Genesis Fertilizers Advances to Next Phase with Proposed Distribution SuperCenter in Peace Region
SASKATOON (October 14, 2021) – Genesis Grain & Fertilizers Operating Limited Partnership’s (GG&F LP), and together with Genesis Fertilizers (Genesis), today signed a land lease agreement with Side Group Rail to grant Genesis Fertilizers a lease to establish a fertilizer distribution SuperCenter located in Rycroft, Alta.
The proponents of Genesis Fertilizers Limited Partnership have been working to create a farmer-owned fertilizer production and distribution network to support farmers across Western Canada, providing urea fertilizer at competitive prices and a vehicle for farmers to participate in profit sharing up and down the supply chain. With the construction of the Genesis SuperCenter at Belle Plaine, Sask., underway and a proposed farmer-owned fertilizer production plant on the horizon, Genesis Fertilizers is focusing its efforts together with Axcess Capital to raise capital for the next phase. This phase will consist of doing the front-end engineering and design work for the urea plant along with the construction of two SuperCenters including one in the Peace River region.
“This facility will serve as a major fertilizer distribution hub for Northern Alberta and Northeastern British Columbia,” says Jason Mann, CEO of Genesis. “Expanding our distribution capacity in the Peace region demonstrates Genesis’ commitment to vertically integrate farming businesses, allowing investors to participate up the agri-business value chain to maximize farm profitability.”
The need for Canadian-made nitrogen fertilizer endures as average prices for urea continue to rise. The state-of-the-art urea production facility will be designed to produce 700,000 Mt of urea annually, with 525,000 Mt available for purchase by farmers through an offtake arrangement. Although a major project, this farmer-owned facility will supply less than 20 per cent of current urea usage in Western Canada.
The proposed distribution facility in Rycroft will be next to the Side Group Rail Rycroft Reload location. Each SuperCenter will reflect a modern approach to fertilizer distribution that includes logistics farmers are very familiar with (modern rail, truck and storage capabilities) allowing for a coordinated system with the urea plant and the most efficient transportation and storage of fertilizers to ensure world-class safety, quality and efficiency standards.
For more information about the proposed Peace Country SuperCenter location and the planned fertilizer production facility, Genesis is hosting an Open House in Rycroft on Wednesday, Oct. 27, from 11:30 am to 5 pm. To register for the open house, visit https://genesisfertilizers.com/rycroft
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Advisory Regarding Forward-Looking Statement
This news release includes forward-looking information and forward-looking statements (collectively, “forward-looking information”) with respect to Genesis. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases including, but not limited to, “expects”, “does not expect”, “is expected”, “is likely” “anticipates”, “does not anticipate”, “plans”, “estimates”, “believes”, “does not believe” or “intends”, or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking information”. This information represents predictions and actual events or results may differ materially.
Forward-looking information contained in this new release includes, but is not limited to, statements with respect to the assumptions, intentions or expectations of Genesis concerning: its ability to raise capital under the offering or otherwise; the ability to complete any stage of the project to design and build a fertilizer production plant and production Supercenters; the intentions of Genesis concerning its ability to provide competitively priced urea to its investors and customers; the benefits of farmer ownership throughout the agriculture value chain; job creation as a result of the project; the timing of and the ability to attract any additional investment capital in Genesis Fertilizers and the sources of such capital; and the stability of the supply of fertilizer to investors in the project; and the ability of investors to earn a return on their investment by sharing in profit margins.
Forward-looking information is based on the current expectations, estimates and projections of Genesis and involves a number of known and unknown risks and uncertainties which would cause actual results or events to differ materially from those presently anticipated, many of which are beyond the control of Genesis. Factors which could cause actual results, events, circumstances, expectations or performance to differ materially from those expressed or implied in forward-looking information include, but are not limited to, general economic, political, market and business factors and conditions; interest rate fluctuations; statutory and regulatory developments; unexpected judicial or regulatory proceedings; catastrophic events; and other. Readers are cautioned that these risks are not and are not intended to be exhaustive.
Genesis has included the above summary of risks related to forward-looking information provided in this new release in order to provide prospective investors with a more complete perspective on the current and future operations of Genesis and such information may not be appropriate for other purposes. The actual results, performance or achievement of Genesis could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Genesis will derive therefrom. This forward-looking information is given as of the date of this news release and Genesis disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
About Genesis Fertilizers
Genesis Fertilizers will be a Canadian farmer-owned fertilizer production and distribution company uniquely positioned to service its producer-investors through a direct to farm business model utilizing the latest in storage and blending technology.
About Genesis Grain & Fertilizers Operating
Genesis Grain & Fertilizers Operating is a farmer owned fertilizer supply and distribution supercenter currently being constructed in Belle Plaine, Saskatchewan.
About Axcess Capital Advisors
Axcess Capital Advisors is a registered Investment Fund Manager and Restricted Portfolio Manager in Alberta, and an Exempt Market Dealer (“EMD”) in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. Axcess provides professional services to Issuers including due diligence, offering origination, fund administration, investment reporting, and investor communications. Axcess’ experienced professionals will assist Genesis Fertilizers in its capital raises.