AgriForce Growing Systems Ltd. is an agriculture technology company focused on sustainable and regenerative farming practices, developing advanced agricultural systems and products, with a small public float and leadership aligned with Nasdaq standards.

# Company Summary - AgriForce Growing Systems Ltd.

**Overview:**
- **Name:** AgriForce Growing Systems Ltd.
- **Location:** Vancouver, BC, Canada
- **Incorporation:** British Columbia
- **Stock Symbol:** AGRI (NASDAQ Capital Market)

**Business Focus:**
- The company is involved in the agriculture technology industry, with specific focus on sustainable and regenerative agricultural practices.
- It operates under the brand **AgriFORCE™** and is engaged in developing and commercializing advanced agricultural systems and products.

**Leadership & Governance:**
- **CEO:** Jolie Kahn
- **Key Executives:** Includes Chief Financial Officer (Chris Polimeni), Chief Marketing Officer and President of AgriFORCE™ Brands (Mauro Pennella), and others with extensive backgrounds in corporate finance, consumer goods, pharmaceutical industries, and agriculture.

**Number of Employees:**
- The document does not specify the total number of employees.

**Customers and Market:**
- The document does not provide specific information about the number of customers or details about market penetration.

**Financials (as of December 31, 2024):**
- **Outstanding Shares:** 1,740,064
- **Market Value (June 30, 2024):** Approximately $7,455,166
- **Revenue, Net Income, and Other Financial Metrics:** Not provided
- **Recent Financial Activity:**
  - The company has engaged in legal and consulting services, with related-party transactions totaling around $600,000 as of December 31, 2024, and legal expenses recorded in the past year.
  - The company paid aggregate auditing fees of approximately $242,308 in 2024 and $196,200 in 2023.
  
**Other Notes:**
- The company is classified as a **Smaller Reporting Company** and an **Emerging Growth Company**.
- It does not report specific operational metrics such as sales volumes, customer counts, or gross revenue within this document.

**Summary:**
AgriForce Growing Systems Ltd. is an agriculture technology company specializing in sustainable farming practices, with a focus on developing advanced agricultural systems. It has a small public float (around 1.7 million shares) and is involved in executive and board governance aligned with Nasdaq standards. No specific details on revenue, customer base, or profit are provided in this filing.

AgriFORCE™ is an innovative Ag-Tech company that develops proprietary technologies and plant-based products aimed at enhancing the agricultural industry and promoting healthier food options.

# Summary of AgriFORCE™

## Overview
AgriFORCE™ is an "Ag-Tech" company focused on developing and utilizing proprietary intellectual property (IP) to enhance the agricultural industry. The company's operations are structured into two primary divisions: **AgriFORCE™ Brands** and **AgriFORCE™ Solutions**. 

### AgriFORCE™ Brands
- **Core Focus**: Development and commercialization of plant-based ingredients and products for more nutritious food.
- **Key Product Lines**:
  - **Awakened Flour™**: A germinated whole grain flour that boasts significant health benefits—40 times more fiber, three times more protein, and 75% less net carbohydrates than standard all-purpose flour.
  - **UN(THINK)™ Foods**: Includes a range of specialized products using the patented process to produce various baking flours, sweeteners, and ready-to-eat options.
  
#### Market and Commercialization
- **Target Customers**: Canadian and U.S. bakeries, baked goods companies, and direct-to-consumer channels. 
- **Sales Channels**: Both Business-to-Business (B2B) and Business-to-Consumer (B2C).
- **Current Customers**: Engaging with several U.S. and Canadian bakeries for product testing and inclusion in manufacturing operations.

### AgriFORCE™ Solutions
- **Core Focus**: Revolutionizing modern agriculture with controlled environment agriculture (CEA) equipment, specifically the FORCEGH+™ solution.
- **Technological Integration**: Incorporates artificial intelligence and blockchain to improve financial systems for commercial farmers and advance the Hydroxyl clean room systems to reduce pathogen spread in food processing.
- **Customer Engagement**: Involvement with commercial farmers in diverse environments, including potential joint ventures and licensing agreements.

### Financial Highlights
- **Revenue Generation**: Generated initial revenue in late 2023 through sales of hydroxyl generating devices and expects to ramp up sales in both UN(THINK)™ products and Hydroxyl Systems.
- **Losses**: Recorded an accumulated deficit of approximately **$44.5 million** at the end of 2023, indicating ongoing operational challenges.
- **Employees**: As of April 1, 2024, AgriFORCE™ has **7 employees** and **3 contractors**, with plans to hire additional personnel as operations expand.
- **Operational Growth**: Focused on organic growth and partnership expansion to strengthen market presence.

### Business Strategy
- **Growth Plan**: Four-phase commercialization strategy aimed at scaling production and expanding product lines.
  - **Phase 1** (Completed): Product testing, patent filing, and establishment of branding.
  - **Phase 2**: Launch of UN(THINK)™ products and partner qualifications in the U.S. and Canada.
  - **Phase 3**: Develop new products including pulse/legume flours and expand manufacturing.
  - **Phase 4**: Global expansion beyond the North American market.
  
### Market Opportunity
The company aims to capture small percentages of substantial global markets like:
- **Breads & Bakery**: Estimated size of $235 billion.
- **Whole Wheat Flours**: Estimated size of $72 billion.
- **Cereals**: ~ $23 billion.
- **Health and Nutrition Products**: Increasing consumer demand for nutritious food options.

### Recent Developments
- **Management Changes**: Restructuring in mid-2023, with significant executive changes.
- **Acquisition and Partnerships**: The company signed agreements for technology licenses and distribution, while actively evaluating merger and acquisition opportunities in the Ag-Tech space.

### Conclusion
AgriFORCE™ is positioned at the intersection of technology and agriculture, with committed strategies towards developing sustainable agricultural products and solutions. Their innovative approaches and health-focused product lines align with increasing consumer demand for nutrition and sustainability in food production. However, existing operational losses and the need for expansion in staffing and capital remain pivotal challenges as they work towards profitability.

AGRIFORCE GROWING SYSTEMS LTD.

10-K / April 29, 2025

10-K / April 1, 2024

10-K / April 29, 2025

Company Summary - AgriForce Growing Systems Ltd.