Welcome to our dedicated page for AgriFORCE Growing Systems Ltd. Common Shares news (Ticker: AGRI), a resource for investors and traders seeking the latest updates and insights on AgriFORCE Growing Systems Ltd. Common Shares stock.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a pioneering AgTech company committed to transforming modern agricultural development through its proprietary and patent-pending facility design and automated growing system. The company leverages its intellectual property assets to drive advancements in the agricultural industry, focusing on sustainable and nutritious food production.
Core Business: AgriFORCE is primarily engaged in the development and commercialization of innovative technologies for controlled environment agriculture (CEA) and other agribusiness applications. Its AgriFORCE Brands division aims to deliver more nutritious plant-based ingredients and products, notably through offerings such as Awakened Flour and Awakened Grains.
Recent Achievements: The company has recently invested in Radical Clean Solutions (RCS), acquiring a 14% stake and exclusive worldwide rights to commercialize RCS’s Hydroxyl devices. These devices are designed to eliminate pathogens, mold, and VOCs in real-time, significantly improving food safety and reducing spoilage.
Innovative Technologies: AgriFORCE’s technologies include the FORCEGH+ grow facility and the UN(THINK) food processing technology. FORCEGH+ is a state-of-the-art grow house designed for optimized crop yields without using pesticides, fungicides, or herbicides. UN(THINK) technology improves the nutritional profile of wheat flour, providing a healthier alternative to traditional baking ingredients.
Financial Condition and Market Position: AgriFORCE has demonstrated resilience and strategic growth, regaining compliance with Nasdaq’s minimum bid price requirement and expanding its intellectual property portfolio with new patents. The company is also exploring partnerships and market opportunities globally, with a strong presence in both North America and Latin America.
Partnerships and Projects: AgriFORCE collaborates with various partners, including DESICO in Mexico, to distribute its Hydroxyl devices. The company also participates in industry expositions like EXPO Guanajuato to showcase its technological innovations.
Future Outlook: AgriFORCE remains focused on its mission to drive sustainable agricultural solutions and improve food nutrition. The company’s ongoing projects, strategic investments, and innovative technologies position it as a leader in the AgTech industry, poised for significant growth and value creation for shareholders.
For more information, visit www.agriforcegs.com.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has signed a Memorandum of Understanding (MOU) with Humboldt Bliss, Ltd., focusing on deploying its proprietary AgriFORCE Grow House technology for cultivating high-value medical and agricultural products in the Caribbean. The agreement, anticipated to generate a minimum of 14,300 pounds annually, could yield approximately $24.5 million in gross revenue. The contract will last a minimum of five years and includes a $5 million quarterly performance bond. The definitive agreement aims to be completed within 120 days.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) will have its CEO, Ingo Mueller, present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The presentation will be accessible on-demand for registered attendees starting September 13 at 7:00 AM Eastern Time. The event will include one-on-one meetings with investors, emphasizing AgriFORCE's innovative approach to sustainable agriculture through its proprietary AgriFORCE Grow House technology aimed at optimizing crop yields and minimizing pesticide use.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) announced that CEO Ingo Mueller will appear on Cheddar Innovates on August 19, 2021, at 11:30 a.m. ET. He will discuss critical food supply chain issues in the U.S. and how AgriFORCE’s proprietary indoor growing system addresses these challenges. The company is focused on sustainable agriculture through its innovative AgriFORCE Grow House, designed to optimize crop yields while minimizing pesticide use. AgriFORCE aims to revolutionize plant cultivation for better quality food and other agricultural products.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) announced participation in the Gravitas Titans of Tech Investor Day on August 19, 2021. CEO Ingo Mueller will present virtually at 12:00 PM PT / 3:00 PM ET. The event will connect leaders in growth technology with institutional and retail investors. AgriFORCE specializes in innovative agricultural technology, focusing on high-value crops using its unique hydroponics-based automated growing system, the 'AgriFORCE grow house,' designed to maximize crop yields while minimizing pesticide use.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has promoted Troy McClellan to President of the AgriFORCE Solutions division. McClellan will focus on commercial development, targeting the integration of AgriFORCE's intellectual property across various markets and overseeing M&A strategies to enhance the Company’s automated growing systems. Previously serving as Vice President of Design and Construction, his experience includes leadership roles in significant design projects. CEO Ingo Mueller praised McClellan's contributions to advancing agricultural technology and solutions addressing food supply challenges.
AgriFORCE Growing Systems has appointed Mauro Pennella as the President of its AgriFORCE Brands division and Chief Marketing Officer. Pennella, a veteran with over 30 years in consumer products, will spearhead the company's brand initiatives across various agriculture sectors such as foods and plant-based products. With a focus on commercial strategy and brand marketing, his experience from McCain Foods and Combe Incorporated positions him as a key asset for AgriFORCE’s growth. Pennella expressed enthusiasm about joining at a pivotal time for the company, promoting sustainable and innovative agricultural solutions.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) announced that CEO Ingo Mueller will appear on The Claman Countdown on Fox Business Network at 3:20 PM ET today. He will address challenges in the global food supply chain and the inefficiencies of traditional farming methods. AgriFORCE focuses on innovative agricultural technology, aiming to deliver sustainable solutions for high-value crops through their proprietary facility design and automation, which meet both EU and USDA standards for quality and safety.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has appointed Richard Levychin to its board of directors. Levychin, a seasoned accounting and business advisory expert, will serve on key committees, including Executive Compensation and Audit. With over 25 years of experience, he brings expertise in financial oversight and compliance, crucial as AgriFORCE prepares to launch its facilities in the United States. CEO Ingo Mueller anticipates Levychin's contributions will enhance the company's financial reporting standards and support its growth strategy.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has appointed Amy E. Griffith, senior government affairs executive, to its board of directors. Griffith brings extensive experience from Wells Fargo and TIAA, where she led government relations across multiple states. Her appointment aims to enhance AgriFORCE's engagement with policymakers and advance its innovative agricultural solutions, which focus on high-value crops, pesticide-free production, and sustainable practices. CEO Ingo Mueller emphasized the significance of her expertise during the company's commercialization phase.
AgriFORCE Growing Systems Ltd. announced the closing of an underwritten initial public offering of 3,127,998 units at $5.00 each, resulting in gross proceeds of approximately $15.6 million. The offering included one common share and one Series A warrant per unit. Trading for common shares and Series A warrants commenced on July 8, 2021, under symbols AGRI and AGRIW, respectively. EF Hutton acted as the sole book-running manager, with a registration statement effective as of July 7, 2021.
FAQ
What is the current stock price of AgriFORCE Growing Systems Ltd. Common Shares (AGRI)?
What is the market cap of AgriFORCE Growing Systems Ltd. Common Shares (AGRI)?
What is AgriFORCE Growing Systems Ltd.'s core business?
What recent achievements has AgriFORCE accomplished?
What are some of AgriFORCE's key technologies?
How has AgriFORCE strengthened its market position?
What future projects is AgriFORCE involved in?
What are the benefits of AgriFORCE's Hydroxyl devices?
What makes UN(THINK) flour unique?
Who are AgriFORCE's key partners?
How does AgriFORCE contribute to sustainable agriculture?
Where can I find more information about AgriFORCE?
