: fine powder where 95 per cent of the particles will pass through a 200-mesh screen. Ideal for soil mixes, irrigation and hydroponic systems, soil mixes blending, home gardens, and potted plants;
- Super Greensand Powder: for longer-term results is suitable for agriculture and gardens, potting soils, soil mixes, and composting;
- Super Greensand Granular: granulated from powder, easier-to-handle nutrients are released according to the needs of the plants. Ideal for broadcast spreading, fertilizer blends and starter fertilizers.
On June 20, 2017, Verde appointed a leading North American distributor specialized in the markets for organic agriculture and cannabis to sell Super Greensand with exclusive rights over the Pacific Northwest region of the United States and non-exclusive distribution rights for the rest of the country.
Super Greensand Micronized has been supplied to distributor since 2017 and is also being sold on Amazon's on-line market where Verde expects to introduce the Powder and Granular products in the coming months.
Amazon's choice
Super Greensand Micronized has been awarded the label of Amazon's Choice, which means that Amazon independently recommends the product to the consumers of the marketplace. Amazon bestows the label on popular products and products that are highly rated. Super Greensand Micronized has been available for less than two months on Amazon's website.
"We are proud of being granted the Amazon's Choice label. Almost 50 per cent of Amazon inventory was sold in less than 60 days and a new shipment of Micronized will be sent by the end of June. We hope to soon increase supply of Super Greensand with the Granular and Powder versions," commented president and chief executive officer Cristiano Veloso.
Verde's prefeasibility study, announced in Nov. 27, 2017, covers only the potential Brazilian market when calculating a posttax net present value discounted at 8 per cent of $1.98-billion (U.S.) and internal rate of return of 290 per cent. The PFS does not take into account any existing or future international sales. |
