Verde Potash Continues Evolution into Agri-Tech Company

Verde Potash (TSX:NPK) announced that it has continued to evolve from a commodities company into an agri-tech company focused on continual innovation. The company is also looking to change its name to Verde AgriTech to reflect its transition.
As quoted in the press release:

Verde has been devoted to the development of its potassium silicate mineral asset through technology that converts it into solutions for sustainable and profitable agriculture.
Investment in agri-tech amounted to US$ 2.06 billion in the first half of 2015 and is on track to beat last year’s record of US$ 2.36 billion¹. According to Todd Solow, a partner at Norwest Equity Partners (Minneapolis, U.S.), “if you have differentiated technology and can prove to the market that you have yield-enhancing capabilities, you have the potential for very significant growth.”² The agri-tech market is involved in defining new opportunities for technology, products and processes in the agriculture sector, a cornerstone of the global economy representing nearly 8.5% of world GDP. Agricultural science and technology is one of the fastest growing markets driven by global changes such as rising population (projected to reach 10 billion by 2050), development of emerging economies, climate change and shortages of resources³. The agricultural upswing is being determined not only by these global trends, but also by increasingly demanding and conscious consumers, who oppose excessive use of chemicals, and favour organic and sustainable farming.

Click here to read the full Verde Potash (TSX:NPK) press release.