AgriFORCE Provides Update on Acquisition of Berry People LLC, a Premier Berry Distributor
14 Luglio 2023 - 2:30PM
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI;
AGRIW), an intellectual property (IP)-focused AgTech company
dedicated to advancing sustainable cultivation and crop processing
across multiple platforms, today announced that following the
recent Binding LOI to acquire Berry People, LLC (“Berry People”),
the parties have mutually agreed to extend the closing date until
the end of August 2023, in order to allow both parties more time to
complete certain closing conditions, including finalization of the
Berry People audit. AgriFORCE and Berry People remain fully
committed to the transaction.
ABOUT BERRY PEOPLE LLC
Berry People is an integrated and branded berry business with an
increasingly global footprint, and a scalable platform model. We
are committed to providing our customers with a balanced portfolio
of all four berries with quality, in brand, organically and
conventionally, and on a year-round basis. Likewise, we are
committed to providing our grower-operators with competitive
distribution at increasing scale over time, the latest in licensed
and developed IP, and with administration and other necessary
resources to build trustworthy farm operations for all members of
our broader Berry People community. Additional information about
Berry People is available at: https://berrypeople.com/
ABOUT AGRIFORCEAgriFORCE Growing Systems Ltd.
(NASDAQ: AGRI; AGRIW) 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. The AgriFORCE vision
is to be a global leader in delivering plant-based foods and
products through an advanced and sustainable agtech platform that
makes positive change in the world—from seed to table. Additional
information about AgriFORCE is available at:
www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements other than
statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.This announcement is for informational
purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy securities of the issuer. Any offer
to sell or solicitation of an offer to buy securities of the issuer
may only be made pursuant to a valid prospectus pursuant to an
effective registration statement or pursuant to a valid exemption
from registration under the Securities Act of 1933, as amended and
the rules and regulations promulgated thereunder.
Company Contact:Ian PedersenTel: (604)
757-0952Email: ipedersen@agriforcegs.com
Investor Relations:Crescendo Communications,
LLCDavid Waldman/Alexandra SchiltTel: (212)
671-1021Email: AGRI@crescendo-ir.com
Media Relations:PeppercommHannah RobbinsTel:
(415) 633-3205Email: AgriFORCE@peppercomm.com
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