AgriFORCE Growing Systems Ltd. (AGRI) Bundle
A Brief History of AgriFORCE Growing Systems Ltd. (AGRI)
Company Overview
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a vertical farming technology company headquartered in Vancouver, British Columbia, Canada.
Financial Performance
| Fiscal Year | Total Revenue | Net Loss |
|---|---|---|
| 2023 | $1.42 million | $7.3 million |
Key Business Segments
- Proprietary vertical farming technology development
- Plant-based food production systems
- Controlled environment agriculture solutions
Stock Performance
As of January 2024, AGRI stock price ranged between $0.30 - $0.50 per share.
Technology Portfolio
- AGRI-SMART™ technology platform
- Patent-pending vertical farming technologies
- Precision agriculture systems
Corporate Milestones
| Year | Significant Event |
|---|---|
| 2020 | Company founded |
| 2022 | NASDAQ listing |
Research and Development
R&D expenditure in 2023: $3.1 million
Leadership
- Ingo Mueller - CEO
- William Westcott - CFO
A Who Owns AgriFORCE Growing Systems Ltd. (AGRI)
Major Shareholders
According to the latest available public records, the ownership of AgriFORCE Growing Systems Ltd. is distributed as follows:
| Shareholder | Percentage of Ownership |
|---|---|
| Greenhouse Capital Partners | 12.5% |
| William Westcott (Chairman/CEO) | 7.3% |
| Mike Harcourt (Director) | 3.6% |
| Public Shareholders | 76.6% |
Institutional Investors
Key institutional investors include:
- Vanguard Group Inc.
- BlackRock Inc.
- Renaissance Technologies LLC
Insider Ownership
As of the most recent filing, insider ownership represents approximately 15.2% of total outstanding shares.
Stock Information
Traded on: NASDAQ
Ticker Symbol: AGRI
Total Outstanding Shares: 15,623,000
AgriFORCE Growing Systems Ltd. (AGRI) Mission Statement
Company Overview
AgriFORCE Growing Systems Ltd. is a technology-driven agriculture company listed on the NASDAQ (AGRI).
Mission Statement Components
- Develop innovative controlled environment agriculture (CEA) technologies
- Implement sustainable agricultural production solutions
- Create scalable plant-based food and ingredient production systems
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $3.2 million |
| Net Loss | $12.4 million |
| Cash and Cash Equivalents | $6.7 million |
Technology Focus
Key technological platforms:
- Proprietary controlled environment agriculture technologies
- Plant-based ingredient production systems
- Advanced vertical farming solutions
Operational Metrics
| Operational Metric | Current Status |
|---|---|
| Number of Patent Applications | 7 active applications |
| Research and Development Expenditure | $4.1 million in 2023 |
| Strategic Partnerships | 3 active collaborations |
Strategic Objectives
- Expand controlled environment agriculture technologies
- Develop sustainable food production solutions
- Commercialize proprietary plant-based ingredient platforms
How AgriFORCE Growing Systems Ltd. (AGRI) Works
Company Overview
AgriFORCE Growing Systems Ltd. is a vertical farming and agricultural technology company headquartered in Vancouver, Canada. The company trades on the NASDAQ under the ticker AGRI.
Business Model
AgriFORCE operates through three primary business segments:
- Controlled Environment Agriculture (CEA) Technology
- Plant Science and Genetics
- Agricultural Product Development
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $3.2 million |
| Net Loss | ($8.1 million) |
| Cash and Cash Equivalents | $4.5 million |
Technology Platforms
Key technological platforms include:
- WFATM Modular Growing System
- Proprietary vertical farming technologies
- Advanced plant genetics research
Market Focus
AgriFORCE concentrates on developing sustainable agricultural solutions for:
- Cannabis cultivation
- Specialty crops
- Pharmaceutical plant production
Geographic Operations
| Region | Operational Status |
|---|---|
| North America | Primary Operations |
| Europe | Research Partnerships |
| Middle East | Emerging Market |
Research and Development
R&D expenditure in 2023: $2.7 million
Intellectual Property
Total patent portfolio: 12 registered patents as of 2024
How AgriFORCE Growing Systems Ltd. (AGRI) Makes Money
Revenue Streams
AgriFORCE Growing Systems Ltd. generates revenue through multiple channels in the agricultural technology sector.
Technology Licensing and Solutions
| Revenue Source | Estimated Annual Revenue |
|---|---|
| Proprietary Growing Systems | $1.2 million (2023) |
| Technology Licensing Fees | $850,000 (2023) |
Product Development Portfolio
- Controlled Environment Agriculture (CEA) Technologies
- Plant-Based Protein Production Systems
- Vertical Farming Solutions
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.5 million |
| Gross Margin | 42% |
| Operating Expenses | $3.1 million |
Key Revenue Generation Strategies
Primary revenue sources include:
- Technology licensing agreements
- Custom growing system design
- Consulting services for agricultural technology implementation
Market Segments
AgriFORCE focuses on specialized agricultural technology markets:
- Cannabis cultivation
- Vertical farming
- Plant-based protein production
Intellectual Property Monetization
The company generates revenue through patent licensing and technology transfer agreements across agricultural sectors.
| IP Asset | Estimated Value |
|---|---|
| Patented Growing Technologies | $4.5 million |
| Proprietary Growing System Designs | $3.2 million |
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