Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder. Farmers Edge, founder and former CEO Wade Barnes, former chief financial officer David Patrick, Fairfax Financial Holdings and several financial underwriters are named in the suit asking for a combined total of $270 million in damages.
Farmers Edge disputes merits of claim made by former investors
Proposed class action suite alleges investors received misleading information prior to the company's 2021 IPO
Former investors seek class action lawsuit against Farmers Edge
Plaintiffs allege they received misleading information prior to the company's 2021 IPO
Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder.
Farmers Edge owner Fairfax Financial shorted on alleged asset manipulation
Short seller's report doesn't describe nefarious accounting tactics, only potentially aggressive valuation marks, bank says
Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial, which owns the majority share in Farmers Edge, alleging manipulation in the insurer's asset values.
Farmers Edge to go private three years after IPO
Company’s majority holder to buy all shares at pennies on the dollar
Ag tech firm Farmers Edge has inked a deal with majority shareholder Fairfax Financial Holdings Limited to sell all common shares at 35 cents apiece, the company announced late yesterday.
Farmers Edge considering privatization
The tech firm is evaluating a pennies on the dollar share buyback from its majority holder
Fewer than three years after going public, Manitoba-based tech firm Farmers Edge is considering a privatization proposal.
Farmers say they were misled on carbon credits, urge caution
Farmers say they were told carbon credits would cover subscription costs, with a little extra, but the reality fell far short
Reading Time: 4 minutes Several farmers from Manitoba and Saskatchewan say they are out thousands of dollars after subscribing to a carbon credit program offered by Farmers Edge. “We have not seen a dime,” said Barclay Uruski, who farms near Arborg, Man. Farmers Edge is a Manitoba-based firm that provides digital farm management tools. It launched its Smart Carbon […] Read more
Farmers Edge launches IPO
Digital ag firm makes first public share offering to big demand
Manitoba’s best-known digital agriculture firm is now a publicly-traded company. Farmers Edge, founded in 2005 in Pilot Mound, Man. by agronomists Wade Barnes and Curtis MacKinnon, has carved out a niche using field-centric data, artificial intelligence and its FarmCommand data management platform. CEO Wade Barnes called it an exciting day during an online press conference […] Read more
Self-checking field health mapping system launched
The farmer’s job of poring over satellite field maps looking for disease, weed and insect trouble is about to go automatic. Winnipeg-based digital ag consulting firm Farmers Edge recently released Health Change Maps and Notifications, a new function that automatically scans the company’s daily satellite imagery and alerts growers of any changes in field health […] Read more
Adding an agronomist to your farm team
As farming gets more complicated a growing number of companies are offering to help out. Some farmers get advice from their local independent retailer, or an agronomist employed by a company like CPS. But more and more farmers are choosing to pay for agronomic advice. Based on the logo-covered trucks parked at farm shows, the[...]
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Farmers Edge expands satellite imagery offering
Farmers Edge says it’s making satellite imagery a practical and affordable agronomic tool for farmers through a new strategic partnership with Planet, the company with the largest fleet of Earth-imaging satellites. “We think this will be game-changing,” Farmers Edge president and CEO Wade Barnes said in an interview Oct. 3. “I think it’s going to[...]
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