(NASDAQ: AGRI; AGRIW) Shares are up on completion of acquisition. Shares are up more than 13% on the closing, and more than 34,000 trades.

AgriFORCE Growing Systems Completes Acquisition of Food Production & Processing IP from Manna Nutritional Group (MNG)

VANCOUVER, British Columbia, May 18, 2022 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (the Company) (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple verticals, today announced it has completed the previously announced acquisition of the intellectual property of Manna Nutritional Group (MNG). 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.

Independent lab testing indicates that MNGs soft white wheat baking flour contains over 30 times the fiber, 3 times the protein, and more than 80% less starch than conventional flour without compromising taste, texture and quality[1]. The Companys initial focus is on wheat, in which the flour has applications for baked goods, breads and snacks.

https://ir.agriforcegs.com/news-events/press-releases/detail/43/agriforce-growing-systems-completes-acquisition-of-food