AgriFORCE Engages TerraProtein Equity Partners to Provide Strategic Advisory Services Related to Planned Acquisitions

TerraProtein brings a proven track record supporting M&A within the food and agricultural industries

VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused agtech company dedicated to advancing sustainable cultivation practices and food and plant products, today announced that it has engaged TerraProtein Equity Partners B.V. (“TerraProtein”), a premier advisory firm focused on the food and agricultural industry, to support the planned acquisitions in progress.

According to the Managing Director at TerraProtein, Marijn Hendrickx, “We believe in investing in companies for the long-term, and in building lasting relationships with our clients. Our approach allows us to support companies through multiple stages of growth and ensure their success over the long term. TerraProtein’s wide geographic experience and strong track record match perfectly in support of AgriFORCE’s global expansion activities. We look forward to working closely with AgriFORCE to not only support the M&As in progress, but to also maximize the tremendous value of these assets for years to come.”

Ingo Mueller, CEO of AgriFORCE, said, “We are making continued progress in the due diligence of our M&A activities, which will allow us to expand our offerings to customers. TerraProtein bring a highly focused skillset in advancing and helping complete transactions, which we believe will be invaluable in helping us achieve our goals and ensure a successful completion of our acquisitions in progress.”

ABOUT AGRIFORCE

AgriFORCE 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.