Clean Seed Capital (TSXV: CSX) New Report Maintains Buy Rating – Investment From New U.S. Distributor / Targeting Australia

Posted Mar 13, 2017 in

TSX.V: CSX

Current:
$0.49

More Details

FEATURED NEWS

The Street: What Deere Purchase Means for AgTech Startup Industry...
Read More

Subscribe

Subscribe below to get the latest
industry and Clean Seed Capital news.


Sign Up

TSX.V: CSX

Current:
$0.49

FEATURED NEWS

The Street: What Deere Purchase Means for AgTech Startup Industry...

Subscribe

Get the latest industry
and Clean Seed Capital news.

Investment From New U.S. Distributor / Targeting Australia

Fundamental Research Corp – Report Highlights:

  • We maintain our BUY rating and fair value estimate of $1.90 per share.
  • Clean Seed Capital Group Ltd. (“company”, “CSX”) announced last month that it entered into a distribution agreement with a Montana, U.S. based distributor of agricultural equipment to demonstrate and market the company’s CX-6 SMART Seeder.
  • CSX and the U.S. distributor intend to finalize their distribution plans and set-up a demonstration program in the fall.
  • In our initiating report in November 2016, we had mentioned that a distribution arrangement in the U.S. would be one of the key catalysts for CSX’s shares in 2017. Shares are up 26% since we initiated coverage.
  • Made significant additions to its management team and advisory board since the beginning of the year, providing a strong signal to the market that management is gearing up for a strong 2017.
  • Announced the closing of a $1.03 million financing by issuing 3.44 million shares at $0.30 per share. The new distributor and advisory board members were key subscribers.
  • We believe Clean Seed’s technology will be highly attractive for M&A opportunities once sales ramp up and the market gets to see users’ feedback on the CX-6 Smart Seeder.

*see back of report for rating and risk definitions


About Clean Seed:

We have developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems.

Our most advanced and innovative technology is the CX-6 SMART Seeder™, a true industry first. The CX-6 SMART Seeder™ is the next generation of seeding technology that creates a new niche within the large-scale farm markets, and as the creators of this technology, we are uniquely positioned to dominate this new market niche.

STAY UP TO DATE WITHTHE LATEST NEWS


The Street: What Deere Purchase Means for AgTech Startup Industry

Dec 6, 2017

Join us for our Panel Discussion and Presentation at the Quantified Farm Conference Dec 6th-7th 2017 in Banff, Alberta.

Dec 4, 2017

Clean Seed Receives Flow Control Patent Clearance from the World Intellectual Property Organization

Nov 22, 2017

Why I Bought a CX-6 SMART Seeder™ - Farms.com Agriville Article

Nov 14, 2017

Clean Seed to present and participate in a panel discussion at the Farms.com Precision Ag Conference in Saskatoon - Oct 25th 2017

Oct 16, 2017

Eurasia Patent Office Grants Patent for SMART Seeder™ Technology

Oct 11, 2017

European Patent Office Grants Patent for SMART Seeder™ Technology

Oct 4, 2017

Discover Clean Seed’s Secret Recipe to Cutting Edge Seeding Technology

Sep 22, 2017

Intellectual Property Lawyer, Antony Edwards, P. Eng, Joins Clean Seed Board of Directors

Sep 21, 2017

Gary Anderson joins the Board of Directors and Acquires a 5% Interest in Clean Seed Capital Group Ltd. (TSX.V: CSX)

Aug 29, 2017

Clean Seed Capital (TSX.V: CSX) Letter to the shareholders.

Jul 11, 2017

Clean Seed Capital (TSXV: CSX) New Report Maintains Buy Rating – Investment From New U.S. Distributor / Targeting Australia

Jul 11, 2017