Welcome to our dedicated page for Deveron news (Ticker: DVRNF), a resource for investors and traders seeking the latest updates and insights on Deveron stock.
News and disclosures related to Deveron Corp (DVRNF) focus on its role as an agriculture technology company and on significant corporate and financial developments. In multiple news releases, Deveron describes itself as using data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes, employing a digital process that leverages data collected on farms across North America to interpret production decisions and recommend how to optimize input use.
Recent news has highlighted Deveron’s strategic review process and efforts to address liquidity issues and maturing debt. The company announced a forbearance agreement with Toronto Dominion Bank in connection with a secured credit agreement, under which the lender agreed, subject to conditions, to forbear from exercising certain rights and remedies for a defined period. Subsequent updates have detailed amendments to this forbearance arrangement and the continuation of the strategic review of alternatives to satisfy short-term liquidity needs.
Another major theme in Deveron’s news flow is its agreement to sell all of its assets, including its equity interest in A&L Canada Laboratories East, Inc., to affiliates of Rock River Laboratory Inc., with Aqua Capital providing equity to the transaction. The company has reported on the structure of this asset sale, the consideration to various stakeholders, and the conditions required for closing, including shareholder and regulatory approvals.
Deveron’s news releases also cover governance and regulatory matters, such as board resignations and the appointment of a new director, extensions of the maturity date of unsecured convertible debentures, and corrective disclosure requested by the Ontario Securities Commission. In addition, the company has reported on shareholder approvals for the asset sale, a proposed name change, delisting from the TSX Venture Exchange, an application to cease to be a reporting issuer, and a voluntary winding up. Investors following DVRNF-related news can use these updates to track the progress of the transaction, changes in capital structure, and the company’s regulatory and listing status over time.
Deveron (OTC: DVRNF) announced that shareholders approved all resolutions at the December 30, 2025 special meeting, including a share and asset sale under a purchase agreement dated November 3, 2025, a proposed name change to Finis Holdings Inc., delisting from the TSX Venture Exchange, an application to cease being a reporting issuer, and a voluntary winding up. Each special resolution was approved by approximately 97.92% of shares voted; minority approval figures ranged ~97.54% (where applicable). The company currently anticipates closing the Transaction on or about January 15, 2026, subject to conditions precedent.
Deveron (OTC:DVRNF) provided clarifying disclosure after the Ontario Securities Commission reviewed its December 1, 2025 management information circular for a special shareholder meeting on December 30, 2025 to approve a proposed transaction.
The company disclosed the timeline: an Initial LOI from Aqua Capital on Nov 14, 2024, formation of a Special Committee on Feb 12, 2025, renewed merger negotiations with Aqua Capital in March 2025, director resignations in April and October 2025, and an amendment to convertible debentures on Oct 27, 2025.
The OSC views the debenture amendment and the proposed transaction as connected transactions under MI 61-101, causing exclusion of 20,538,287 shares (≈9.6%) from minority approval calculations. The company also waived the proxy cut-off to allow deposits up to the Meeting start at 10:00 a.m. ET on Dec 30, 2025.
Deveron (OTC: DVRNF) entered a share and asset purchase agreement dated November 3, 2025 to sell all assets, including its 66.6% stake in A&L East, to affiliates of Rock River for aggregate consideration of US$36.4M.
Consideration includes US$18.9M to repay TD Bank debt, US$7.8M cash, US$6.2M Seller Notes, US$3.5M Rock River equity and up to US$1M earnouts. Deveron shareholders receive an aggregate US$1.0M cash (~US$0.0067/share).
Voting support covers ~52% of shares; debenture consents cover 66.9%. Closing is subject to shareholder and TSXV approval and is expected on or before April 30, 2026. Trading remains halted since November 1, 2024.
Deveron (OTC: DVRNF) announced board changes effective October 27, 2025. Three directors—Roger Dent, Greg Patterson and Ron Patterson—resigned effective immediately.
The company appointed Chris Irwin as a director; Irwin is a securities and corporate/commercial lawyer, managing partner of Irwin Lowy LLP since January 2010, and has previously held senior roles at Irwin Professional Corporation and Wildeboer Dellelce LLP. The release notes Irwin advises public companies and serves as a director/officer of several public companies.
Deveron (TSXV:FARM, OTC:DVRNF) announced it will not file its audited consolidated financial statements, MD&A and management certifications for the year ended June 30, 2025 by the prescribed deadline of October 28, 2025.
The company cites financial difficulties and says it is unable to estimate when the Annual Filings will be completed. The release notes that neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of the release.
Deveron (OTC:DVRNF) entered an Amending Agreement with Toronto Dominion Bank dated October 9, 2025, modifying a forbearance agreement originally dated April 25, 2025.
The lender agreed to forbear from exercising remedies on specified defaults until the earlier of December 12, 2025 or a defined Forbearance Termination Event. The Loan has approximately $25 million principal outstanding across term debt and a drawn operating line under a secured credit agreement dated May 15, 2023.
The forbearance supports the continuation of Deveron’s strategic review to address short‑term liquidity needs; the company will update the market if further disclosure becomes appropriate.
Deveron Corp. (TSXV: FARM), a North American agriculture services and data company, has filed corrective disclosures following an Ontario Securities Commission (OSC) review. The corrections address deficiencies in multiple financial reports, including the 2024 annual financials and quarterly reports for Q1, Q2, and Q3 2025.
The company made these corrections as part of its application to revoke a failure-to-file cease trade order issued by the OSC on November 1, 2024. Key corrections include adjustments to impairment expenses, earnings per share figures, reclassification of convertible debentures, and comparative period disclosures. As a result, Deveron has been placed on the OSC's Errors and Refilings List.
Deveron Corp. (TSXV: FARM) has announced the extension of maturity date for its $10.015 million 7% unsecured convertible debentures. The maturity date has been extended from August 16, 2025, to October 31, 2025.
Company insiders own $40,000 of the debentures, qualifying as a related party transaction. Deveron is utilizing exemptions from valuation and minority shareholder approval requirements under MI 61-101, as the insider-held debentures represent less than 25% of the company's market capitalization.
Deveron Corp. (DVRNF) has announced an extension of the maturity date for its 7% unsecured convertible debentures with a principal amount of $10,015,000. The maturity date has been extended from May 18, 2025 to August 16, 2025. Company insiders hold $40,000 of these debentures. All other terms of the debentures remain unchanged. The amendment is effective as of May 21, 2025, pending TSX Venture Exchange acceptance.
Deveron has entered into a forbearance agreement with Toronto Dominion Bank regarding an outstanding loan of approximately $26 Million. The agreement, signed on April 25th, 2025, covers both term debt and drawn operating line of credit under a secured credit agreement from May 15, 2023.
Key details of the forbearance:
- The lender agrees to temporarily halt exercising its rights and remedies for certain credit agreement defaults
- Agreement extends until September 30, 2025, or until a Forbearance Termination Event occurs
- Allows Deveron to continue its strategic review process
- Company aims to evaluate alternatives for addressing short-term liquidity needs
The company, which trades on TSX Venture Exchange under symbol FARM, will provide updates when appropriate. This development involves Deveron's subsidiary A&L Canada Laboratories in the credit agreement structure.
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