AgriForce Growing Systems Files Q3 2024 10-Q

TL;DR

AGRI's Q3 10-Q is in, check the latest financials for the nine months ending Sept 30, 2024.

AI Summary

AgriForce Growing Systems Ltd. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Key financial data and operational updates are presented for the periods ending September 30, 2024, and September 30, 2023.

Why It Matters

This filing provides investors with the latest financial performance and operational status of AgriForce Growing Systems, crucial for understanding the company's trajectory and investment potential.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's specific industry and financial health can introduce inherent risks.

Key Numbers

• 2024-09-30 — Reporting Period End Date (This is the end date for the financial data presented in the 10-Q.)
• 2024-11-19 — Filing Date (The date the company submitted this quarterly report to the SEC.)

Key Players & Entities

• AGRIFORCE GROWING SYSTEMS LTD. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period for the 10-Q
• 2024-11-19 (date) — Date the 10-Q was filed
• 0001493152-24-046821 (other) — Accession number for the filing

FAQ

Filing Documents

• form10-q.htm (10-Q) — 1769KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• form10-q_001.jpg (GRAPHIC) — 4KB
• form10-q_002.jpg (GRAPHIC) — 18KB
• 0001493152-24-046821.txt ( ) — 7294KB
• agri-20240930.xsd (EX-101.SCH) — 50KB
• agri-20240930_cal.xml (EX-101.CAL) — 75KB
• agri-20240930_def.xml (EX-101.DEF) — 187KB
• agri-20240930_lab.xml (EX-101.LAB) — 381KB
• agri-20240930_pre.xml (EX-101.PRE) — 304KB
• form10-q_htm.xml (XML) — 1184KB

Business

Business Overview AgriFORCE Growing Systems Ltd. ("AgriFORCE" or the "Company") was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company's registered and records office address is at 800 – 525 West 8 th Avenue, Vancouver, British Columbia, Canada, V5Z 1C6. The Company is an innovative sustainable technology focused company that strives to innovate and deliver sustainable technology solutions across a wide array of verticals utilization of our proprietary intellectual property to businesses and enterprises through our AgriFORCE Solutions division ("Solutions") and deliver innovative flour products through our AgriFORCE Brands division ("Brands"). In the third quarter of 2024, the Company bought the assets of the Radical Clean Solutions ("RCS") business for which it had bought an exclusive license to the agricultural industry in 2023. During 2023, the Company commenced efforts to launch its UN(THINK) Awakened Flour, which is a nutritious flour that we believe provides health advantages over traditional flour. While Solutions' legacy focus was to operate in the plant based pharmaceutical, nutraceutical, and other high value crop markets using its unique proprietary facility design and hydroponics based automated growing system that enable cultivators to effectively grow crops in a controlled environment ("FORCEGH+"). it has changed its focus to broaden the use of its proprietary intellectual property across multiple industries. For instance, the Company through its RCS purchase is not able to utilize that technology to deliver solutions across multiple industries, including not only agriculture, but other industries including hospitality, commercial applications, education institutions, residential real estate and transportation. Brands is focused on the development and commercialization of plant-based ingredients and products that d

View Full Filing

View this 10-Q filing on SEC EDGAR