Farmers Edge Announces Increase to Secured Credit Facility

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WINNIPEG, Manitoba — Farmers Edge Inc. (“Farmers Edge” or the “Company”) (TSX: FDGE), a pure-play digital agriculture company, today announced that it has entered into an amendment to its secured credit facility (the “Facility”) with Fairfax Financial Holdings Limited and/or certain of its affiliates. The Facility has been increased by $12 million to an aggregate principal amount of $93.37 million. The increased amount was extended on the same terms as the rest of the Facility, including a deferred interest rate of 6% per annum and a maturity date of January 31, 2025. The net proceeds of the increase in the Facility will be used for working capital and general corporate purposes.

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The related party transaction was unanimously approved by the independent directors of the Board of Directors of Farmers Edge, and has been accepted by the Toronto Stock Exchange under section 501(c) of the TSX Company Manual.

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About Farmers Edge

Farmers Edge is a global leader in digital agriculture, revolutionizing the industry with a broad portfolio of proprietary technological innovations, spanning hardware, software, and services. Powered by a unique combination of connected field sensors, artificial intelligence, big data analytics, and agronomic expertise, the Company’s digital platform turns data into actions and intelligent insights, delivering value to all stakeholders of the agricultural ecosystem. Farmers Edge disruptive technologies accelerate digital adoption on the farm and beyond, protecting our global resources and ensuring sustainable food production for a rapidly growing population. For more information on Farmers Edge, please visit www.farmersedge.ca. Additional information relating to the Company, including all public filings, is available on SEDAR+ ( www.sedarplus.ca).

Forward-Looking Information

Certain statements in this press release constitute forward-looking information within the meaning of applicable…