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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 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.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has announced the completion of its due diligence for a planned acquisition of a leading European AgTech consultancy. This consultancy, which reported over US$26 million in annual revenues and US$3 million in EBITDA in 2020, focuses on agricultural optimization and innovation. The acquisition is expected to enhance AgriFORCE's capabilities in controlled-environment agriculture. The company aims to finalize the acquisition agreement by the end of January 2022.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has signed a contract with Humboldt Bliss, Ltd. to deploy its AgriFORCE Grow House in Barbados. This agreement is expected to generate over $12 million in annual EBITDA based on current contracts, contributing to potentially $190 million over 15 years. The contract includes a $5 million performance bond. CEO Ingo Mueller emphasizes the opportunity to showcase their intellectual property and support sustainable agriculture in the Caribbean.
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) announced CEO Ingo Mueller's participation in two virtual investor conferences on December 2, 2021. He will present at the Canaccord Genuity 2nd Annual AgriFood Tech Innovations Forum at 9:00 A.M. ET and at the Benzinga All Access event at 10:20 A.M. ET. Attendees can access the webcasts for both events online. AgriFORCE is focused on innovative agriculture technologies aimed at sustainability and optimizing crop yields while minimizing resource use.
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) announced that CEO Ingo Mueller will participate in the Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event from November 16-18, 2021. He will join Mauro Pennella, President of AgriFORCE Brands, for one-on-one meetings with qualified investors during the event. The company focuses on innovative agricultural technology aimed at sustainable cultivation and processing of crops, emphasizing efficient use of resources and eliminating harmful substances. More information can be found at www.agriforcegs.com.
AgriFORCE Growing Systems (NASDAQ: AGRI; AGRIW) announced a binding letter of intent to acquire a leading European AgTech consultancy with over 200 employees and 2020 revenues exceeding US$26 million. The acquisition, valued at approximately US$29 million, aims to enhance AgriFORCE's operations in controlled environment agriculture (CEA). With plans for a North American R&D center and expansion into Asian markets, the deal positions AgriFORCE to leverage the consultancy's expertise for accelerated growth. Due diligence is expected to conclude within 45 days.
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