Welcome to our dedicated page for Agriforce Growing Systems news (Ticker: AGRI), a resource for investors and traders seeking the latest updates and insights on Agriforce Growing Systems stock.
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) generates news that reflects its transformation from a digital infrastructure and Bitcoin mining company into AVAX One Technology Ltd., a public vehicle focused on the Avalanche (AVAX) ecosystem. Company press releases and SEC filings describe a shift toward an AVAX-centered digital asset treasury, while maintaining its TerraHash Digital™ operations that build and operate decentralized compute platforms powered by off-grid natural gas systems.
On this news page, readers can follow coverage of AgriFORCE’s capital markets activity, including its large private investment in public equity (PIPE) funded with cash, stablecoins, and AVAX tokens, as well as at-the-market programs and other financing tools. Updates also highlight corporate actions such as the reverse stock split implemented to address Nasdaq listing requirements, the name change to AVAX One Technology Ltd., and the ticker change from AGRI to AVX on the Nasdaq Capital Market.
Sector-specific news includes announcements about Bitcoin mining deployments and power agreements, such as hydro-cooled power and mining infrastructure in Alberta, Canada, and the expansion of modular, off-grid compute sites. The company also issues news about its digital finance initiatives, including a Memorandum of Understanding to acquire a minority stake in VASU International Payment Solutions Inc., a regulated global payment services provider, and its exploration of stablecoin-based payment rails and treasury tools.
Investors and analysts can use this page to track how AgriFORCE communicates its evolving strategy, from energy-led digital infrastructure and Bitcoin mining to AVAX-focused treasury management and regulated payment infrastructure. Bookmark this feed to review historical AGRI announcements and to understand the context behind the company’s transition to AVAX One and the AVX ticker.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced a binding letter of intent to acquire Berry People LLC for $28 million, comprising $18.2 million in cash and $9.8 million in AgriFORCE restricted shares. This acquisition allows AgriFORCE to leverage Berry People's established distribution network, which includes over 200 clients across North America and beyond. In 2022, Berry People generated unaudited net revenues of $37 million. The acquisition aims to realize synergies with UN(THINK) and capitalize on growth opportunities in the berry market, projected to grow at 10% annually. Berry People could also earn additional payouts based on future performance.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) recently announced an investigation into potential illegal trading activities affecting its common stock, including naked short selling. The investigation, initiated on November 15, 2022, involves Shareholder Intelligence Services, LLC to provide analytics that enhance corporate governance and monitor trading compliance. Preliminary analyses suggest that the company may have been subject to market manipulation. AgriFORCE is exploring various options and remedies in response to these findings as part of its commitment to maintaining transparent and compliant trading practices.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced significant nutritional advantages for its UN(THINK) Awakened Flour. Tests by Eurofins show the flour has over 5x the fiber, nearly 2x the protein, and 23% fewer net carbs than regular all-purpose flour. The product uses a patented process to enhance nutritional benefits from 100% sprouted wheat without additives. AgriFORCE has partnered with Maker’s Malt and Marquis Milling in Saskatchewan to ensure sustainable sourcing and production. The flour is currently available for B2B sales and will soon expand to direct-to-consumer markets.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced a collaboration with the Government of Barbados to conduct a feasibility and technical study for controlled environment agriculture (CEA) facilities. This initiative aims to supply nutritious fruits and vegetables to local institutions and for export across the Caribbean. The study is expected to conclude within 120 days, after which a definitive agreement for facility construction and production will be pursued. Ceo Ingo Mueller emphasized the project's potential to enhance food security and address nutrition challenges in Barbados, a country that heavily relies on food imports.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has been awarded a patent from the USPTO for its innovative method of modifying grains and seeds into nutritious low-starch, high-protein flour products and various food items. This advancement aims to enhance dietary options by creating fiber-rich alternatives without sacrificing taste or quality. CEO Ingo Mueller emphasized the patent's significance in launching the UN(THINK)™ foods brand, targeting the $200 billion U.S. flour market. The company is poised for growth and expansion in the sustainable food sector with its unique IP.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) showcased a solid foundation in 2022 and anticipates substantial growth in 2023. Key achievements included the acquisition of Manna Nutritional Group for commercialization of UN(THINK) Foods, and shareholder approval for Delphy Groep BV acquisition, enhancing AgTech offerings globally. With focus on sustainability and innovative technologies, AgriFORCE plans to launch new products in 2023, including Awakened Flour and Power Flour. The company's growth strategy centers on expanding its AgTech platform and M&A activities.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that all proposals were approved during its special shareholders meeting on December 15, 2022. This includes the issuance of shares for the acquisition of food processing technology from Manna Nutritional Group and the purchase of Delphy Groep BV. The acquisition of Delphy is set to be finalized in early 2023. CEO Ingo Mueller expressed gratitude for shareholder support and emphasized the company's commitment to sustainable agricultural solutions.
AgriFORCE has announced the commercialization of UN(THINK) Awakened Flour, launching in Canada and the U.S. in 2023. This flour is produced using a patent-pending process that enhances taste and nutrition, boasting twice the protein of regular wheat flour. The product’s germination process increases bioavailability of vitamins and minerals, improving gut health. Production will be based in Saskatoon, Saskatchewan, with partnerships among local non-GMO suppliers. The company aims to set a new standard in sprouted flour, catering to bakeries and direct consumers.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has scheduled a special meeting for shareholders to vote on proposals related to share issuances for the acquisition of food processing technology from Manna Nutritional Group, as well as the purchase of property from Stronghold and Delphy Groep BV. The meeting will take place on December 8, 2022, at 11 AM Pacific Time. Shareholders of record as of November 1, 2022, are encouraged to vote before 9 AM Pacific Time on December 7, 2022. AgriFORCE's board recommends a
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that CEO Ingo Mueller and President Mauro Pennella will present at upcoming virtual investor conferences. The first event is the Canaccord Genuity AgriFood Tech Innovation Forum on December 1, 2022, at 4:00 PM ET, followed by the Planet MicroCap Showcase on December 7, 2022, at 1:00 PM ET. Both events will include opportunities for 1x1 meetings with qualified investors. The company focuses on sustainable agriculture and aims to lead in delivering plant-based products globally.