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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 has announced the commercialization of UN(THINK) Awakened Flour, launching in Canada and the U.S. in 2023. This flour is produced using a patent-pending process that enhances taste and nutrition, boasting twice the protein of regular wheat flour. The product’s germination process increases bioavailability of vitamins and minerals, improving gut health. Production will be based in Saskatoon, Saskatchewan, with partnerships among local non-GMO suppliers. The company aims to set a new standard in sprouted flour, catering to bakeries and direct consumers.
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
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that CEO Ingo Mueller and President Mauro Pennella will present at upcoming virtual investor conferences. The first event is the Canaccord Genuity AgriFood Tech Innovation Forum on December 1, 2022, at 4:00 PM ET, followed by the Planet MicroCap Showcase on December 7, 2022, at 1:00 PM ET. Both events will include opportunities for 1x1 meetings with qualified investors. The company focuses on sustainable agriculture and aims to lead in delivering plant-based products globally.
AgriFORCE Growing Systems has received a patent allowance from the USPTO for its unique processing technologies related to grains and flours under the UN(THINK)™ Foods brand. This innovation aligns with the trend of increasing demand for nutritious food alternatives, addressing a $200 billion U.S. flour market. A consumer survey indicated 50% of millennials would pay a premium for healthier flour alternatives. The company aims to launch its first product by the end of 2022, highlighting its focus on sustainable practices and consumer health.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced a Notice of Allowance from the USPTO for its patent application titled “Structures for Growing Plants.” This follows a recently granted patent related to its FORCEGH+ automated growing systems. The allowed patent includes 19 claims, focused on innovative plant growing structures with enhanced features, such as transmissive panels and improved insulation. CEO Ingo Mueller emphasizes the importance of IP in differentiating their solutions in the AgTech sector, as the company prepares to develop its first Coachella Campus.
AgriFORCE (NASDAQ: AGRI; AGRIW) has partnered with New Engen, a leading marketing agency, to boost the upcoming launch of its un(Think) Awakened Flour. New Engen will spearhead digital and influencer campaigns to enhance AgriFORCE's e-commerce presence. Awakened Flour, made from sprouted grains using a patent-pending process, targets health-conscious consumers with its nutritious profile. The company's focus spans North America, Europe, and Asia, aiming to deliver plant-based food solutions.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced the granting of a patent titled “Automated Growing Systems” by the USPTO, enhancing its intellectual property portfolio. This patent specifically covers the grow channel component in its FORCEGH+ controlled environment agriculture facility, aimed at achieving higher crop yields sustainably. CEO Ingo Mueller emphasized its role in developing the first Coachella Campus, marking a significant milestone for the company as it progresses towards revolutionizing agriculture through advanced systems.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has appointed André J. Beaulieu as General Counsel, effective October 4, 2022. Beaulieu brings over 20 years of experience in legal roles, particularly in M&A activities. He will oversee all legal operations and work closely with the executive team and Board of Directors to bolster AgriFORCE's merger and acquisition strategy. CEO Ingo Mueller emphasized the strategic importance of Beaulieu's role amid ongoing growth and acquisition targets, aiming to establish AgriFORCE as a leader in integrated agtech.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has amended its acquisition agreement with Delphy Groep BV, reducing the total purchase price from USD $29 million to USD $17.66 million plus an earnout of up to USD $5.99 million over two years based on performance milestones. The closing date has been extended to allow for shareholder approval. CEO Ingo Mueller expressed optimism about operational synergies and the transformative potential of this acquisition, emphasizing mutual confidence in future business outcomes.
AgriFORCE Growing Systems has entered a three-way agreement with Stronghold Power Systems and Stronghold Engineering to develop a 34-acre Coachella Campus for controlled environment agriculture. At full operation, the new facilities could yield over $40 million annually in IP royalties and leasing fees. The land acquisition will cost $2.8 million in stock and $1.5 million in cash, reducing capital expenditures by $4.8 million. The campus aims to provide job opportunities and produce high-quality crops using advanced agricultural technologies.
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