AgriForce Growing Systems Ltd. (AGRI) stock prices were up by 3.28% as of the market closing on October 11th, 2021. This brought the price per share up to USD$1.89 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 0.53%, bringing it up to USD$1.90.
October 11th, 2021 saw AGRI stock announce its participation in two upcoming virtual investor conferences. The AgTech company’s CEO, Ingo Mueller, will be representing it in the presentations. The first conference will be the Bernstein Digestible Disruption Conference, which will be held on October 12th, 2021 at 11:00 a.m. EDT. Mr. Mueller will also present at the Global AgTech Virtual Conference on October 14th, 2021.
AGRI Stock’s Acquires MNG
AGRI stock announced having entered into a material definitive agreement with Manna Nutritional Group LLC earlier in September 2021. As per the agreement, the AgTech company acquired the intellectual property (IP) from MNG, which was a privately held firm based in Boise, Idaho. The intellectual property encompasses patent-pending technologies to natural process and convert gain, pulses, and root vegetables. This results in low-starch, low sugar, high protein, fiber rich baking flour products, as well as a myriad of breakfast cereals, juices, natural sweeteners, and baking enhancers. The company’s core process is protected by a pending patent application in the United States and key international markets.
Ahead of the Competition
The all natural process is designed to enhance nutritional properties, flavor, and other quality in a range of modern, ancient, and heritage grains, pulses, and root vegetables. AGRI stock’s independent lab testing indicates that MNG’s soft white wheat baking flour contains up to 46% fiber, 23% protein, and only 8% starch. This results in 45 times more fiber, up to 3 times more protein, with only 11% of the starch found in standard all-purpose baking flour.
AGRI Stock Builds on Success
Resulting products are designed to deliver a substantially lower carbohydrate content as compared to typical processed flour-based food products. The acquisition seeks to further the company’s comprehensive strategy to leverage intellectual property to produce more sustainable, natural, and better quality food, medicine, and plant based products.
Future Outlook for AGRI Stock
AGRI stock reported a promising quarter, which will be consolidated by the increased exposure garnered from its upcoming conference presentations. The company is keen to continue consolidating and expanding its market footprint. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate consistent and organic growth in shareholder value over the long term.