AgriFORCE Formally Ends Efforts to Acquire Delphy Group BV
AgriFORCE Growing Systems Ltd. - Common Shares (AGRI)
Company Research
Source: GlobeNewswire
Decision follows extensive due diligence, as well as careful evaluation of projections and market conditions Progressing with alternative M&A transactions which are expected to be highly synergistic and accretive VANCOUVER, British Columbia, June 02, 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 formally ended its efforts to acquire Delphy Group BV., a leading Agriculture and Horticulture consulting firm based in the Netherlands. The mutual decision to end the sales and purchase agreement was reached after extensive due diligence, an evaluation of the historical and projected financials, potential for impairment risk, as well as current market conditions. Based on these factors, a revised purchase price could not be agreed upon by the parties. Ingo Mueller, CEO of Ag
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AGRI
Sec Filings
- 4/12/24 - Form 8-K
- 4/1/24 - Form 10-K
- 2/29/24 - Form 8-K
- AGRI's page on the SEC website