FOR IMMEDIATE RELEASE: April 27, 2021
TSX-V:FARM
Toronto,Ontario– Deveron Corp. (TSX-V: FARM) (“Deveron”or the “Company”), a leading agriculture digital services and insights provider in North America, is pleased to announce that it has appointed Pranay Joshi as VP – Engineering. Pranay is a hands-on technical leader, experienced in building diverse and high performing engineering teams. He will lead the development of Deveron’s technology strategy and accelerate the impact of the Company’s recent acquisition, Farm Dog.
Pranay holds a Bachelor of Technology degree in Computer Science and an MBA from Schulich School of Business.
David MacMillan, Deveron’s President and CEO, commented “We are excited to have Pranay join the team at Deveron. As we continue to look at unique ways to digitally organize agriculture data, Pranay will be a great hands on leader to significantly impact our growing digital ecosystem. With over 3 million acres in North American using our various products and services, we are excited for technology to accelerate our growth.”
The Company has granted employees of the company 200,000 options to purchase common shares exercisable at a price of $0.74 per common share. The options expire on April 27, 2026, vest over 5 years. The shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
AboutDeveron:Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. Our team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide, and other farm inputs. Additionally, we have a national network of data technicians that are deployed to collect
various types of farm data, from soil to drone, that build a basis of our best in class data layers. Our focus is the US and Canada where 1 billion acres of farmland are actively farmed annually.For more information and to join our community, please visit www.deveronuas.com/register
David MacMillan
President & CEO Deveron Corp. 416-367-4571 ext. 221
“NeitherTSXVentureExchangenorits RegulationServicesProvider(asthattermisdefinedinpoliciesoftheTSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.”
Thisnewsreleaseincludescertain“forward-lookingstatements”withinthemeaningofthatphraseunderCanadian securitieslaws.Withoutlimitation,statementsregardingfutureplansandobjectivesoftheCompanyareforwardlooking statementsthatinvolvevariousdegreesofrisk.Forward-lookingstatementsreflectmanagement’scurrentviewswith respecttopossiblefutureeventsandconditionsand,bytheirnature,arebasedonmanagement’sbeliefsandassumptionsandsubjecttoknownandunknownrisksanduncertainties,bothgeneralandspecifictotheCompany. Although theCompanybelievestheexpectationsexpressedinsuchforward-lookingstatementsarereasonable,such statementsarenotguaranteesoffutureperformanceandactualresultsordevelopmentsmaydiffermateriallyfrom thoseinourforward-lookingstatements.ThefollowingareimportantfactorsthatcouldcausetheCompany’sactual resultstodiffermateriallyfromthoseexpressedorimpliedbysuchforwardlookingstatements:changesintheworld- widepriceofagriculturalcommodities,generalmarketconditions,risksinherentinagriculture,theuncertaintyoffuture profitabilityandtheuncertaintyofaccesstoadditionalcapital.Additionalinformationregardingthematerialfactorsandassumptionsthatwereappliedinmakingtheseforwardlookingstatementsaswellasthevariousrisksanduncertaintieswefacearedescribedingreaterdetailinthe“RiskFactors”sectionofourannualandinterimManagement’sDiscussion andAnalysisofourfinancialresultsandothercontinuousdisclosuredocumentsandfinancialstatementswefilewith theCanadiansecuritiesregulatoryauthoritieswhichareavailableatwww.sedar.com. TheCompanyundertakesnoobligationtoupdatethisforward-lookinginformationexceptasrequiredbyapplicablelaw.TheCompanyrelieson
litigation protection for forward looking statements.