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AgriFORCE Schedules Special Meeting of Shareholders

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AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has scheduled a special meeting for shareholders to vote on proposals related to share issuances for the acquisition of food processing technology from Manna Nutritional Group, as well as the purchase of property from Stronghold and Delphy Groep BV. The meeting will take place on December 8, 2022, at 11 AM Pacific Time. Shareholders of record as of November 1, 2022, are encouraged to vote before 9 AM Pacific Time on December 7, 2022. AgriFORCE's board recommends a

Positive
  • Scheduled special meeting to discuss important acquisitions and financing
  • Board of directors unanimously recommends shareholders vote 'FOR' the proposals
Negative
  • Shareholder dilution risk due to proposed share issuances
  • -

All stockholders of record as of November 1, 2022 are encouraged to vote their shares on or before 9AM Pacific Time / 12PM Eastern Time on December 7, 2022

Shareholders may vote their shares by calling Alliance Advisors at (844) 717-2299

VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (“the Company") (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, today announced it has scheduled a special meeting of shareholders, to approve share issuances in connection with the previously announced purchase of food processing technology from Manna Nutritional Group, acquisitions of the Stronghold property and Delphy Groep BV, as well as the recent debt financing transaction, and any other related matters, which will be held on December 8, 2022 at 11AM Pacific time / 2PM Eastern Time. AgriFORCE’s board of directors unanimously recommends that its stockholders vote “FOR” each of the proposals.

AgriFORCE stockholders at the close of business on the record date of November 1, 2022 are encouraged to vote their shares as soon as possible before 9AM Pacific Time / 12PM Eastern Time on December 7, 2022. AgriFORCE has completed mailing to stockholders the definitive proxy statement relating to the special meeting of stockholders. Stockholders can exercise their votes online, via telephone or by mail.

Stockholders who need assistance voting their shares should contact AgriFORCE’s proxy solicitor, Alliance Advisors, toll-free at (844) 717-2299 or by email to agri@allianceadvisors.com.  

About AgriFORCE

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an AgTech company focused on building an integrated AgTech platform that combines the best technology, intellectual property and knowledge to solve an urgent problem – providing the best solutions to help drive sustainable crops and nutritious food for people around the world. Looking to serve the global market, the Company’s current focus is on North America, Europe and Asia. The AgriFORCE vision is to be a leader in delivering plant-based foods and products through an advanced and sustainable AgTech platform that makes positive change in the world—from seed to table. Additional information about AgriFORCE is available at: www.agriforcegs.com.

Follow AgriFORCE on Twitter: @agriforcegs
Follow AgriFORCE on Facebook: AgriFORCE Growing Systems Ltd.
Connect with AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd. 

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities of the issuer.  Any offer to sell or solicitation of an offer to buy securities of the issuer may only be made pursuant to a valid prospectus pursuant to an effective registration statement or pursuant to a valid exemption from registration under the Securities Act of 1933, as amended and the rules and regulations promulgated thereunder.

Company Contact:
Ian Pedersen
Tel: (604) 757-0952
Email: ipedersen@agriforcegs.com

Investor Relations:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1021
Email: AGRI@crescendo-ir.com

Media Relations:
Peppercomm
Hannah Robbins
Tel: (415) 633-3205
Email: AgriFORCE@peppercomm.com 


FAQ

What is the date of AgriFORCE's special meeting for shareholders?

The special meeting is scheduled for December 8, 2022.

What proposals will be voted on at the AgriFORCE shareholder meeting?

Shareholders will vote on share issuances related to the acquisition of food processing technology and property.

What time does the AgriFORCE shareholder meeting start?

The meeting will start at 11 AM Pacific Time.

How can AgriFORCE shareholders vote their shares?

Shareholders can vote online, via telephone, or by mail.

What is the deadline for voting shares for AgriFORCE shareholders?

The deadline to vote is before 9 AM Pacific Time on December 7, 2022.

AgriFORCE Growing Systems Ltd. Common Shares

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