AgriFORCE Growing Systems .(AGRI)
Search documents
Fresh Del Monte Produce Inc. and THACO AGRI Sign Strategic Sourcing Partnership for Bananas
Businesswire· 2025-11-26 12:30
Core Insights - Fresh Del Monte Produce Inc. has entered a strategic partnership with THACO AGRI to enhance its banana sourcing capabilities and expand its presence in Southeast Asia [1][2][3] Company Overview - Fresh Del Monte Produce Inc. is a leading vertically integrated producer, marketer, and distributor of fresh fruits and vegetables, operating in over 80 countries [8] - THACO AGRI is part of THACO Group, a major agricultural producer in Vietnam and Cambodia, with over 85,000 hectares of farming operations [4][6] Partnership Details - The agreement establishes a long-term sourcing partnership for bananas and includes plans for dedicated pineapple cultivation areas to meet Fresh Del Monte's demand [2][3] - The partnership aims to strengthen Fresh Del Monte's sourcing diversification strategy and address global production challenges in the banana industry [3][5] Strategic Goals - The collaboration aligns with Fresh Del Monte's strategy to build a resilient and diversified supply network, enhancing supply-chain stability [3] - THACO AGRI's vision is to become the leading agricultural corporation in ASEAN by 2027, which complements Fresh Del Monte's operational goals [4][5] Operational Synergies - The partnership will enable THACO INDUSTRIES to collaborate with Fresh Del Monte on mechanization and automation solutions, improving agricultural productivity and operational efficiency [4]
AgriFORCE Growing Systems .(AGRI) - 2025 Q3 - Quarterly Report
2025-11-14 21:08
Bitcoin Mining Operations - The company entered the sustainable Bitcoin mining industry in 2024, acquiring three facilities with a total of 1,522 BITMAIN Antminer units, powered by sustainable energy [164][180]. - The average cost of Bitcoin mined is approximately $51,031, with Alberta generating 1 BTC every 59 days at a cost of $40,300, and Ohio generating 1 BTC every 19.6 days at a cost of $54,600 [193]. - The company has established a Bitcoin treasury strategy, holding up to 50% of mined assets, and has only sold three BTC to maintain operations [190]. - The company completed the acquisition of a Bitcoin mining facility in Alberta for $1.5 million and a facility in Ohio for $4.765 million, enhancing its commitment to sustainable energy solutions [186][187]. - The acquisition of the Redwater Bitcoin Mining Facility increased the Company's hash rate by over 600% [195]. - Revenue from bitcoin mining for the three months ended September 30, 2025, was $525,914, and for the nine months, it was $1,250,592, with the Company mining 4.7 BTC and 12.2 BTC respectively [207]. - The Company created new job opportunities in advanced technology and sustainable agriculture, addressing workforce development needs in Ohio [197]. Financial Performance - Total operating expenses for the three months ended September 30, 2025, decreased by $2.3 million, or 43%, compared to the same period in 2024 [210]. - Operating expenses for the nine months ended September 30, 2025, decreased by $0.8 million, or 8%, compared to the same period in 2024 [211]. - Net loss of $16,557,023 recorded for the nine months ended September 30, 2025, with an accumulated deficit of $77,339,142 [218]. - Net cash used in operating activities increased by $2,005,085, totaling $5,434,274 for the nine months ended September 30, 2025 [221]. - Net cash used in investing activities was $5,516,822, including $4,765,000 for the Bald Eagle Bitcoin Mining Acquisition [224]. - Net cash provided by financing activities was $11,465,126, primarily from net proceeds of debentures totaling $9,795,000 [225]. Expenses and Compensation - Share-based compensation increased by $1,074,556, or 1,691%, during the three months ended September 30, 2025 [210]. - Share-based compensation increased by $1,218,932, or 955%, due to compensation issued to the Board of Directors, CEO, and CFO [212]. - Wages and salaries increased by $427,109, or 35%, due to increased staffing for Bitcoin mining and corporate [212]. - Consulting expenses decreased by $137,719, or 42%, due to limited services obtained from outside consultants [212]. - Research and development expenses decreased by $13,688, or 269%, due to settlement and write-off of RCS related expenses [212]. - Total other expenses increased by $5,783,940, or 3,800%, for the three months ended September 30, 2025 compared to the same period in 2024 [213]. - Intangible asset impairment of $4,137,271 did not reoccur in the nine months ended September 30, 2025 [212]. Strategic Initiatives - The company’s UN(THINK)™ Awakened Flour™ product line has been developed, offering enhanced nutrition with over five times more fiber and up to two times more protein compared to conventional flour [177]. - The company has established supply chain logistics with warehouses in Canada and the US, and is in discussions with bakeries for product integration [169]. - The company’s modular architecture allows for cryptocurrency mining and tailored compute capabilities for AI and edge computing [168]. - The company is developing a plan to utilize waste heat from mining operations for aquaculture, aiming to produce shrimp and micro-greens [182][185]. - The Company plans to rely on exemptions provided by the JOBS Act, including delaying the adoption of certain accounting standards [204]. - The Company appointed Peter Wylie as Chief Operating Officer effective November 5, 2025, bringing significant operational financial experience [200]. - The Company is committed to enhancing food security in Ohio, where over 14% of households face food insecurity challenges [197].
