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 (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.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that its CEO Ingo Mueller and President Mauro Pennella will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. The presentation will be available on-demand starting at 7:00 AM ET on September 12. The company focuses on advancing sustainable cultivation and crop processing technologies across North America, Europe, and Asia, aiming to lead in delivering plant-based foods and products.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has launched un(Think) Awakened Flour, a nutritious flour made through a patent-pending process that enhances taste and digestibility. This flour is expected to be available in late 2022 for consumers and businesses in the U.S. and Canada. The proprietary process allows for the careful germination of wheat, maximizing nutritional benefits. AgriFORCE plans to expand its un(Think) Food brand with additional products, including Power Flour expected in 2023 and is establishing operations in Saskatoon, Saskatchewan.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has been granted a patent for its proprietary growing facility design, the AgriFORCE GrowHouse, by the Canadian Intellectual Property Office. This patent covers 20 claims related to innovative features for growing plants, including energy-efficient structures and advanced hydroponics. The design aims to meet Good Manufacturing Practices for pharma-grade crops in extreme weather. The patent strengthens the company's intellectual property portfolio, positioning it as a leader in sustainable AgTech.
Peppercomm has been appointed as the global PR agency of record for AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI). This partnership aims to enhance brand awareness and drive sustainable agricultural practices. AgriFORCE is focused on developing innovative AgTech solutions to produce high-quality crops with minimal environmental impact. The agency will provide strategic counsel, media relations, and digital marketing support, leveraging Peppercomm's expertise in agriculture and consumer brands.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) will have its CEO, Ingo Mueller, presenting at the Benzinga All Access event on July 22, 2022, at 11:40 A.M. Eastern Time. The event focuses on AgriFORCE's mission to enhance sustainable cultivation and crop optimization through advanced technology and intellectual property. The live broadcast can be accessed via a provided link, with an archived recording available on AgriFORCE's investor relations website. The company aims to address global food sustainability challenges through innovative agtech solutions.
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?
