Agriforce Stock Price, News & Analysis

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.

AgriFORCE Growing Systems has retained Barrett Mooney, Ph.D., as an Agricultural Technical Consultant. Dr. Mooney brings extensive experience in agriculture and sustainability, having previously led significant roles in big data, analytics, and AI-driven crop yield enhancement. Notably, he was CEO of HydroBio Inc., a software company focused on water conservation and crop yield maximization, which was sold to The Climate His appointment is part of AgriFORCE's strategy to expand its presence in the AgTech sector, leveraging his expertise to enhance existing operations and pursue acquisitions and joint ventures.

AgriFORCE Growing Systems issued a shareholder letter highlighting a transformative year in 2024. Key initiatives include maximizing the value of their RCS systems and Awaken Grains flour™, exploring carbon credit and renewable energy credit markets, and implementing blockchain technology. The company reduced outstanding debentures by 31% in Q1 2024 and approved a $1 million share repurchase program. Leadership changes feature David Welch as Chairman and Jolie Kahn as CEO, with plans to develop technologies for carbon credits to enhance shareholder value and support sustainable agriculture.

AgriFORCE Growing Systems announces the appointment of Jolie Kahn as Chief Executive Officer. With over 25 years of experience in public markets, Kahn brings a strong background in corporate finance, management, and securities law. Her expertise includes blockchain and cryptocurrency, helping public companies navigate challenges, and playing key roles in complex financial transactions. Kahn aims to leverage AgriFORCE's intellectual property portfolio to drive growth and build long-term shareholder value.

AgriFORCE Growing Systems (NASDAQ: AGRI; AGRIW), an IP-focused AgTech company, has announced a share repurchase program authorized by its Board of Directors.

The program allows the company to buy back up to $1 million worth of common shares over six months, subject to contractual requirements. The Board will review and may extend or increase the program as needed.

Repurchases will be conducted through privately negotiated or open-market transactions, adhering to securities laws and regulations, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. Timing and amount of repurchases will be at the management's discretion, based on market conditions and other factors.

The company is not obligated to repurchase any shares and may suspend or terminate the program at any time.

AgriFORCE Growing Systems has received U.S. Patent #11,997,962 B2 for its 'Automated Growing Systems.' This patent enhances their IP portfolio in agriculture, focusing on indoor growing facilities through the use of conveyor belts and other mechanisms to move production lines of vegetation or flowering plants. The company aims to integrate this technology with their existing innovations to optimize agribusiness operations. Executive Consultant Jolie Kahn emphasized the patent's role in empowering farmers and agribusinesses while building long-term shareholder value.

AgriFORCE Growing Systems completed the delivery of its second-generation AgriForce RCS-Hydroxyl devices, known as the QuadPro, to be introduced into the Mexican market. The device offers multiple advantages including increased airflow, reduced noise levels, lighter weight, and improved design for better movability. The technology aims to eliminate pathogens in food production facilities and indoor farms, improving food safety and reducing food spoilage.

AgriFORCE Growing Systems has received a standard patent from IP Australia for its high fiber, high protein, low carbohydrate flour and technology. The patent was granted on April 4, 2024, under the title 'High fiber, high protein, low carbohydrate flour, sweetened liquid, sweeteners, cereals, and methods for production thereof.' The Company is focused on providing innovative solutions to agricultural challenges and is commercializing its first line of flours under the UN(Think) Awakened Flour Brand. The patented process allows for the production of nutritious flours by lightly germinating wheat and activating enzymes at the optimal time.