EXCLUSIVE: Anthony Scaramucci Predicts Trend Line Of Memecoins Will Be Toward Zero — 'Not My Business' To Trade In 'Rapid Speculation'
Benzinga· 2025-11-07 06:27
Core Viewpoint - Anthony Scaramucci predicts that meme coins will trend toward zero due to their lack of utility [1][2]. Group 1: Meme Coins - Scaramucci expresses skepticism about the utility of meme coins, specifically mentioning the Official Trump token as an example [2]. - He emphasizes that while he supports the right to trade meme coins, he believes their overall trend will decline [2][3]. Group 2: Other Cryptocurrencies - Scaramucci regards Bitcoin as a "digital property" and "digital gold," affirming its established reputation [3]. - He is optimistic about Ethereum and Solana, indicating a positive outlook on their future [4]. - SkyBridge Capital's strategy involves selecting three to five Layer-1 tokens expected to gain adoption and utility over the next five years [3].
AgriFORCE Growing Systems (AGRI) Announces Completion of PIPE Financing, Becomes the First Publicly-Traded Avalanche-Focused Company on Nasdaq
Prnewswire· 2025-11-05 21:30
Core Insights - AgriFORCE Growing Systems Ltd. has successfully closed its PIPE Financing, becoming the first publicly-traded company focused on the Avalanche blockchain ecosystem [1][3] - The transaction, initially announced on September 22, 2025, represents a significant milestone in the company's transformation into an institutional-grade vehicle for investors [2][3] - The company aims to provide public market investors with regulated access to the Avalanche ecosystem, enhancing its position in digital financial innovation [3] Company Strategy - The company plans to build a significant position in AVAX tokens through its PIPE financing and additional capital initiatives, including an at-the-market program [5] - AgriFORCE will be renamed AVAX One, focusing on maximizing AVAX per-share accretion for shareholders through a disciplined approach to digital asset treasury [7] - The company is advised by veterans from institutional finance and the digital asset industry, positioning itself as a premier gateway for public market investors [7] Avalanche Blockchain - Avalanche is a high-speed, institutional-grade blockchain that serves as a foundational digital settlement layer for future finance [4] - The technology is utilized by major financial institutions like KKR, Apollo, and J.P. Morgan Chase for tokenizing real-world assets [4] - The network is secured by over $6.9 billion in staked assets, indicating strong institutional backing [4]
AgriFORCE Growing Systems (AGRI) Announces Shareholder Approval in Support of First Publicly-Traded Avalanche-Focused Company on Nasdaq
Prnewswire· 2025-10-27 20:30
Core Viewpoint - AgriFORCE Growing Systems Ltd. has received shareholder approval to proceed with a transaction aimed at becoming the first publicly-traded company focused on maximizing ownership of AVAX, the native token of the Avalanche network [1][2]. Group 1: Shareholder Approval and Transaction Details - Over 95% of voted shares supported the transaction, which includes a private investment of approximately $300 million led by Hivemind Capital [2][3]. - The transaction is expected to close around October 30, 2025, pending customary closing conditions [2]. Group 2: Strategic Vision and Company Rebranding - Following the transaction, the company will be renamed AVAX One, reflecting its new focus on the Avalanche ecosystem [3][6]. - The strategic vision aims to create long-term value through innovation and a results-driven approach in the evolving financial markets [3]. Group 3: Business Model and Financial Strategy - The company's goal is to accumulate over $700 million worth of AVAX tokens, positioning itself as a foundational partner in the Avalanche ecosystem [5]. - The capital raise strategy includes the approved $300 million PIPE and plans to raise an additional $250 million through various measures [5]. Group 4: Avalanche Ecosystem and Market Position - Avalanche is described as a high-speed, institutional-grade blockchain that enables major financial institutions to launch compliant blockchains for tokenizing real-world assets [4]. - The network is secured by over $6.9 billion in staked assets, indicating a robust foundation for future growth [4].
