REGINA, June 28, 2017 /CNW/ - Input Capital Corp. ("Input" or the "Company") (TSX Venture: INP) (US: INPCF) announces it has received a Grain Dealer licence from the Canadian Grain Commission ("CGC" or the "Commission") and is now licenced and bonded by the CGC.
The Grain Dealer's licence recognizes Input as a buyer of western Canadian grains and oilseeds and indicates that the Commission has approved the format and content of grain receipts and documentation provided by Input to its farm clients. In addition, the licence also includes a security bond, which provides farmers with peace of mind in their dealings with Input.
"As our streaming portfolio grows and evolves, Input is becoming more and more like a different kind of grain company – one that does not own physical assets," said President & CEO Doug Emsley. "This evolution both required and made it advantageous for Input to become licenced and bonded by the Canadian Grain Commission, increasing Input's credibility and profile within the western Canadian ag marketplace. The licence provides an additional level of assurance to farmers and other industry participants that Input's systems, processes and documentation meet industry standards, as well as the certainty of receiving payment for final crop sales that is offered by the bonding process."
Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into multi-year canola streaming contracts with canola farmers in western Canada. Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract. Input is a non-operating farming company with a diversified portfolio of canola streams, all of which produce canola and revenue for Input within a year of being signed. Input plans to grow and diversify its low cost canola production profile through entering into additional canola streaming contracts with farmers across western Canada. Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management teams.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward Looking Statements
This release includes forward-looking statements regarding Input and its business. Such statements are based on the current expectations and views of future events of Input's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Input, including risks regarding the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of Input. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Input undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Input Capital Corp.
For further information: Doug Emsley, President & CEO, (306) 347-1024, firstname.lastname@example.org; Brad Farquhar, Executive Vice-President & CFO, (306) 347-7202, email@example.com