Agriforce Stock Price, News & Analysis

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced the granting of a patent titled “Automated Growing Systems” by the USPTO, enhancing its intellectual property portfolio. This patent specifically covers the grow channel component in its FORCEGH+ controlled environment agriculture facility, aimed at achieving higher crop yields sustainably. CEO Ingo Mueller emphasized its role in developing the first Coachella Campus, marking a significant milestone for the company as it progresses towards revolutionizing agriculture through advanced systems.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has appointed André J. Beaulieu as General Counsel, effective October 4, 2022. Beaulieu brings over 20 years of experience in legal roles, particularly in M&A activities. He will oversee all legal operations and work closely with the executive team and Board of Directors to bolster AgriFORCE's merger and acquisition strategy. CEO Ingo Mueller emphasized the strategic importance of Beaulieu's role amid ongoing growth and acquisition targets, aiming to establish AgriFORCE as a leader in integrated agtech.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has amended its acquisition agreement with Delphy Groep BV, reducing the total purchase price from USD $29 million to USD $17.66 million plus an earnout of up to USD $5.99 million over two years based on performance milestones. The closing date has been extended to allow for shareholder approval. CEO Ingo Mueller expressed optimism about operational synergies and the transformative potential of this acquisition, emphasizing mutual confidence in future business outcomes.

AgriFORCE Growing Systems has entered a three-way agreement with Stronghold Power Systems and Stronghold Engineering to develop a 34-acre Coachella Campus for controlled environment agriculture. At full operation, the new facilities could yield over $40 million annually in IP royalties and leasing fees. The land acquisition will cost $2.8 million in stock and $1.5 million in cash, reducing capital expenditures by $4.8 million. The campus aims to provide job opportunities and produce high-quality crops using advanced agricultural technologies.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) announced that its CEO Ingo Mueller and President Mauro Pennella will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. The presentation will be available on-demand starting at 7:00 AM ET on September 12. The company focuses on advancing sustainable cultivation and crop processing technologies across North America, Europe, and Asia, aiming to lead in delivering plant-based foods and products.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has launched un(Think) Awakened Flour, a nutritious flour made through a patent-pending process that enhances taste and digestibility. This flour is expected to be available in late 2022 for consumers and businesses in the U.S. and Canada. The proprietary process allows for the careful germination of wheat, maximizing nutritional benefits. AgriFORCE plans to expand its un(Think) Food brand with additional products, including Power Flour expected in 2023 and is establishing operations in Saskatoon, Saskatchewan.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has been granted a patent for its proprietary growing facility design, the AgriFORCE GrowHouse, by the Canadian Intellectual Property Office. This patent covers 20 claims related to innovative features for growing plants, including energy-efficient structures and advanced hydroponics. The design aims to meet Good Manufacturing Practices for pharma-grade crops in extreme weather. The patent strengthens the company's intellectual property portfolio, positioning it as a leader in sustainable AgTech.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) will have its CEO, Ingo Mueller, presenting at the Benzinga All Access event on July 22, 2022, at 11:40 A.M. Eastern Time. The event focuses on AgriFORCE's mission to enhance sustainable cultivation and crop optimization through advanced technology and intellectual property. The live broadcast can be accessed via a provided link, with an archived recording available on AgriFORCE's investor relations website. The company aims to address global food sustainability challenges through innovative agtech solutions.

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) has appointed Hernando Ruiz-Jimenez as General Manager of un(Think) Foods. His focus will be on the development and commercial launch of innovative wheat flour products that are 100% natural, featuring significantly higher fiber and protein content while reducing carbs by 70%. Ruiz-Jimenez brings a wealth of experience from companies like PepsiCo and Diageo. AgriFORCE is preparing for a pilot test of its branded products by late 2022, aiming to enhance the sustainable food market.