UAE’s M2 Capital Invests $21m in Nasdaq-listed AVAX One
Crowdfund Insider· 2025-10-20 03:09
Core Insights - M2 Capital invested $21 million in AVAX One, a Nasdaq-listed digital asset treasury focused on accumulating AVAX, the native token of the Avalanche blockchain, to support network growth and digital asset adoption in the Middle East [1][3] - AVAX One has rebranded from AgriFORCE Growing Systems Ltd. and aims to maximize holdings of AVAX to participate in Avalanche's ecosystem through staking and liquidity provisioning [2][5] - The investment aligns with M2 Capital's strategy to bridge blockchain innovation with compliance-led demand in the MENA region, enhancing market access and institutional onboarding [3][4] Company Developments - M2 Capital's investment is part of a broader trend among regional institutions seeking exposure to regulated digital asset infrastructure, reflecting increased interest in tokenized products [4] - The partnership aims to enhance network security and create new adoption opportunities through coordinated treasury activities and ecosystem development [6] - Financial terms beyond the initial investment were not disclosed, and no specific timeline for future capital deployments or initiatives was provided [6] Industry Context - Avalanche is a layer-1 blockchain designed for high-throughput and low-latency applications, with AVAX serving as the core economic token for transaction fees, staking, and security [5] - The pivot of AVAX One indicates a growing interest among listed entities to adopt treasury strategies focused on a single network's token economics while leveraging public-market visibility [5]
Advisor To Trump Family's World Liberty Financial Opened A Bold 10x Long Bet On Avalanche — Here's How Much They Have Gained
Benzinga· 2025-09-24 09:29
Core Insights - A significant long bet on Avalanche (AVAX) was made by an advisor to the Trump family-backed cryptocurrency platform World Liberty Financial, following the announcement of the first publicly traded AVAX-focused treasury company [1][3]. Group 1: Investment Activity - An individual, known as Ogle, opened a 10x leveraged long position on AVAX worth $2.2 million, with an entry price of $33.8835. The current price has risen to $34.146, resulting in an unrealized profit of $17,445 [2]. - The recent price surge of AVAX reached an 8-month high of $35.91 after the announcement of the new treasury firm [4]. Group 2: Company Developments - AgriFORCE Growing Systems Ltd. has rebranded as AVAX One, establishing the first publicly traded company focused on accumulating AVAX, with plans to raise approximately $550 million [3]. - The advisory board of the new venture will be led by Anthony Scaramucci, a prominent advocate for cryptocurrency and founder of SkyBridge Capital [3]. Group 3: Market Reactions - Following the announcement, AGRI stock experienced a nearly 75% increase, although it later slipped 2.85% in after-hours trading after closing 26.53% lower at $4.210 during regular trading [4].
