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AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an innovative AgTech company dedicated to transforming modern agricultural practices through cutting-edge technology and proprietary intellectual property (IP). The company leverages its expertise to create sustainable agricultural solutions that optimize crop yields and enhance food safety.
Core Business and Innovations:
AgriFORCE’s primary focus is on developing and utilizing its IP assets to drive improvements in the agricultural industry. This includes its proprietary patent-pending facility design and automated growing systems. Their AgriFORCE Brands division is actively involved in the development and commercialization of plant-based ingredients and products, such as Awakened Flour and Awakened Grains, aimed at delivering more nutritious food.
Recent Achievements and Projects:
AgriFORCE has made significant strides, including the acquisition of a 14% stake in Radical Clean Solutions (RCS). RCS specializes in chemical-free Hydroxyl devices that effectively eliminate pathogens, mold, mildew, and volatile organic compounds (VOCs) in various environments like food production facilities and indoor farms. This partnership enables AgriFORCE to exclusively commercialize these devices, which are crucial for reducing food spoilage and ensuring food safety.
Additionally, AgriFORCE's innovative AgriForce/RCS Hydroxyl Devices were selected as one of the top 20 new innovations at EXPO Guanajuato 2023, the largest AgTech exposition in Latin America. The Hydroxyl technology uses hydroxyls, known as
AgriFORCE Growing Systems (NASDAQ: AGRI), an IP-focused technology company, announces its participation in the LD Micro Main Event XVII. The event is scheduled for October 28-30, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles. Jolie Kahn, CEO of AgriFORCE, will present a corporate overview on Wednesday, October 30, 2024, at 11:00 am PT.
Interested parties can register to watch the presentation online. A replay will be available on the company's website after the conference. Ms. Kahn will also be available for one-on-one meetings throughout the event, providing an opportunity for investors and analysts to engage directly with the company's leadership.
AgriFORCE Growing Systems (NASDAQ: AGRI) has acquired Radical Clean Solutions (RCS), marking its expansion beyond AgTech. RCS's patent-pending Hydroxyl Technology eliminates pathogens, molds, viruses, and VOCs in contained environments without harmful chemicals. This environmentally friendly technology has applications in healthcare, education, business, storage facilities, and hospitality.
The acquisition offers diversification opportunities and potential new revenue streams. RCS provides four types of units: in-duct, quad pro portable, trailers and transport, and wall mount units. AgriFORCE CEO Jolie Kahn emphasizes the broader applications of RCS technology across multiple industries, aiming to build long-term shareholder value through systematic leveraging of the technology's potential.
AgriFORCE Growing Systems (NASDAQ: AGRI) has completed the acquisition of Radical Clean Solutions (RCS) assets, strengthening its IP portfolio with patent-pending hydroxyl technology. This technology eliminates pathogens in various settings without using toxic chemicals. The acquisition expands AgriFORCE's reach beyond agriculture into broader sustainable technology development.
Key points:
- RCS Hydroxyl Technology generates hydroxyl radicals for broad-spectrum disinfection
- Environmentally friendly and safe for people, pets, and plants
- Applicable in food production, healthcare, and commercial/consumer markets
- AgriFORCE previously held worldwide rights in agriculture and a 14% stake in RCS
- Roger Slotkin, RCS CEO, joins AgriFORCE as a consultant and President of RCS
AgriFORCE Growing Systems (NASDAQ: AGRI) has been granted Patent #CN 202080073940.7 for "Automated Growing Systems" by the China National Intellectual Property Administration. This patent complements the U.S. patent granted in June 2024, enhancing the company's global IP portfolio in AgTech. The patented system features a channel assembly for growing plants using specialized troughs, conveyor belts, cranes, and lights within a fully enclosed trussed greenhouse.
The innovative design maximizes space usage by replacing walkways with conveyors and robotics, potentially increasing crop production per square foot. The system can transport seedlings from one end of the greenhouse to the other for harvest, with robotics capable of moving plants between troughs or removing them. The design aims to reduce labor in farming while optimizing electricity usage through a combination of sunlight, LED lights, and heat exchangers.
AgriFORCE Growing Systems has retained Barrett Mooney, Ph.D., as an Agricultural Technical Consultant. Dr. Mooney brings extensive experience in agriculture and sustainability, having previously led significant roles in big data, analytics, and AI-driven crop yield enhancement. Notably, he was CEO of HydroBio Inc., a software company focused on water conservation and crop yield maximization, which was sold to The Climate His appointment is part of AgriFORCE's strategy to expand its presence in the AgTech sector, leveraging his expertise to enhance existing operations and pursue acquisitions and joint ventures.
AgriFORCE Growing Systems issued a shareholder letter highlighting a transformative year in 2024. Key initiatives include maximizing the value of their RCS systems and Awaken Grains flour™, exploring carbon credit and renewable energy credit markets, and implementing blockchain technology. The company reduced outstanding debentures by 31% in Q1 2024 and approved a $1 million share repurchase program. Leadership changes feature David Welch as Chairman and Jolie Kahn as CEO, with plans to develop technologies for carbon credits to enhance shareholder value and support sustainable agriculture.
AgriFORCE Growing Systems announces the appointment of Jolie Kahn as Chief Executive Officer. With over 25 years of experience in public markets, Kahn brings a strong background in corporate finance, management, and securities law. Her expertise includes blockchain and cryptocurrency, helping public companies navigate challenges, and playing key roles in complex financial transactions. Kahn aims to leverage AgriFORCE's intellectual property portfolio to drive growth and build long-term shareholder value.
AgriFORCE Growing Systems (NASDAQ: AGRI; AGRIW), an IP-focused AgTech company, has announced a share repurchase program authorized by its Board of Directors.
The program allows the company to buy back up to $1 million worth of common shares over six months, subject to contractual requirements. The Board will review and may extend or increase the program as needed.
Repurchases will be conducted through privately negotiated or open-market transactions, adhering to securities laws and regulations, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. Timing and amount of repurchases will be at the management's discretion, based on market conditions and other factors.
The company is not obligated to repurchase any shares and may suspend or terminate the program at any time.
AgriFORCE Growing Systems has received U.S. Patent #11,997,962 B2 for its 'Automated Growing Systems.' This patent enhances their IP portfolio in agriculture, focusing on indoor growing facilities through the use of conveyor belts and other mechanisms to move production lines of vegetation or flowering plants. The company aims to integrate this technology with their existing innovations to optimize agribusiness operations. Executive Consultant Jolie Kahn emphasized the patent's role in empowering farmers and agribusinesses while building long-term shareholder value.
AgriFORCE Growing Systems completed the delivery of its second-generation AgriForce RCS-Hydroxyl devices, known as the QuadPro, to be introduced into the Mexican market. The device offers multiple advantages including increased airflow, reduced noise levels, lighter weight, and improved design for better movability. The technology aims to eliminate pathogens in food production facilities and indoor farms, improving food safety and reducing food spoilage.
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