Agriforce Growing Systems Completes Acquisition Of Food Production & Processing Ip From Manna Nutritional Group (Mng)
Acquiring Company
AgriFORCE
Acquired Company
Food Production & Processing IP
Description
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.
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Frequently asked
Who acquired Food Production & Processing IP?
Food Production & Processing IP was acquired by AgriFORCE, based in Vancouver. The deal was reported on May 18, 2022. AgriFORCE Growing Systems Ltd. AgriFORCE is privately held and operates in Farming.
When did AgriFORCE acquire Food Production & Processing IP?
AgriFORCE's acquisition of Food Production & Processing IP was reported on May 18, 2022. AgriFORCE Growing Systems Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Food Production & Processing IP do?
Food Production & Processing IP is the company acquired in this transaction. It is privately held.
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