Replenish Nutrients Secures Strategic Financing for Beiseker Facility Upgrades

Replenish Nutrients Holding Corp. (CSE: ERTH) (OTC: VVIVF), a leading agriculture bioscience company, has announced a significant milestone in its strategic financing efforts. The company has secured the final financing required to complete the Beiseker facility upgrade, which is expected to significantly increase its granulated fertilizer production capacity. This upgrade is a crucial step in Replenish's mission to support a healthy soil ecosystem and grower profitability while minimizing environmental impact.

The Beiseker facility upgrade is expected to be completed in the second half of 2024 or early 2025, with the company confident in its ability to ramp up granulated fertilizer production upon completion of the upgrade. This increased production capacity, along with the shift in sales mix towards higher-margin granulated fertilizer, is expected to contribute to the company's overall growth and profitability.



The company expects to use a combination of internal cash flows, debt, and equity to complete the Beiseker facility upgrade. The final financing for the upgrade is expected to be closed in the coming weeks and months ahead. In the meantime, Replenish has continued to progress the Beiseker facility upgrade using existing financing.

The Beiseker facility upgrade is part of Replenish's broader strategy to optimize and create key new commercial partnerships in its supply chain and distribution channels. The company has made significant progress on this front, demonstrating diligent cost control and disciplined working capital management. This has resulted in significant reductions in selling, general, and administrative expenses, as well as improvements in funds from (used-in) operations and cash from (used-in) operations.

Replenish's proprietary fertilizer products, which contain essential nutrients, biological material, and a chemical-free, zero-waste manufacturing process, have been validated by Emissions Reduction Alberta (ERA) through a $7 million non-dilutive funding grant. This grant supports the company's DeBolt manufacturing facility project, which is expected to play a pivotal role in reducing greenhouse gas emissions and supporting the regional economy.

The Beiseker facility upgrade, along with the DeBolt project, aligns with Replenish's commitment to sustainable and regenerative practices within the agriculture sector. The company's products and manufacturing processes support a healthy soil ecosystem and grower profitability while minimizing environmental impact. This commitment to sustainability, combined with the company's strategic financing efforts, positions Replenish as a leader in the sustainable agriculture sector.

In conclusion, Replenish Nutrients' strategic financing milestone for the Beiseker facility upgrade is a significant step towards increasing the company's production capacity and shifting its sales mix towards higher-margin granulated fertilizer. This upgrade, along with the company's commitment to sustainability and strategic partnerships, positions Replenish as a leader in the sustainable agriculture sector, poised for growth and profitability.