Highlights:
EarthRenew generated a total of$505,097 in revenue, with a 83% gross margin in Q1 2021- Settlement revenue is an estimated
$382,928 - Fortis Option M payments for January and
February 2021 totalled$122,169
For January to
CEO
New EPEA Approval for Power Production
About
EarthRenew’s mission is to support a farm system that puts healthy soils and grower profitability back on the table. We aim to be a driving part of the regenerative agriculture movement by offering fertilizer solutions that feed the soil to strengthen the earth’s ability to restore itself.
For further information, please visit our website at www.earthrenew.ca or contact:
CEO of
+1 (403) 860-8623
Email: keith.driver@earthrenew.ca
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to estimated revenues from Q1 2021 electricity sales, the business and operations of the Company, and the Company’s ability to execute its business plan, including its ability to enter into additional power agreements, earn future revenue from electricity production at the Strathmore Plant and build the Company’s regenerative crop input business. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and other risks of the energy and fertilizer industries. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Source:
2021 GlobeNewswire, Inc., source