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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 definitive agreement for a convertible debt facility totaling $14.025 million, potentially increasing to $33 million, aimed at financing the acquisition of Delphy Groep BV. The initial conversion price for the debt is set at $2.22 per share, with a 10% original issue discount. The company expects to receive $12.75 million after fees, and the notes are due in 2.5 years, amortizing over 25 months. This move provides financial flexibility to manage equity dilution while supporting strategic growth.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) will present at "The Future of Food" Food & AgTech conference on June 8, 2022. CEO Ingo Mueller is scheduled to speak at 2:45 p.m. ET, offering insights into sustainable agriculture innovations. The event will be held virtually, with AgriFORCE management available for one-on-one investor meetings. This conference aims to explore revolutionary advances in AgTech and food security, focusing on the four pillars of food availability, access, utilization, and stability. Registration for the event is available on the Investor Summit website.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that CEO Ingo Mueller will present at the H.C. Wainwright Global Investment Conference from May 23-26, 2022, at Fontainebleau Miami Beach, Florida. Mueller's in-person presentation is scheduled for May 25 at 12:00 p.m. ET. The company focuses on sustainable agriculture through advanced AgTech solutions, aiming to serve markets in North America, Europe, and Asia. AgriFORCE's vision is to lead in plant-based foods, promoting a 'Clean. Green. Better.' approach.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has successfully completed the acquisition of Manna Nutritional Group's intellectual property, focusing on patent-pending technologies for converting grains, pulses, and root vegetables into high-protein, fiber-rich consumer products. Lab tests reveal that the new baking flour outperforms conventional options, offering 30 times the fiber and 80% less starch. Initial production is set to launch in Saskatchewan in the second half of 2022, with a pilot product under the un(Think) brand aimed at healthier consumer choices.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced an extension to the closing date of its acquisition of Delphy Groep BV until the end of July 2022. This decision aims to ensure the finalization of certain conditions, including the audit of Delphy. Both companies are committed to the transaction, with AgriFORCE's CEO emphasizing the substantial synergies anticipated. Delphy, a Netherlands-based AgTech consultancy, expects the merger to enhance its global footprint and product offerings, fostering growth for both entities.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has been invited to present at the Spring Into Action - Best Ideas Investor Conference, taking place virtually from May 16-20, 2022. The company's management will present on May 17, 2022, at 3:00 p.m. ET, with the session webcast live and available for replay. One-on-one meetings with qualified investors are also scheduled throughout the event. The conference features 36 top ideas recommended by institutional investors, emphasizing innovation in AgTech.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced a Notice of Allowance from the Canadian Intellectual Property Office for its patent application titled “Structures for Growing Plants.” This patent includes 20 claims related to innovative features of the AgriFORCE GrowHouse, which incorporates advanced technologies for optimized crop cultivation. The allowed patent validates the company's intellectual property and emphasizes its commitment to sustainable agriculture. The firm anticipates an upcoming allowance for its automated growing systems patent family.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced its participation in the 14th Annual Global AgInvesting 2022 Conference taking place from April 4-6, 2022, in New York City. CEO Ingo Mueller will present on April 6 at 11:15 am ET. The company will also host an exhibition space and a hospitality suite for meetings with senior management and Delphy Groep B.V., a consulting firm recently targeted for acquisition. This event will gather agriculture investment stakeholders, focusing on sustainable strategies in global agriculture.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that CEO Ingo Mueller will present at the 2022 Virtual Growth Conference from March 28-30, hosted by Maxim Group LLC and M-Vest. The event features a range of executives from various sectors, including Biotech, Clean Energy, and Healthcare. Interested investors can sign up as M-Vest members to attend. AgriFORCE focuses on sustainable cultivation and crop processing, aiming to lead in plant-based food solutions globally, particularly in North America, Europe, and Asia.
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.
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