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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 Ltd. (NASDAQ: AGRI; AGRIW) announced a strategic shift focusing on near-term cash flow opportunities while reducing operating expenses and capital expenditures. The company has opted not to proceed with its Stronghold and Humboldt-Bliss agreements, which included developing a 34-acre property in Coachella and a project in Barbados. CEO Ingo Mueller emphasized minimizing equity dilution and highlighted an aggressive M&A strategy aimed at achieving positive cash flows. AgriFORCE is advancing its intellectual property, launching new food products like un(THINK) flour, and preparing the commercialization of Radical Clean Solutions for enclosed environments. The company aims to maximize shareholder value through capital-efficient strategies and anticipates updates on ongoing initiatives in the coming months.
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