AGRIFORCE GROWING SYSTEMS LTD.
AgriFORCE Growing Systems Ltd. is an agriculture-focused technology company that is developing systems that are intended to deliver innovative, reliable and financially robust solutions for high value crops through its proprietary facility design and automation intellectual property to businesses and enterprises. The company intends to operate in the plant-based pharmaceutical, nutraceutical and other high-value crop markets using its unique proprietary facility design and hydroponics-based automated growing system that enable cultivators to effectively grow crops in a controlled environment.
The company calls its facility design and automated growing system the “AgriFORCE grow house.” The company has designed its AgriFORCE grow house to produce in virtually any environmental condition and to optimize crop yields to as near their full genetic potential possible while substantially eliminating the need for the use of pesticides and/or irradiation.
*Revenue and net loss figures are for the year ended Dec. 31, 2020.
(Note: AgriFORCE Growing Systems Ltd. increased the number of units in its IPO at pricing on July 7, 2021, by pricing 2.72 million units, up from 2.27 million units, at $5 – the bottom of its $5-to-$7 price range – to raise $13.6 million. Each unit consists of one common share and one Series A warrant to purchase one common share. The stock will trade under the symbol “AGRI” and the warrants will trade under the symbol “AGRIW” on NASDAQ, starting Thursday, July 8, 2021.)
|Industry:||Prefabricated Metal Buildings & Components|
|Address||777 Hornby Street, Suite 600 Vancouver, BC V6Z 1S4 Canada|
|Phone Number||(604) 757-0952|
|View Prospectus:||AGRIFORCE GROWING SYSTEMS LTD.|
|Revenues||$0.11 mil (last 12 months)|
|Net Income||$-3.22 mil (last 12 months)|
|Price range||$5.00 - $5.00|
|Est. $ Volume||$13.6 mil|
|Manager / Joint Managers||EF Hutton|
|Expected To Trade:||7/8/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|