Verde Agritech reports net loss of US$2.53M amidst revenue growth in Q3 2023
The company has faced serious challenges and weakening market conditions.
Verde AgriTech Brazil
Verde is an agri-tech company, focused on delivering smart solutions to the challenges of 21st-century agriculture. We aspire to provide ever greater productivity, profitability and sustainability, by developing innovative products that exceed rising standards of organic and conventional farming. Key figure: Cristiano Veloso
Founded: 2005 | Number of employees:
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The company has faced serious challenges and weakening market conditions.
National Land Transport Agency and Brazilian Ministry of Infrastructure approve railway construction linking Verde's facilities to the extensive Ferrovia Centro Atlântica network.
The output of Super Greensand is planned to reach 3 million tons per year.
The sales plan says 700 thousand tons in 2022, 1.4 million tons in 2023.