10:06:32 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Affinor Growers Inc (2)
Symbol AFI
Shares Issued 36,626,026
Close 2025-07-02 C$ 0.045
Market Cap C$ 1,648,171
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Affinor Growers enters advisory deal with BlockLab

2025-07-03 18:15 ET - News Release

Subject: AFI New Release PDF Document

File: Attachment Affinor - BlockLab - News Release - July 3 2025 - Final.pdf

AFFINOR SIGNS STRATEGIC ADVISORY AGREEMENT WITH BLOCKLAB

VANCOUVER, British Columbia, July 3, 2025 (GLOBE NEWSWIRE) -- Affinor Growers Inc. ("Affinor" or the "Company") (CSE: AFI; OTCQB: RSSFF) is pleased to announce that it has entered into a strategic advisory agreement dated July 3, 2025 (the "Advisory Agreement") with Blockchain Labrador Corporation ("BlockLab"), who has developed an innovative system that not only produces digital currency but also provides an eco-friendly and cost effective heating solution for greenhouse operations.

As per the terms of the Advisory Agreement, BlockLab will work with Affinor to assist with the viability of installing its Hestia Bitcoin Mining Furnace technology at its Abbotsford strawberry production facility which will be powered by existing solar infrastructure and multiple Tesla power wall batteries. Affinor will repurpose the waste heat from the bitcoin mining process. Further to the terms of the Advisory Agreement, Affinor will grant BlockLab 300,000 stock options exercisable for a five-year term at an exercise price of $0.05 per common share.

Nick Brusatore, the Company's Chief Executive Officer, stated as follows; "We are very excited to explore this opportunity at our Abbotsford Greenhouse facility to showcase the synergy between cryptocurrency mining and indoor agriculture, further demonstrating how two unrelated industries can collaborate to maximize resources and reduce environmental impact."

About BlockLab

BlockLAB is a vertically integrated digital infrastructure company headquartered in Labrador, Canada, specializing in the convergence of Bitcoin mining, renewable energy, and industrial heat recovery. Their patented furnace technology captures and repurposes the thermal output from high powered computing (HPC) hardware, enabling a new category of sustainable heating solutions for commercial and industrial applications. Backed by a multidisciplinary team with expertise in energy & electrical systems, data centre infrastructure, telecommunications, and northern logistics, BlockLAB is uniquely positioned to capitalize on long-term trends in decentralization, carbon-conscious development, and energy reuse. With key partnerships across the public and private sectors--including Indigenous-owned telecommunications and international datacenter partners--BlockLAB is building scalable, resilient infrastructure for the future of computing and clean energy.

BlockLAB's pioneering model represents a paradigm shift in both the cryptocurrency and agriculture sectors. By repurposing the waste heat from Bitcoin mining, greenhouse operators can significantly reduce their energy costs while minimizing their carbon footprint. BlockLab is committed to building data infrastructure that is not only more efficient and cost-effective than anything currently on the market but also ranks among the most environmentally friendly data center operations in the world. Grant of Stock Options

Pursuant to the Company's stock option plan, the Company has also granted an aggregate of 100,000 stock options (the "Options") to a business Consultant of the Company at an exercise price of $0.05 per common share exercisable for a five-year term expiring July 3, 2030. The Options vest as of the date of the grant. The Options and any common shares issued upon exercise will be subject to a four month and a day resale restriction from the date of grant.

About Affinor

Affinor is a publicly traded company listed on the CSE under the symbol "AFI" and on the OTCQB under the symbol "RSSFF". Affinor is well-regarded for its innovative approach to agriculture and focused on developing vertical farming technologies and systems by using those technologies to grow fruits and vegetables in a sustainable manner.

To learn more about Affinor, visit: www.affinorgrowers.com

On behalf of the Board of Directors, Affinor Growers Inc.

Nick Brusatore Director /CEO

604-356-0411 nick@affinorgrowers.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward- looking statements in this news release includes statements related to the Agreement with FARMX. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward- looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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