Why AgriFORCE Growing Systems Stock Is Trading Higher Monday

Zinger Key Points
  • AgriFORCE announced that it received patent approval for its application entitled, "Automated Growing Systems."
  • Patent cover moving several production lines of plants or flowers through conveyor belts and other mechanisms.

AgriFORCE Growing Systems Ltd. AGRI shares are moving higher Monday after the company announced a received patent approval.

What Happened: On Monday before the market opened, AgriFORCE announced that it received approval from the United States Patent Office for its application entitled, “Automated Growing Systems.”

The patent covers moving production lines of either plants or flowers within a growing facility through the use of conveyor belts and other methods. AgriFORCE believes that this technology could be incorporated into some of its other existing innovations for indoor growing facilities.

“This patent adds dynamic value to our ever-expanding portfolio of patented technology aimed at innovating agribusiness,” commented Jolie Kahn, AgriFORCE’s executive turnaround consultant.

“We remain committed to exploring new opportunities to empower farmers and agribusinesses to maximize their market position and build long-term shareholder value for our stakeholders.”

See Also: Bee Vectoring Technology Helps Crops Grow; Partnerships Help BVT Grow

AGRI Price Action: At the time of publication, AgriFORCE stock is up 13.5% at 10 cents per data from Benzinga Pro.

Image: 8206242 from Pixabay

Market News and Data brought to you by Benzinga APIs
Posted In: NewsMoverswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!