TSX-V:FARM

Deveron Closes Acquisition of Assets of Frontier Labs

Retrieved on: 
Tuesday, November 1, 2022

Toronto, Ontario--(Newsfile Corp. - November 1, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, is pleased to announce that further to its press release of October 4, 2022, the Company has acquired (the "Acquisition") all of the assets of Frontier Labs Inc. ("Frontier Labs") pursuant to an arm's length definitive agreement (the "Definitive Agreement") dated October 4, 2022 between the Company and Frontier Labs.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - November 1, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, is pleased to announce that further to its press release of October 4, 2022, the Company has acquired (the "Acquisition") all of the assets of Frontier Labs Inc. ("Frontier Labs") pursuant to an arm's length definitive agreement (the "Definitive Agreement") dated October 4, 2022 between the Company and Frontier Labs.
  • Frontier Labs is a leading soil lab and agronomy company, based in Iowa, that services Iowa and Minnesota.
  • This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States.
  • Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes.

Deveron Places 27th on The Globe and Mail's Fourth-Annual Ranking of Canada's Top Growing Companies

Retrieved on: 
Friday, September 23, 2022

Toronto, Ontario--(Newsfile Corp. - September 23, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), is pleased to announce it placed 27th on the 2022 Report on Business ranking of Canada's Top Growing Companies.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - September 23, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), is pleased to announce it placed 27th on the 2022 Report on Business ranking of Canada's Top Growing Companies.
  • Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth.
  • "We are so excited to make The Globe and Mail's ranking of Canada's top growing companies.
  • Canada's Top Growing Companies is an editorial ranking that was launched in 2019.

Deveron Signs LOI with Frontier Labs

Retrieved on: 
Wednesday, September 21, 2022

Toronto, Ontario--(Newsfile Corp. - September 20, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, is pleased to announce that the Company has completed a Letter of Intent (the "LOI") with Frontier Labs Inc ("Frontier Labs"). Pursuant to which the Company and Frontier Labs intend to complete an Asset Purchase Agreement (The "Proposed Transaction"), that would see Deveron acquiring 100% of Frontier Labs' assets. Frontier Labs is a leading soil lab and agronomy company, based in Iowa, that services Iowa and Minnesota. The proposed acquisition continues Deveron's strategy to vertically integrate the soil collection and analysis process within its ecosystem, while adding important local relationships in one of the United States largest agricultural regions.

Key Points: 
  • European Long Only Impact Fund, Coeli Circulus, to help finance the acquisition
    Toronto, Ontario--(Newsfile Corp. - September 20, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, is pleased to announce that the Company has completed a Letter of Intent (the "LOI") with Frontier Labs Inc ("Frontier Labs").
  • Pursuant to which the Company and Frontier Labs intend to complete an Asset Purchase Agreement (The "Proposed Transaction"), that would see Deveron acquiring 100% of Frontier Labs' assets.
  • Frontier Labs is a leading soil lab and agronomy company, based in Iowa, that services Iowa and Minnesota.
  • "We are excited to sign this LOI with Frontier Labs.

2736130 Ontario Inc. Announces Acquisition of Common Shares of Deveron Corp.

Retrieved on: 
Wednesday, May 25, 2022

Toronto, Ontario--(Newsfile Corp. - May 25, 2022) - 2736130 Ontario Inc. announces today that it has filed an early warning report announcing the acquisition (the "Acquisition") of 13,688,182 common shares (the "Common Shares") in the capital of Deveron Corp. (the "Company"), representing approximately 11.02% of the Company's issued and outstanding Common Shares.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - May 25, 2022) - 2736130 Ontario Inc. announces today that it has filed an early warning report announcing the acquisition (the "Acquisition") of 13,688,182 common shares (the "Common Shares") in the capital of Deveron Corp. (the "Company"), representing approximately 11.02% of the Company's issued and outstanding Common Shares.
  • In connection with Deveron's purchase of shares in A & L Canada Laboratories East, Inc. ("A&L") from 2736130 Ontario Inc., as partial consideration, 2736130 Ontario Inc. was issued 13,688,182 Common Shares at a deemed price of $0.55 per Common Share, representing approximately 11.02% of the Company's issued and outstanding Common Shares.
  • Immediately prior to the Acquisition, 2736130 Ontario Inc. and its affiliates had no ownership or control over securities in the capital of Deveron.
  • Depending on market conditions and other conditions, or as future circumstances may dictate, 2736130 Ontario Inc. may from time to time increase or decrease its holdings of Common Shares or other securities of Deveron.

