Welcome to our dedicated page for AgriFORCE Growing Systems Ltd. Warrant news (Ticker: AGRIW), a resource for investors and traders seeking the latest updates and insights on AgriFORCE Growing Systems Ltd. Warrant stock.
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) has been invited to present at the 34th Annual Roth Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Niguel, California. The company's management will conduct 1x1 investor meetings and will provide a pre-recorded presentation available to registered attendees. The conference features small group meetings, fireside chats, and presentations from around 400 companies across various sectors. AgriFORCE focuses on sustainable crop production and aims to be a leader in plant-based food innovation.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has executed a non-binding term sheet for a convertible debt facility of up to $20 million with an accredited institutional investor. The company will receive an initial $10 million, with the option for an additional $10 million later. The debt is convertible at $2.75 per share and includes 3-year warrants at the same price. Funds will be used for the acquisition of Delphy Groep BV, expected to enhance AgriFORCE's operational capabilities and financial health, minimizing equity dilution.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) will present at Gravitas’ 5th Annual Growth Conference on March 3, 2022, at 3:40 PM PST. This event focuses on sustainable agriculture and features industry leaders. CEO Ingo Mueller will answer investor questions and hold meetings during the conference, which will be held both virtually and in-person at the Fairmont Pacific Rim Hotel, Vancouver. The conference runs from 8:00 AM to 5:30 PM PST, welcoming institutional and retail investors from various regions.
AgriFORCE Growing Systems (NASDAQ: AGRI; AGRIW) has secured an exclusive global licensing agreement with Radical Clean Solutions to commercialize innovative hydroxyl generating devices in the controlled environment agriculture and food manufacturing sectors. This technology targets airborne and surface-based pathogens, including mold and bacteria, which impact crop yield and food safety. The partnership allows AgriFORCE to enhance operational efficiency and safety for consumers. CEO Ingo Mueller highlighted the potential for improved profitability and crop yields through this advanced solution.
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.
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