Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced soil erosion and enhanced soil quality through conservation tilling/no-till farming. The CX-6 Smart Seeder minimizes soil disturbance during planting (2% soil disturbance).

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Lack of revenue and positive cash flow history due to recent transition from R&D to commercialization.
• Need to ramp up sales and gain market traction.
• Competitive seeding equipment market dominated by larger players.
• Need for continuous innovation and significant R&D investment.
• Farm equipment sales dependence on overall economic health and vulnerability to downturns.
• Potential exchange rate risks due to US sales and global expansion plans.
• Potential need for future financing to fund expansion.

Mitigation Strategies

• Outsourcing manufacturing and distribution to focus on innovation and global expansion.
• Securing manufacturing and distribution agreements with reputable third parties (WS Steel and Rocky Mountain Dealerships).
• Government loan of up to $1.825 million for CX-6 commercialization.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Manufacturing agreement with WS Steel Ltd.
• Distribution agreement with Rocky Mountain Dealerships Inc.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CX-6 Smart Seeder
• Dart, Arrow, and Javelin seeders

Awards & Recognition

• People's Choice Innovation Award at Farm Progress Show (2013 and 2014)

Environmental Metrics

Social Achievements

• Expanded the team by bringing on Colin Rush as Chief Operating Officer, William Mufford, P.Eng, as Chief Technology Officer and Gary Anderson, Randy Minhas, CPA, CA, C.Dir., and Tony Edwards, P.Eng, as new members of our Board of Directors

Climate Goals & Targets

Environmental Challenges

• The Company did not complete any sales during the 2017 fiscal year and only expects to do so starting spring 2018.
• The Company does not have sufficient funds on hand or working capital available to meet its on-going operations, its current obligations and its planned production and development activities for the 2018 fiscal year.
• The CX-6 SMART Seeder is a new product that carries uncertainty with respect to the timing and volume of sales.

Mitigation Strategies

• The Company is exploring other opportunities for revenue producing operations including licensing SMART Seeder rights to new markets, licensing its small machines and retrofit products that can be utilized by existing seeding equipment.
• The Company is actively seeking long-term production financing to support its business requirements for the 2018 and 2019 fiscal years.
• The Company will continue to evaluate activities to generate revenues from other sources that will reduce its requirement to obtain debt or equity financing.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• CX-6 SMART Seeder

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Improved farming outcomes leading to increased crop production and reduction of product inputs and operating expenses

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Limited sales of CX-6 SMART Seeder impacting liquidity
• Uncertainty regarding timing and volume of sales
• Insufficient funds to meet ongoing operations, obligations, and planned activities

Mitigation Strategies

• Exploring licensing opportunities for SMART Seeder rights and other products
• Seeking long-term production financing
• Evaluating activities to generate revenue from other sources

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Working with WS Steel for manufacturing and Rocky Mountain Equipment for distribution

Climate-Related Risks & Opportunities

Physical Risks

• Inclement weather

Transition Risks

• Changes in government regulations or policies

Opportunities

• Increased crop yields and reduced input usage

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CX-6 SMART Seeder

Awards & Recognition

• TSX Venture 50 Company (two consecutive years)

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Improved farming outcomes leading to increased crop production and reduction of product inputs and operating expenses. SMART Seeder technology aims to reduce input wastage and maximize revenues by optimizing seed, fertilizer, and amendment application.

Social Achievements

• A significant portion of the Company is owned by Canadian Prairie commercial farmers, which we believe is a strong indication of consumer level product support for our SMART Seeder technology.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The Company does not have sufficient funds on hand or working capital available to meet its ongoing operations, its current obligations, and its planned production and development activities for the 2018 fiscal year.
• Uncertainty with respect to the timing and volume of sales of the CX-6 SMART Seeder.
• The agriculture industry, the consumer desires, the value proposition to the purchaser and the amount of the benefit to the end user for our CX-6 SMART seeder does not meet our internal expectations.
• Our ability to raise sufficient funds to meet our ongoing obligations, existing liabilities and forecasted administrative requirements for the 2018 fiscal year and period thereafter, until our operations can generate sufficient cash flows to support all requirements of the Company.

Mitigation Strategies

• Exploring other opportunities for revenue producing operations, including licensing SMART Seeder rights to new markets, licensing its small machines and retrofit products that can be utilized by existing seeding equipment.
• Actively seeking long-term production financing to support its business requirements for the 2018 and 2019 fiscal years.
• Continuing to evaluate activities to generate revenues from other sources that will reduce its requirement to obtain debt or equity financing.
• Raising additional funds through the issuance of equity and/or debt instruments to meet its obligations and administrative requirements.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Working with WS Steel Manufacturing for manufacturing and Rocky Mountain Equipment and Torgerson’s LLC for distribution.

Climate-Related Risks & Opportunities

Physical Risks

• Inclement weather

Transition Risks

• Changes to government regulations or policies

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CX-6 SMART Seeder

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Sustainability

Environmental Achievements

• Significant reductions of harmful and excess N2O emissions through precise fertilizer metering and in-furrow placement.
• Improved No-Till practices with minimum soil disturbance, preserving and building organic matter.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Nitrous Oxide (N2O) emissions from fertilizer use.
• Soil degradation from traditional tillage practices.

Mitigation Strategies

• SMART Seeder MAX™ technology for precise fertilizer application and reduced N2O emissions.
• DX Opener System™ for No-Till farming with minimum soil disturbance and organic matter preservation.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• SMART Seeder MAX™

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Resource Efficiency
• Food Security

Environmental Achievements

• Fertilizer and fuel use per acre decreased by 67% in Northern India wheat production.

Social Achievements

• Increased farm profitability by 36% in Northern India due to MINI-MAX™ technology.
• Major sales and distribution agreements secured with North Farmers MEGA FPO and Maquinaria Agricola JAS (MAJAS) in Mexico.

Governance Achievements

• Streamlined operations and reduced costs, ensuring leaner, more efficient operations.

Climate Goals & Targets

Environmental Challenges

• Navigating challenging times and market volatility.

Mitigation Strategies

• Strategic focus on streamlining operations and reducing costs.
• Breakthrough partnership with Mahindra for royalty license, distribution, and white-label manufacturing.

Supply Chain Management

Responsible Procurement

• White-label manufacturing agreement with Mahindra.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 2 (Zero Hunger)
• SDG 13 (Climate Action)

MINI-MAX™ technology contributes to increased food production with reduced resource consumption.

Sustainable Products & Innovation

• MINI-MAX™