Clean Seed Capital (CSX.V) is an agricultural technology company who are the architects of the world’s most advanced seeding and planting technology. Their SMART Seeder MAX is the smartest seeder on earth encapsulating the Company’s innovations in true variable rate seeding, planting technologies, and powerful software advancements to facilitate progress for the modern farmer in a single machine.

It’s the only seeding and planting platform offering finite VR control of up to 5 independent products as well as 6 in ground placement options per row, totalling 60 independent rows of highly advanced digital metering systems and seed singulation, providing high resolution prescription input accuracy like no other platform.

Today, the Company announced the signing of a Memorandum of Understanding (MOU) with Mahindra and Mahindra Limited (M&M) to bring the SMART Seeder technology to India and to collaborate on other related opportunities to benefit each other’s business interests.

Both parties will work together to develop a way to manufacture and deliver the SMART Seeder MINI-MAX to Indian farmers and other jurisdictions. The end goal is to eradicate stubble burning, reduce input costs, boost crop production, enhance water conservation, and protect agricultural soils from deterioration.

Mahindra’s Farm Equipment Sector (FES) is the world’s largest tractor company by volume and owns India’s two largest selling tractor brands. With a presence in over 50 countries, Mahindra FES has technology centers in Japan, Turkey, Finland and India, with a wide range of tractors and a growing presence in farm machinery for crops across the value chain.

Graeme Lempriere, Chief Executive Officer, Clean Seed Capital Group Ltd. states “It is with great pride we announce the signing of an MOU with Mahindra and Mahindra, an industry leader that shares in a collective commitment to bring our technology to India as well as other countries within their market reach. Our common vision is to implement technologies that will truly benefit farmers by generating meaningful impacts on the agricultural ecosystem and environment around the world. We are grateful for all the support from the Government of Canada, the Saskatchewan Government and the Consul General of India to bring the MINI-MAX™ project to life in India.”

Scott Moe, Premier of Saskatchewan states “World-class companies like Clean Seed are taking Saskatchewan’s innovative sustainable agri-tech solutions to market. The Saskatchewan India Office plays an instrumental role in connecting Saskatchewan companies to partners in India – and in the case of Clean Seed, bringing the Saskatchewan developed SMART Seeder™ technology to farmers in India and advancing this significant MOU with Mahindra.”

Kairas Vakharia, Senior Vice President & Business Head – Farm Machinery Mahindra & Mahindra Ltd. said, “At Mahindra we are committed to mechanising India, through the proliferation of farm equipment, beyond tractors and this association with Clean Seed Capital Group is a step in that direction. Clean Seed are pioneers of agricultural technologies with a proven track record of developing the most advanced seeding and planting technology, and we are working with them to bring the SMART Seeder™ technology to India.”

The stock is currently up over 39% on this news.

Clean Seed Capital remains in a strong uptrend. The stock closed above a downtrend line which was the first sign of a new uptrend beginning. A reversal pattern known as the cup and handle triggered on January 10th 2023 which confirmed the new uptrend. Both are very bullish technical indicators.

As long as the stock remains above $0.225, the uptrend remains intact and more higher highs can be formed.

The stock is looking to confirm a close above $0.35 with the recent momentum which would give us the first confirmation of a higher low. The next targets on a close above $0.35 would be the major psychological $0.50 zone.