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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 Growing Systems (NASDAQ: AGRI; AGRIW) announced its binding letter of intent to acquire Deroose Plants NV, a leading tissue culture propagation company, for approximately US$69 million. Deroose, with 2.11 million square feet of facilities and $40.5 million in 2021 revenues, fosters AgriFORCE's growth in sustainable agriculture through enhanced genetic IP for crops. This acquisition aims to strengthen AgriFORCE's integrated AgTech model, drive growth in core markets, and leverage Deroose's financial performance.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has been invited to present at the 34th Annual Roth Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Niguel, California. The company's management will conduct 1x1 investor meetings and will provide a pre-recorded presentation available to registered attendees. The conference features small group meetings, fireside chats, and presentations from around 400 companies across various sectors. AgriFORCE focuses on sustainable crop production and aims to be a leader in plant-based food innovation.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has executed a non-binding term sheet for a convertible debt facility of up to $20 million with an accredited institutional investor. The company will receive an initial $10 million, with the option for an additional $10 million later. The debt is convertible at $2.75 per share and includes 3-year warrants at the same price. Funds will be used for the acquisition of Delphy Groep BV, expected to enhance AgriFORCE's operational capabilities and financial health, minimizing equity dilution.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) will present at Gravitas’ 5th Annual Growth Conference on March 3, 2022, at 3:40 PM PST. This event focuses on sustainable agriculture and features industry leaders. CEO Ingo Mueller will answer investor questions and hold meetings during the conference, which will be held both virtually and in-person at the Fairmont Pacific Rim Hotel, Vancouver. The conference runs from 8:00 AM to 5:30 PM PST, welcoming institutional and retail investors from various regions.
AgriFORCE Growing Systems (NASDAQ: AGRI; AGRIW) has secured an exclusive global licensing agreement with Radical Clean Solutions to commercialize innovative hydroxyl generating devices in the controlled environment agriculture and food manufacturing sectors. This technology targets airborne and surface-based pathogens, including mold and bacteria, which impact crop yield and food safety. The partnership allows AgriFORCE to enhance operational efficiency and safety for consumers. CEO Ingo Mueller highlighted the potential for improved profitability and crop yields through this advanced solution.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced the publication of a U.S. patent application titled "Structures for Growing Plants". This patent emphasizes innovations in GrowHouse design, incorporating IoT, AI, and enhanced insulation for energy efficiency. It aims to provide a cost-effective alternative to traditional greenhouses, enhancing yield potential. The publication aligns with the company's plans to launch new facilities and follows a definitive agreement to acquire Delphy Groep BV, an AgTech consultancy, to boost market presence.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced its acquisition of Netherlands-based AgTech consultancy firm Delphy Groep BV for US$29 million. Delphy reported 2020 revenues of US$26 million and EBITDA of US$3 million. This purchase is expected to enhance AgriFORCE's consulting operations and expand its footprint in global markets, particularly North America and Asia. The deal aims to leverage Delphy’s industry expertise to boost research and development capabilities while accelerating the deployment of AgriFORCE’s technologies.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is advancing towards commercializing its Manna Nutritional Group food production IP. The company plans to pilot test its branded flour product, un(Think) Foods, which offers higher fiber and protein content and lower starch than conventional flour. Production facilities are being established in Saskatchewan, Canada, with operations expected in the latter half of 2022. Recent consumer research indicates significant interest in nutritious flour alternatives, particularly among millennials willing to pay a premium for better nutritional value.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has been invited to present at The MicroCap Rodeo’s 2nd Annual Winter Wonderland Best Ideas Conference, taking place virtually from February 8 to 11, 2022. Management’s presentation is scheduled for February 8 at 3:30 PM ET. Investors can access the webcast at the company's website. The conference will feature 25-minute presentations and one-on-one meetings for qualified institutional investors. AgriFORCE focuses on advancing sustainable agriculture through innovative technologies, targeting North America, Europe, and Asia.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has appointed Denise Sabet as the new Director of Marketing & Communications. With extensive international experience in brand consulting, Sabet aims to enhance the company's marketing strategies as it seeks global expansion. Her previous work includes collaborations with major brands such as Pepsico and Unilever. AgriFORCE focuses on sustainable cultivation and AgTech innovation, targeting markets in North America, Europe, and Asia. This leadership change is expected to strengthen the company’s brand portfolio and drive growth.
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