AgriFORCE issues letter to shareholders

AgriFORCE Growing Systems provided the a letter to shareholders from the Company’s CEO, Ingo Mueller. The letter began "From the outset of and throughout 2022, world events and global challenges including climate change, war, supply chain disruptions, scarcity of water and the rising cost of energy have underscored the importance of a transformative change to agriculture and food systems. It is becoming increasingly evident that having systems in place that allow for adaptation to such circumstances is crucial. With climate change impacting fertile regions in North America and Europe, we are going to need to look to places like Africa and South America, which are having their own challenges of feeding their growing populations". The letter highlights the following milestones: "we closed the acquisition of Manna Nutritional Group"; "we have received shareholder approval for the acquisition of Delphy Groep BV, and as a result this acquisition is expected to close in the upcoming weeks"; " with the licensing agreement for Radical Clean Solutions’ patented technology, we are making important strides in finalizing its application for commercializing a set of solutions and devices to significantly reduce mold, pathogens and spoilage within food and greenhouse facilities, as well as in warehousing and transportation of food and plants"; "we continue to progress toward the acquisition of Deroose"; "with AgriFORCE Growhouse, now referred to as FORCEGH+, we have secured a number of key patents in Canada and the U.S. this year and concluded the purchase of land property in Coachella, California, which will be our site for the deployment of our IP and first U.S. facility". The letter ended, "As we look ahead, we believe we have secured the foundational pieces to transform our business in the near term. We believe 2023 will be a pivotal year in the company’s history and that we have laid the fin 2022 to achieve major achievements and successes in the coming year."