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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) 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.
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) announced CEO Ingo Mueller will participate in two virtual investor conferences: the Alliance Bernstein Digestible Disruption Conference on October 12 at 11:00 a.m. EDT and the Maxim Group Global AgTech Virtual Conference on October 14 at 12:00 p.m. EDT. AgriFORCE focuses on sustainable agriculture through innovative technologies, aiming to revolutionize plant cultivation and processing. Their proprietary AgriFORCE Grow House optimizes crop yields while reducing resource use, promoting a clean and sustainable future.
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) has announced a definitive agreement to acquire patent-pending intellectual property from Manna Nutritional Group LLC (MNG). The technology focuses on the natural processing of grains, pulses, and root vegetables into high-protein, high-fiber, and low-starch products. Independent testing shows MNG's baking flour offers 45 times more fiber and three times more protein than conventional flour. This acquisition aims to expand AgriFORCE's health-conscious food product portfolio, targeting a growing consumer demand for healthier options.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) announced that CEO Ingo Mueller will appear on BNN Bloomberg's 'Commodities' program on September 10, 2021. The discussion will focus on the U.S. food supply chain and the company's innovative indoor growing system designed to enhance sustainable cultivation amid a growing global population. AgriFORCE's technology employs artificial intelligence and natural elements to produce pesticide-free crops in controlled environments, aiming to optimize yields and resource efficiency.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has signed a Memorandum of Understanding (MOU) with Humboldt Bliss, Ltd., focusing on deploying its proprietary AgriFORCE Grow House technology for cultivating high-value medical and agricultural products in the Caribbean. The agreement, anticipated to generate a minimum of 14,300 pounds annually, could yield approximately $24.5 million in gross revenue. The contract will last a minimum of five years and includes a $5 million quarterly performance bond. The definitive agreement aims to be completed within 120 days.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) will have its CEO, Ingo Mueller, present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The presentation will be accessible on-demand for registered attendees starting September 13 at 7:00 AM Eastern Time. The event will include one-on-one meetings with investors, emphasizing AgriFORCE's innovative approach to sustainable agriculture through its proprietary AgriFORCE Grow House technology aimed at optimizing crop yields and minimizing pesticide use.
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