Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) said on Monday it plans a non-brokered private placement of up to C$3 million to fund growth in its regenerative fertilizer business, including expanded production and licensing partnerships in North America.
The Canadian company will offer units priced at C$0.12 each, with every unit comprising one common share and one warrant exercisable at C$0.18 for a period of 24 months.
Proceeds will be used to support previously announced licensing agreements with MJ Ag Solutions and Farmers Union Enterprises, as well as working capital needs at its Beiseker manufacturing facility and for general corporate purposes.
As part of the financing, Replenish has secured a C$1.95 million strategic investment from institutional investor Sorbie Bornholm LP under a structured agreement that provides monthly payments over a 24-month period, beginning four months after closing.
Under the agreement, monthly payments will be adjusted based on the difference between a benchmark share price of C$0.173 and the company’s 20-day volume-weighted average price, with payments increasing if the share price exceeds the benchmark and decreasing if it falls below it. The structure caps share dilution and does not require additional shares to be issued if the share price declines.
Replenish CEO Neil Wiens said the financing would support expansion of Replenish’s regenerative fertilizer footprint in Western Canada and the US Midwest, combining in-house manufacturing with capital-light licensing partnerships. “We believe regenerative inputs will play an increasingly important role in modern agriculture, and this financing allows us to pursue that opportunity while remaining focused on delivering sustainable value to shareholders."
Sorbie managing director Whitney Kofford said the investment reflected confidence in Replenish’s production infrastructure and scalable licensing strategy.