Agriforce Growing Systems Ltd - AGRI STOCK NEWS

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.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has appointed Hernando Ruiz-Jimenez as General Manager of un(Think) Foods. His focus will be on the development and commercial launch of innovative wheat flour products that are 100% natural, featuring significantly higher fiber and protein content while reducing carbs by 70%. Ruiz-Jimenez brings a wealth of experience from companies like PepsiCo and Diageo. AgriFORCE is preparing for a pilot test of its branded products by late 2022, aiming to enhance the sustainable food market.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced a definitive agreement for a convertible debt facility totaling $14.025 million, potentially increasing to $33 million, aimed at financing the acquisition of Delphy Groep BV. The initial conversion price for the debt is set at $2.22 per share, with a 10% original issue discount. The company expects to receive $12.75 million after fees, and the notes are due in 2.5 years, amortizing over 25 months. This move provides financial flexibility to manage equity dilution while supporting strategic growth.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) will present at "The Future of Food" Food & AgTech conference on June 8, 2022. CEO Ingo Mueller is scheduled to speak at 2:45 p.m. ET, offering insights into sustainable agriculture innovations. The event will be held virtually, with AgriFORCE management available for one-on-one investor meetings. This conference aims to explore revolutionary advances in AgTech and food security, focusing on the four pillars of food availability, access, utilization, and stability. Registration for the event is available on the Investor Summit website.