THIRD QUARTER HIGHLIGHTS:
• Input made its first canola sales during the quarter, bringing its initial canola streams full cycle. Revenue generated by these canola sales is now available for deployment into a new round of Streaming Contracts.
• Input sold 2,646 MT of canola at an average price of
• Input completed the quarter by registering positive operating cash flow of
• On October 4th, Input closed a private placement and public offering, raising gross proceeds of
• As a result of good crop results, the Company also expects to receive a yet-to-be-established number of bonus tonnes of canola this year. The Company is in the final stages of determining bonus tonnes for the year.
• Input finished the quarter with:
• Cash and cash equivalents of
Input President and CEO
This earnings release should be read in conjunction with Input's
Management's Discussion and Analysis ("MD&A") and unaudited Financial
Statements, which are available on the Company's website at www.inputcapital.com and have been posted on SEDAR at www.sedar.com.
Webcast and Conference Call Details
A conference call will be held on
1 (647) 427-7450 (Local Toronto)
1 (888) 231-8191 (North America Toll Free)
It is recommended that participants dial in five minutes prior to the
commencement of the conference call. Soon after the completion of the
call, the webcast will be available for download on the
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.
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
Input is focused on farmers with quality production profiles, excellent
upside yield potential, and strong management teams. Input has
completed canola Streaming Contracts in
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.