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FARMERS EDGE ANNOUNCES 200K SHARE PURCHASE BY FAIRFAX FINANCIAL HOLDINGS
Aug. 19, 2021
Source: Farmers Edge news release
WINNIPEG, Manitoba--Farmers Edge Inc. ("Farmers Edge" or the "Company") (TSX: FDGE), a global leader in digital agriculture, today announced that an affiliate of Fairfax Financial Holdings Limited ("Fairfax") entered into an agreement to acquire an additional 200,000 common shares in the capital of Farmers Edge on August 16, 2021.
Fairfax, through several of its subsidiaries, is the majority shareholder of Farmers Edge.
"Fairfax feels the current market price of the Farmers Edge shares does not reflect the intrinsic value of the company and believes in its long-term strategy as a disruptor in the AgTech space," says Prem Watsa, Chairman and Chief Executive Officer of Fairfax Financial Holdings Limited.
"Fairfax has been a great partner in supporting our vision to build the most comprehensive digital ecosystem in agriculture," says Farmers Edge CEO and Founder Wade Barnes.
About Farmers Edge
Farmers Edge is leading the next agricultural revolution with the industry's broadest portfolio of proprietary technological innovations, spanning hardware, software, and services. Powered by a unique combination of connected field sensors, artificial intelligence, big data analytics, and agronomic expertise, the company's digital platform turns data into actions and intelligent insights, delivering value to all stakeholders of the agricultural ecosystem. Farmers Edge disruptive technologies accelerate digital transformation on the farm and beyond, protecting our global resources and ensuring sustainable food production for a rapidly growing population. For more information, please visit www.farmersedge.ca and SEDAR (www.sedar.com).
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