Digital agriculture business Farmers Edge is one step closer to becoming a publicly-traded company.
The Winnipeg-based company announced this week that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories and obtained a receipt in respect of its initial public offering of common shares.
The Offering contemplates a treasury offering of Common Shares by Farmers Edge. The number of Common Shares to be sold and the price per Common Share have not yet been determined. The Offering is being made through a syndicate of underwriters led by National Bank Financial Inc. and CIBC Capital Markets acting as joint book-runners and includes Scotia Capital Inc., Canaccord Genuity Corp. and Raymond James Ltd.
Farmers Edge was founded in Pilot Mound, MB in 2005 by agronomists Wade Barnes and Curtis MacKinnon. Farmers Edge was the first company to bring Variable Rate Technology to farmers in Canada.
With over 25 billion data records and 90,000 connected devices, Farmers Edge is actively processing and extracting value from over 100,000 fields each day.