Performance Plants Raises New Funds

Performance Plants Inc., an Ontario-based stress-resistant crop seed technologies, has raised C$13 million in new venture funding. Ceres Global Ag Corp. led the round, and was joined by Eastwood Capital Corp.

 

PRESS RELEASE

 

Performance Plants Inc. (“PPI”), a leading global agricultural biotechnology company with research and development facilities in Kingston, Ontario, Saskatoon, Saskatchewan and Waterloo, New York, announced today the completion of a $13 million equity financing.

 

PPI has developed and patented a range of stress-resistant crop seed technologies (weatherproofing “traits”) that deliver higher yields and more consistent and cost effective harvests for farmers and feedstock suppliers under conditions of environmental stress such as drought and excessive heat or cold. The company's traits are being evaluated for food crops both internally and in partnership with world-leading seed companies including DuPont business Pioneer Hi-Bred, Syngenta Biotechnology, Stine Seed Company, RiceTec Inc. and The Scotts Miracle-Gro Company.

 

The company's breakthrough Yield Protection Technology