Stonegate Capital Partners Updates Coverage on Input Capital Corp. (TSX-V: INP)

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[{"type":"text","content":"Stonegate Capital Partners Updates Coverage on Input Capital Corp. (TSX-V: INP) DALLAS, TX / ACCESSWIRE / January 17, 2018 / Input Capital Corp. (TSX-V: INP)COMPANY DESCRIPTIONInput Capital Corp. (\"Input\" or \"the Company\") is a Canadian Grain Commission licensed and bonded grain dealer that has adapted the streaming business model fromthe mining and metals industry and applied it to agriculture. The result is an innovative, growth-oriented agriculture streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into multi-year streaming contracts with farmers across western Canada and generates revenue by selling the canola purchased from these farmers to well-established grain handling companies and canola crushing plants located across Alberta, Saskatchewan and Manitoba; as last reported, Input had 375 active streaming contracts in place. Additionally, Input recently launched a new mortgage stream initiative, with over $25M in mortgage streams approved to date. Input is headquartered in Regina, Saskatchewan and has 24 full-time employees (report presented in CAD$).SUMMARYOver the last two years, this well-managed, financially disciplined company has fine-tuned its business model to decrease risk and increase Input's number of revenue producing canola streams; additionally, the Company has continued to evolve in order to address the needs of farmers by introducing new offerings. New initiatives: the marketing stream and mortgage stream - At the beginning of 2017, Input launched the marketing stream, an alternative offering to the original capital stream, resulting in a dramatic expansion of its customer base. With significant interest, Input quickly signed up over 160 new producers in the first 9 months. In January 2018, a mortgage stream pilot was also announced, introducing a conventional farmland mortgage product that uses canola streaming as a payment vehicle; Input has approved over $25 million in mortgage streams to date, with over $11M funded by the end of Q2 FY18 and another ~$14M in Q3 FY18. Improved portfolio - The marketing stream focuses on aggregating a larger number of smaller contracts, resulting in a more diversified and stable portfolio. While with both the capital and marketing stream offerings Input makes a deposit, and the producer commits to delive...

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