18:00:33 EDT Sat 18 May 2024
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Argo Living Soils Corp
Symbol ARGO
Shares Issued 21,376,301
Close 2023-08-10 C$ 0.11
Market Cap C$ 2,351,393
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Argo Living signs JV deal with Pacific Composting

2023-08-16 10:15 ET - News Release

Mr. Peter Hoyle reports

ARGO LIVING SOILS CORP. SIGNS JOINT VENTURE WITH PACIFIC COMPOSTING INC.

Argo Living Soils Corp. has negotiated a non-binding joint venture with Pacific Composting Inc.

The joint venture will see a collaboration between Argo and Pacific Composting, integrating Argo's worm casting operations into Pacific Composting's existing operation, creating specialty products such as worm castings that can be further used by Pacific Composting in its product lines.

Additionally, the joint venture will see Argo relocate its existing worm casting and composting operations, including state-of-the-art bioreactors currently located on Galiano Island in British Columbia, to Pacific Composting's existing operations in Duncan, B.C.

The joint venture establishes several fundamental advantages, including increasing operational efficiencies, and a sharing of expertise and proprietary information. The objective being to establish an industry leader marketing organic soil, initially to the British Columbia market, with plans to expand across Canada and internationally.

The companies will combine their respective expertise, with Andrea Blum overseeing operations, Ken Bowman, Argo's director, assisting marketing, operations and technical support, and Robert Intile, Argo's director, focusing on market support.

Peter Hoyle, Argo's interim chief executive officer, states: "This is a very exciting step, which will improve the commercial viability of Argo's business. As a leading soil composting operation, we are excited to champion the importance and timeliness of composting and organic soils in shaping a healthier planet for current and future generations. In an era where sustainability is a critical necessity, composting and organic soils stand as fundamental pieces. This composting operation remains dedicated to harnessing the transformative power of composting and organic soils to create a greener, more vibrant planet for all."

About Pacific Composting Inc.

Pacific Composting, with operations in Duncan, B.C., was established in November, 2021, by Ms. Blum, a trained vermiculturist specializing in vermicomposting. Pacific Composting produces and markets a variety of composts, composting worms, systems and supplies.

About Argo Living Soils Corp.

The company specializes in producing and developing organic products, including soil amendments, living soils, biofertilizers, vermicompost and compost tea kits formulated specifically for high-value crops. The company's vision and overall business plan are to create an established brand of organic and/or environmentally friendly products. The company was founded in 2018, and its production facilities are located on Galiano Island, British Columbia.

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