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Cleango Innovations Inc (3)
Symbol CGII
Shares Issued 8,000,879
Close 2026-03-27 C$ 0.65
Market Cap C$ 5,200,571
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Cleango to buy 49% of AgritechBC for remediation tech

2026-04-01 11:50 ET - News Release

Mr. Anthony Sarvucci reports

CLEANGO INNOVATIONS INC. ANNOUNCES PARTIAL ACQUISITION OF AGRITECHBC SOLUTIONS INC

Cleango Innovations Inc. has entered into a definitive stock purchase agreement dated March 27, 2026, to acquire a 49-per-cent equity stake in AgritechBC Solutions Inc. This transaction aligns Cleango's green solutions and capital markets expertise with a global reach for AgritechBC's proprietary, nature-based technologies to address the escalating global demand for organic environmental restoration. This acquisition is the result of the earlier mentioned LOI (letter of intent) between AgritechBC Solutions Inc. and Cleango Innovations announced on Oct. 21, 2025.

A proven scientific approach to global challenges

The acquisition focuses on a suite of exclusive intellectual property that represents a paradigm shift in environmental science. AgritechBC's technologies, including MycoSet, BioIngress and PhytoCentra, these products are developed on a foundation of solid, natural and scientifically proven processes. Unlike traditional chemical treatments, these solutions are truly organic, utilizing natural mechanisms to manage landfill waste and remediate contaminated industrial sites, oil leases without introducing synthetic toxins into the ecosystem.

Addressing a global market

By acquiring this stake, Cleango is positioned to penetrate the Global Environmental Remediation Market, which was valued at approximately $113.6-billion in 2024 and is projected to reach $210.56-billion by 2030. Furthermore, the global waste management market -- specifically focusing on landfill optimization -- represents an additional $1.5-trillion opportunity as municipalities shift toward sustainable, organic diversion and treatment strategies.

Executive commentary

Anthony Sarvucci, chief executive officer of Cleango Innovations, commented:

"This acquisition is about more than just equity; it is about bringing a truly organic solution to a world that currently utilizes chemical shortcuts. The technology behind MycoSet is scientifically solid and naturally proven to handle the toughest remediation and landfill challenges.

Adam Sexsmith, director of AgritechBC Solutions Inc., stated:

"Partnering with Cleango provides the strategic engine necessary to take our scientific breakthroughs from the lab to the global stage. Our technology is rooted in nature, and with Cleango's global reach and financial capability, we can now scale these organic remediation solutions to address environmental crises on a worldwide scale. This agreement ensures that our IP is utilized strictly for high-impact commercialization projects that prioritize ecological integrity."

About Cleango Innovations Inc.

Cleango Innovations is a leading developer and manufacturer of proprietary green solutions in the residential, oil and gas, marine, and industrial cleaning markets, utilizing green chemistry and commercial infrastructure certified green, non-toxic, and sustainable cleaning and industrial solutions. With a focus on innovation and environmental responsibility, Cleango offers a diverse portfolio of products for retail, commercial and industrial applications, including the demanding oil and gas services sector.

This joint venture underscores Cleango Innovations' commitment to global expansion and its dedication to fostering a cleaner, greener future for critical industries worldwide.

We seek Safe Harbor.

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