HomeFinancial MarketsWhy AgriFORCE Growing Systems Ltd. (AGRI) stock performed well on Monday?

Why AgriFORCE Growing Systems Ltd. (AGRI) stock performed well on Monday?

AgriFORCE Growing Systems Ltd. (AGRI) shares surged 0.53% in after-hours on Monday, October 11, 2021, and closed the daily trading at $1.90. Even in the regular trading session on Monday, AGRI’s stock gained 3.28%. The stock volume remained 93156.0 shares. AGRI shares have moved down 5.97% in the past week. Over the past three months, the stock has lost 52.15%. The company has a current market of $29.12 million and its outstanding shares stood at 15.41 million.

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AGRI participation in the upcoming events

AgriFORCE Growing Systems Ltd. (AGRI) will participate at Alliance Bernstein Digestible Disruption Conference, which is scheduled for October 12th at 11:00 a.m. EDT. The CEO of AgriFORCE Mr. Mueller will present the company.


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The company will also participate in the Maxim Group Global AgTech Virtual Conference which will be held on October 14, 2021.

AGRI new way to showcase its mission

AgriFORCE Growing Systems Ltd. (AGRI) recently released a video showcasing how it’s transforming agriculture in multiple sectors from growing to the production processes that result in sustainable plant-based products, highlighting its mission of Clean. Green. Better from seed to sale.

AGRI agreement with Manna Nutritional Group

On September 15, 2021, AgriFORCE Growing Systems Ltd. (AGRI) 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.

MOU with Humboldt Bliss

On September 09, 2021, AgriFORCE Growing Systems Ltd. (AGRI), signed a Memorandum of Understanding with Humboldt Bliss, Ltd. According to the MOU, the parties plan to deploy AgriFORCE’s foundational intellectual property, including a proprietary facility design, production and operation technologies, and automated growing system for the cultivation and sale of high value medical and agricultural products into the Caribbean and global pharmaceutical and agriculture markets.

According to the agreement, Humboldt will be responsible for securing the project’s land and facilities operations, while AgriFORCE will be responsible for the construction and providing the full Standard Operating Procedures of the AgriFORCE Grow House.

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Conclusion

Well, as of this writing, there is no recent news or development which could justify its recent gains on Monday. We expect it to continue its positive momentum in the coming trading days as well.

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