Deveron Completes Transformative Acquisition of Controlling Interest in A&L Canada Laboratories

Retrieved on: 
Tuesday, May 24, 2022

For additional information regarding the Acquisition, please refer to Deveron's news releases dated May 2, 2022 and May 10, 2022.

Key Points: 
  • For additional information regarding the Acquisition, please refer to Deveron's news releases dated May 2, 2022 and May 10, 2022.
  • The Company has obtained the necessary approvals to close the Acquisition, including receipt of final acceptance from the TSX Venture Exchange.
  • A&L is one of the largest soil and tissue laboratories in Canada.
  • [2] Based on data collected through the United States Department of Agriculture, the National Agricultural Statistics Service and Statistics Canada.

Deveron Announces Closing of Private Placement of Convertible Debentures

Retrieved on: 
Wednesday, May 18, 2022

The recognition, measurement and disclosure requirements of Canadian GAAP applicable to private enterprises differ from those of Canadian GAAP applicable to publicly accountable enterprises, which are IFRS.

Key Points: 
  • The recognition, measurement and disclosure requirements of Canadian GAAP applicable to private enterprises differ from those of Canadian GAAP applicable to publicly accountable enterprises, which are IFRS.
  • The financial information of Deveron referred to in this news release is reported in Canadian dollars and have been prepared in accordance with IFRS.
  • The recognition, measurement and disclosure requirements of Canadian GAAP applicable to private enterprises differ from those of Canadian GAAP applicable to publicly accountable enterprises, which are IFRS.
  • 2 Based on data collected through the United States Department of Agriculture, the National Agricultural Statistics Service and Statistics Canada.

Deveron Announces Amendment to Share Purchase Agreement, Private Placement of Convertible Debentures and Withdrawal of Public Offering of Subscription Receipts

Retrieved on: 
Tuesday, May 10, 2022

The Company intends to use the net proceeds from the Offering to fund the Acquisition.

Key Points: 
  • The Company intends to use the net proceeds from the Offering to fund the Acquisition.
  • Due to current market conditions, the Company has decided to withdraw its previously announced public offering of subscription receipts as set forth in the preliminary prospectus dated May 2, 2022.
  • For additional details in respect of the Acquisition, please refer to the Company's press release dated May 2, 2022.
  • Our team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide, and other farm inputs.

Deveron Signs New Enterprise Client to End-To-End Carbon Services Platform

Retrieved on: 
Wednesday, March 23, 2022

The contract, focused on 85,000 acres in the Mississippi Delta, provides the client access to Deveron's platform for collecting, analyzing, and sharing in-field soil carbon data.

Key Points: 
  • The contract, focused on 85,000 acres in the Mississippi Delta, provides the client access to Deveron's platform for collecting, analyzing, and sharing in-field soil carbon data.
  • To date Deveron has signed $7M in enterprise contracts to use the Company's carbon services platform since its launch in Q3/2021.
  • This is the first enterprise contract to exclusively leverage our field to cloud solution, where Deveron monetizes the collection, lab analysis and digital workflow.
  • The platform eliminates significant impediments to the accurate measurement of carbon sequestration in agricultural land and is a key enabler for creating reliable and credible carbon credits.

Deveron Announces Closing of Private Placement

Retrieved on: 
Wednesday, March 9, 2022

This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws.

Key Points: 
  • This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws.
  • Without limitation, statements regarding future plans and objectives of the Company are forward-looking statements that involve various degrees of risk.
  • The Company undertakes no obligation to update this forward-looking information except as required by applicable law.
  • The Company relies on litigation protection for forward-looking statements.

Deveron Announces Closing of Overnight Marketed Public Offering

Retrieved on: 
Friday, February 25, 2022

Toronto, Ontario--(Newsfile Corp. - February 25, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture digital services and insights provider in North America, is pleased to announce that it had closed its previously announced overnight marketed offering (the "Offering") including the exercise in full of the over-allotment option.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - February 25, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture digital services and insights provider in North America, is pleased to announce that it had closed its previously announced overnight marketed offering (the "Offering") including the exercise in full of the over-allotment option.
  • Raymond James Ltd. ("RJL") acted as sole agent and sole bookrunner in connection with the Offering.
  • Each Unit consists of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant").
  • About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes.