Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF) CEO Neil Wiens joined Proactive to discuss the generative agriculture company’s recent financing of $1.15 million, which will advance the development of its facility.
Wiens explained that the funds will help bring the facility online by mid-March, allowing it to produce 2,000 tons of granulated regenerative fertilizer per month.
He also highlighted the company’s progress in entering new markets, including Montana and the Pacific Northwest, as well as achieving efficacy across high-value crops like fruits, berries, and cash crops.
Proactive: All right, welcome back inside our Proactive newsroom. Joining me now is Neil Wiens. He is the CEO of Replenish Nutrients. Neil, it's good to see you again. How are you?
Neil Wiens: I'm wonderful.
Good to have you along, and excited because you've got some substantial news about financing. I'll talk about that in just a second. But for those not familiar, just remind everyone a little bit about the company itself, Neil.
Yeah. So Replenish Nutrients is a regenerative agriculture company that builds mineral nutrients into a biologically released fertilizer over the plant's growing period. We create unique formulas with unique biologicals to fulfill a very large-scale system of regenerative fertilizer.
And specific to an industry, are you focused on the food industry or others as well?
We're focused on the commercial fertilizer market. So yes, it’s the food industry—any kind of crop, from canola all the way to blueberries.
I mentioned financing. You've just closed on just over $1.15 million, which will allow you to really take the next stage in development of your facility. So remind everyone a bit about the facility and how this money will help.
We've spent the last two years developing the patented technology, which we've now finalized along with efficacy testing. So, I mean, 2024 wasn’t great in terms of dollar values and activities. But behind the scenes, we worked hard.
We finalized the patents, completed the methodology for the Biosecure plant, and now have all the necessary parts to move forward. With this financing, we are bringing in electrical systems to have the plant operational by mid-March. This facility will produce 2,000 tons of granulated product monthly.
That sounds like perfect timing as you head into the growing season. And the demand appears to be quite large for what you're providing. Is that accurate?
Yes, absolutely. We already have over 6,000 tons of purchase orders for products as they come off the line. Those purchase orders come from people we've worked with previously during efficacy testing. This is just the first phase, but it will easily help us reach our 24,000 tons per year goal. Once the product proves itself, customers will have no problem continuing to use it.
And that would lead you into the next phase for the company, which involves growth in both sales and product development.
Exactly. Here’s the bonus: we’ve spent the last two years finalizing our R&D, so we don't need to work on more product development. We've hit the nail on the head, and the product is where it needs to be. Now, we can focus on scaling.
Our next phase is the bolt facility, which will double production capacity to 50,000 tons per year. This isn't a massive leap but a significant increase that will improve both margins and revenues.
Lastly, Neil, it seems like this year is pivotal for the company. Would you agree?
Absolutely. Last year was about the build. This year is about execution. We've made significant progress, expanding into the Pacific Northwest, the Fraser Valley, and Montana. We're now involved in fruits, berries, canola, and high-end cash crops. This is the year where everything comes together.
Quotes have been lightly edited for clarity and style