Business
Argo Living Soils Corp. to Finalize 10 Year Licensing Agreement and Enters into Discussion with Malaysian Company
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Argo Living Soils Corp. (CS...
About this update from Argo Graphene Solutions Corp.
[{"type":"text","content":"Argo Living Soils Corp. to Finalize 10 Year Licensing Agreement and Enters into Discussion with Malaysian CompanyVancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Argo Living Soils Corp. (CSE: ARGO) (\"Argo\") announces that it will be finalizing the 10-year licensing agreement with Canadian AgriChar Inc. (\"CAI\") by issuing the second and final tranche of shares. See the news release issued on September 28, 2023. Argo also wishes to announce that it has entered into discussions with Connective Global SDN BHD (\"Connective\"), a Malaysian-based company.10-Year Licensing Agreement with Canadian AgriChar IncArgo will be completing the payment terms and securing the exclusive licencing agreement rights to CAI's proprietary products, including all of the CHAR+ BioChar and BioChar enhanced products. Argo is poised to receive a percentage of revenues generated from CHAR+ BioChar and BioChar enhanced product sales.CAI stands at the forefront of biochar product development, harnessing proprietary techniques to create biochar materials, which serve to maximize organic plant growth. The organic fertilizer market, valued at USD 8.20 billion in 2019, is anticipated to reach USD 18.81 billion by 2027, experiencing a CAGR of 11.80% from 2020 to 2027. This market segment focuses on natural and sustainable alternatives to conventional chemical fertilizers, driven by increasing consumer demand for organic produce and growing concerns about soil degradation.The licensing agreement with CAI marks a substantial milestone for Argo, further fortifying its strategic foundation in the development, marketing, and distribution of a diverse range of natural and organic fertilizers. Commenting on the transaction Argo's CEO, Mr. Hoyle, added, \"Our strategic plan to deliver environmentally sustainable products and services to the organic fertilizer market is advancing. Originating from our roots in developing, manufacturing, and distributing organic fertilizers and soil enhancers, we are pleased to complete our licensing agreement with CAI.\"Discussions with Connective GlobalArgo's CEO, Mr. Peter Hoyle, also noted, \"We are pleased to announce our ongoing discussions with Connective Global SDN BHD. We are actively exploring multiple opportunities and initiatives connected to the production of organic solutions for agriculture, progr...