Agriforce Stock Price, News & Analysis

AgriFORCE Growing Systems (NASDAQ: AGRI) has launched sustainable agricultural operations at its newly acquired Bitcoin mining facility in Sturgeon County, Alberta. The innovative project combines Bitcoin mining with agriculture by utilizing excess heat and carbon emissions from mining operations to support crop cultivation and aquaculture.

The facility, powered by an on-site generator using flared gas, implements carbon capture and heat reuse technologies to cultivate white-legged shrimp, nutrient-dense micro-greens, and high-demand red seaweed. This integrated approach aims to offset greenhouse gas emissions while contributing to food security and economic development in the region.

The company emphasizes that this model creates multiple revenue streams by repurposing stranded gas assets and modular systems, demonstrating a scalable solution that could be implemented globally.

AgriFORCE Growing Systems (NASDAQ: AGRI) has completed the acquisition of a bitcoin mining facility in Sturgeon County, Alberta, Canada for $1.5 million in cash. This facility, powered by 1.2 MW of natural gas energy, supports over 130 bitcoin mining units with scalability to accommodate up to 250 units. The acquisition aligns with AgriFORCE's integrated strategy, blending sustainable energy, advanced data operations, and innovative agricultural solutions. Chairman David Welch emphasized the strategic benefits, noting the potential for immediate and long-term revenue, environmental sustainability, and operational efficiency. This move allows the company to generate revenue from bitcoin mining and integrate high-yield agricultural initiatives, offsetting operational costs and maximizing asset value.

AgriFORCE Growing Systems (NASDAQ: AGRI) has announced a 1-for-100 reverse stock split of its common shares, effective December 5, 2024. The decision, approved by shareholders on November 25, 2024, aims to comply with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). Every 100 outstanding common shares will automatically be combined into one common share.

AgriFORCE Growing Systems (NASDAQ: AGRI) announces a strategic evolution following its bitcoin mining facility acquisition in Alberta, Canada. The company plans to implement an innovative approach combining cryptocurrency mining with sustainable agriculture. The facility will utilize flare natural gas for power generation, while redirecting waste heat to support aquaculture and controlled environment agriculture.

The integrated system will produce revenue through multiple streams: cryptocurrency mining, Alberta carbon credits, and agricultural products including white-legged shrimp, red seaweed, and micro-greens. The project aims to benefit from Alberta's Carbon Capture Incentive Program while addressing environmental concerns typically associated with crypto mining operations.

AgriFORCE Growing Systems (NASDAQ: AGRI) has signed a Letter of Intent to purchase a Bitcoin mining facility in Alberta, Canada, marking its entry into the crypto space. The facility has a 1.2MW capacity and operates on sustainable energy from captured flare gas at an estimated cost of four cents Canadian per kWh. The company plans to use 10-20% of future capital raised to purchase and hold Bitcoin. Additionally, AgriFORCE will implement its proprietary technology to establish CEA facilities for capturing carbon exhaust, aiming to generate value through carbon offsets and agricultural production.

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.