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FULL YEAR: AG GROWTH INTERNATIONAL'S REVENUES EVEN, REPORTS A LOSS
Source: Ag Growth International news release

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Winnipeg, MB - Ag Growth International Inc. (TSX: AFN) ("AGI", the "Company", "we" or "our") today announced its financial results for the three-months and year ended December 31, 2020.

Resilient results in the fourth quarter closed out a year marked with numerous challenges but substantial strategic progress. Our investments in building our 5-6-7 diversification strategy contributed to a relatively strong performance given the challenges throughout the year created by the COVID-19 pandemic.

"We are pleased with the relatively strong performance of AGI in Q4 and 2020 given the difficult environment and the impact on our markets from COVID-19.", said Tim Close, President and CEO of AGI. "Momentum was robust across AGI as we came into 2021 and has accelerated since the beginning of the year with, as of today's date, consolidated backlogs now up approximately 40% over this time last year. A variety of factors are contributing to this growth with the majority of the of the momentum coming from market share growth and solid performance in many of our key regions including Brazil, India, EMEA, the US and our NA Farm segment. A rebound in commercial activity, high planting expectations globally, strong crop prices and steel dynamics are also contributing to the strong environment."


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