Page 1

VERDE AGRITECH November 15 , 2021 Verde announces 169 % increase in revenue in Q3 2021 and revises upwards its target for the year ( All figures are in Canadian dollars , unless stated otherwise . Average exchange rate in Q3 2021 : C $ 1.00 = R $ 4.26 ) Belo Horizonte , Brazil . Verde AgriTech Plc ( TSX : " NPK " ) ( OTCQB : “ AMHPF " ) ( " Verde " or the " Company " ) is pleased to announce its financial results for the third quarter , ended on September 30 , 2021 ( " Q3 2021 " ) . Q3 2021 FINANCIALS Revenue increased by 169 % , to $ 10,651,000 compared to $ 3,956,000 in the third quarter of 2020 ( " Q3 2020 " ) . Revenue in Brazilian Real ( “ R $ " ) increased by 206 % , to R $ 45,409,000 compared to R $ 14,815,000 in Q3 2020 . Gross margin increased to 77 % in Q3 2021 , compared to 67 % in Q3 2020 . Operating profit before non - cash events increased by 124 % , to $ 3,665,000 compared to $ 1,635,000 in Q3 2020 . Trade and other receivables increased by 141 % , to $ 8,238,000 compared to $ 3,415,000 in Q3 2020 . Sales by volume increased by 45 % , to 153,674 tonnes sold compared to 105,769 tonnes sold in Q3 2020 . Net profit increased by 192 % in Q3 2021 , to $ 3,183,000 , compared to $ 1,090,000 in Q3 2020 . " Our hard work over the years is yielding consistent growth since production started in 2017. In Q3 2021 the effort was relentless as we sought to meet our heightened target , which was achieved thanks to the high quality and commitment of our team . We will endeavour to maintain an exponential growth expansion for the foreseeable future " , said Cristiano Veloso , Verde's Founder and CEO .