Morning Market Movers: SLE, GLTO, SSKN, IPDN See Big Swings
RTTNews· 2025-09-23 11:58
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Super League Enterprise, Inc. (SLE) increased by 170% to $8.86 [3] - Galecto, Inc. (GLTO) rose by 93% to $5.80 [3] - STRATA Skin Sciences, Inc. (SSKN) saw an 85% increase to $3.15 [3] - Professional Diversity Network, Inc. (IPDN) gained 69% reaching $4.85 [3] - Soluna Holdings, Inc. (SLNH) was up 33% at $2.81 [3] - Better Home & Finance Holding Company (BETR) increased by 29% to $64.80 [3] - MicroCloud Hologram Inc. (HOLO) rose by 23% to $6.87 [3] - Cassava Sciences, Inc. (SAVA) increased by 17% to $2.73 [3] - Werewolf Therapeutics, Inc. (HOWL) saw a 12% rise to $2.06 [3] - Skyline Builders Group Holding Limited (SKBL) was up 9% at $3.67 [3] Premarket Losers - Psyence Biomedical Ltd. (PBM) decreased by 18% to $3.70 [4] - Diginex Limited (DGNX) fell by 16% to $14.78 [4] - Qualigen Therapeutics, Inc. (QLGN) dropped 17% to $4.58 [4] - Boxlight Corporation (BOXL) saw a 17% decline to $3.94 [4] - AgriFORCE Growing Systems Ltd. (AGRI) decreased by 15% to $4.86 [4] - Firefly Aerospace Inc. (FLY) fell by 10% to $44.50 [4] - ARB IOT Group Limited (ARBB) decreased by 10% to $9.11 [4] - Sharps Technology, Inc. (STSS) saw an 8% decline to $7.24 [4] - CAMP4 THERAPEUTICS CORPORATION (CAMP) dropped by 6% to $2.58 [4] - Bollinger Innovations, Inc. (BINI) decreased by 5% to $8.00 [4]
Anthony Scaramucci Calls Avalanche The 'Swiss Army Knife' Of Layer-1 Blockchains, Made A 'Big Bet' On Ethereum Killer Because Of This Reason
Benzinga· 2025-09-23 03:21
Core Insights - Anthony Scaramucci, strategic advisor of AgriFORCE Growing Systems Ltd., expressed optimism about Avalanche (AVAX), referring to it as the "Swiss army knife" among Layer-1 networks [1][3] - Scaramucci highlighted a significant investment in Avalanche due to its tokenization potential, noting that many corporate CTOs are adopting it for tokenizing funds and assets [2] - The Avalanche network is experiencing growing interest, with Scaramucci stating that its "moment is coming" and considering AVAX a high-quality asset in his cryptocurrency portfolio [4] Company Insights - AgriFORCE shares experienced a decline of 7.08% in after-hours trading, following a substantial increase of 134.44% to $5.650 during regular trading [6] - The stock is currently lagging in Momentum and Growth parameters compared to leading cryptocurrency treasury firms [6] Industry Insights - Avalanche, launched in 2020, aims to provide scalable and secure infrastructure for decentralized applications and smart contracts [5] - BlackRock's tokenized fund has expanded its use to the Avalanche blockchain, indicating institutional interest in the network [5] - As of the latest data, AVAX was trading at $33.29, reflecting a 4.78% increase and a 27% surge over the past month [5]
This Penny Stock Is Betting Big on the Avalanche Crypto. Should You Buy Shares Here?
Yahoo Finance· 2025-09-22 18:30
Core Viewpoint - AgriFORCE (AGRI) shares experienced a significant increase, more than tripling in value, following the announcement of a crypto treasury strategy aimed at raising approximately $550 million to invest in AVAX tokens [1][3]. Group 1: Company Strategy - AgriFORCE plans to onboard fintech businesses onto the Avalanche network, aiming to create a "Berkshire Hathaway of the on-chain economy" [4]. - The company has appointed notable figures such as Anthony Scaramucci and Brett Tejpaul to its strategic advisory board, which investors view positively [3]. Group 2: Market Reaction - At one point, AgriFORCE stock was trading nearly 310% higher compared to its year-to-date low, although it later pared back some gains [2]. - The crypto treasury initiative positions AGRI stock as a publicly traded gateway to institutional-grade blockchain infrastructure, appealing to crypto investors [3][4]. Group 3: Financial Considerations - Despite the positive market reaction, AgriFORCE is characterized as a micro-cap penny stock with troubling financials, leading to concerns about volatility and potential manipulation [5][6]. - The company currently lacks coverage from Wall Street analysts, and its minimal revenue and lack of sustained profitability suggest that the shares may be overvalued at current levels [6].