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Agriforce Growing Systems Announces Definitive Agreement To Acquire Food Production & Processing Ip From Manna Nutritional Group (Mng)

Sep 15, 2021about 4 years ago

Acquiring Company

AgriFORCE

Acquired Company

Food Production & Processing IP

VancouverFarming

Description

AgriFORCE Growing Systems Ltd. (“the Company”) (Nasdaq: AGRI), an innovative AgTech company focused on developing and acquiring agriculture IP that advances sustainable cultivation and processing for crops across multiple verticals, announces that it has entered into a material definitive agreement to acquire the intellectual property (IP) from Manna Nutritional Group LLC (MNG), a privately held firm based in Boise, Idaho. The IP encompasses patent-pending technologies to naturally process and convert grain, pulses and root vegetables, resulting in low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners and baking enhancers. The core process is covered under a pending patent application in the U.S. and key international markets.

Company Information

Company

AgriFORCE

Location

Vancouver, British Columbia, Canada

About

AgriFORCE Growing Systems Ltd. is an AgTech company focused on building an integrated AgTech platform that combines the best technology, intellectual property, and knowledge to solve an urgent problem – providing the best solutions to help drive sustainable crops and nutritious food for people around the world.

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