Verde Agritech Ltd. revised earnings guidance for the full year 2022. For the year, the company revised EPS of CAD 0.87, revenue of CAD 109,097,000 and sales target of 1,000,000 tonnes compared to previous guidance of EPS of CAD 0.50, revenue of CAD 72,263,000 and sales target of 700,000 tonnes.

For the third quarter, the company expects EPS of CAD 0.35, revenue of CAD 40,121,000 and sales target of 353,718 tonnes compared to previous guidance of EPS of CAD 0.25, revenue of CAD 27,228,000 and sales target of 250,000 tonnes.

For the fourth quarter, the company expects EPS of CAD 0.25, revenue of CAD 34,769,000 and sales target of 334,615 tonnes compared to previous guidance of EPS of CAD 0.06, revenue of CAD 13,011,000 and sales target of 135,000 tonnes.