Agriforce Growing Systems Ltd - AGRI STOCK NEWS

AgriFORCE Growing Systems (NASDAQ: AGRI) announces a strategic evolution following its bitcoin mining facility acquisition in Alberta, Canada. The company plans to implement an innovative approach combining cryptocurrency mining with sustainable agriculture. The facility will utilize flare natural gas for power generation, while redirecting waste heat to support aquaculture and controlled environment agriculture.

The integrated system will produce revenue through multiple streams: cryptocurrency mining, Alberta carbon credits, and agricultural products including white-legged shrimp, red seaweed, and micro-greens. The project aims to benefit from Alberta's Carbon Capture Incentive Program while addressing environmental concerns typically associated with crypto mining operations.

AgriFORCE Growing Systems (NASDAQ: AGRI) has signed a Letter of Intent to purchase a Bitcoin mining facility in Alberta, Canada, marking its entry into the crypto space. The facility has a 1.2MW capacity and operates on sustainable energy from captured flare gas at an estimated cost of four cents Canadian per kWh. The company plans to use 10-20% of future capital raised to purchase and hold Bitcoin. Additionally, AgriFORCE will implement its proprietary technology to establish CEA facilities for capturing carbon exhaust, aiming to generate value through carbon offsets and agricultural production.

AgriFORCE Growing Systems (NASDAQ: AGRI), an IP-focused technology company, announces its participation in the LD Micro Main Event XVII. The event is scheduled for October 28-30, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles. Jolie Kahn, CEO of AgriFORCE, will present a corporate overview on Wednesday, October 30, 2024, at 11:00 am PT.

Interested parties can register to watch the presentation online. A replay will be available on the company's website after the conference. Ms. Kahn will also be available for one-on-one meetings throughout the event, providing an opportunity for investors and analysts to engage directly with the company's leadership.

AgriFORCE Growing Systems (NASDAQ: AGRI) has acquired Radical Clean Solutions (RCS), marking its expansion beyond AgTech. RCS's patent-pending Hydroxyl Technology eliminates pathogens, molds, viruses, and VOCs in contained environments without harmful chemicals. This environmentally friendly technology has applications in healthcare, education, business, storage facilities, and hospitality.

The acquisition offers diversification opportunities and potential new revenue streams. RCS provides four types of units: in-duct, quad pro portable, trailers and transport, and wall mount units. AgriFORCE CEO Jolie Kahn emphasizes the broader applications of RCS technology across multiple industries, aiming to build long-term shareholder value through systematic leveraging of the technology's potential.

AgriFORCE Growing Systems (NASDAQ: AGRI) has completed the acquisition of Radical Clean Solutions (RCS) assets, strengthening its IP portfolio with patent-pending hydroxyl technology. This technology eliminates pathogens in various settings without using toxic chemicals. The acquisition expands AgriFORCE's reach beyond agriculture into broader sustainable technology development.

Key points:

• RCS Hydroxyl Technology generates hydroxyl radicals for broad-spectrum disinfection
• Environmentally friendly and safe for people, pets, and plants
• Applicable in food production, healthcare, and commercial/consumer markets
• AgriFORCE previously held worldwide rights in agriculture and a 14% stake in RCS
• Roger Slotkin, RCS CEO, joins AgriFORCE as a consultant and President of RCS

AgriFORCE Growing Systems (NASDAQ: AGRI) has been granted Patent #CN 202080073940.7 for "Automated Growing Systems" by the China National Intellectual Property Administration. This patent complements the U.S. patent granted in June 2024, enhancing the company's global IP portfolio in AgTech. The patented system features a channel assembly for growing plants using specialized troughs, conveyor belts, cranes, and lights within a fully enclosed trussed greenhouse.

The innovative design maximizes space usage by replacing walkways with conveyors and robotics, potentially increasing crop production per square foot. The system can transport seedlings from one end of the greenhouse to the other for harvest, with robotics capable of moving plants between troughs or removing them. The design aims to reduce labor in farming while optimizing electricity usage through a combination of sunlight, LED lights, and heat exchangers.

AgriFORCE Growing Systems has retained Barrett Mooney, Ph.D., as an Agricultural Technical Consultant. Dr. Mooney brings extensive experience in agriculture and sustainability, having previously led significant roles in big data, analytics, and AI-driven crop yield enhancement. Notably, he was CEO of HydroBio Inc., a software company focused on water conservation and crop yield maximization, which was sold to The Climate His appointment is part of AgriFORCE's strategy to expand its presence in the AgTech sector, leveraging his expertise to enhance existing operations and pursue acquisitions and joint ventures.

AgriFORCE Growing Systems issued a shareholder letter highlighting a transformative year in 2024. Key initiatives include maximizing the value of their RCS systems and Awaken Grains flour™, exploring carbon credit and renewable energy credit markets, and implementing blockchain technology. The company reduced outstanding debentures by 31% in Q1 2024 and approved a $1 million share repurchase program. Leadership changes feature David Welch as Chairman and Jolie Kahn as CEO, with plans to develop technologies for carbon credits to enhance shareholder value and support sustainable agriculture.

AgriFORCE Growing Systems announces the appointment of Jolie Kahn as Chief Executive Officer. With over 25 years of experience in public markets, Kahn brings a strong background in corporate finance, management, and securities law. Her expertise includes blockchain and cryptocurrency, helping public companies navigate challenges, and playing key roles in complex financial transactions. Kahn aims to leverage AgriFORCE's intellectual property portfolio to drive growth and build long-term shareholder value.