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AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products that deliver healthier and nutritious solutions. The company operates in AgriFORCE Solutions and AgriFORCE Brands segments. It offers controlled environment agriculture equipment; management advisory services; and holds intellectual property, as well as engages in the real estate holding and development business; and food products manufacturing activities. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -12.87M | -6.64M | -3.22M | -5.12M | -2.74M |
| Net income | -9.48M | -7.13M | -3.10M | -5.12M | -2.74M |
| Selling general administrative | 12.35M | 6.37M | 3.20M | 3.81M | 1.75M |
| Selling and marketing expenses | 0.39M | - | - | - | - |
| Gross profit | -13.66M | -0.37M | - | - | - |
| Reconciled depreciation | 0.02M | 0.01M | 0.01M | 0.01M | 0.00M |
| Ebit | -13.66M | -6.93M | -3.33M | -5.12M | -2.70M |
| Ebitda | -13.56M | -7.29M | -3.46M | -5.10M | -2.70M |
| Depreciation and amortization | 0.10M | -0.36M | -0.13M | 0.02M | 0.00M |
| Operating income | -13.66M | -6.93M | -3.33M | -5.12M | -2.74M |
| Other operating expenses | 13.66M | 6.93M | 3.35M | 5.12M | 2.72M |
| Interest expense | 3.40M | 0.48M | 0.00M | 0.00M | 0.00M |
| Net interest income | -3.40M | -0.48M | - | - | - |
| Income tax expense | -3.40M | 0.48M | -0.12M | 0.00M | 0.02M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 13.66M | 6.93M | 3.35M | 5.12M | 2.72M |
| Cost of revenue | 13.66M | 0.37M | - | - | - |
| Total other income expense net | 0.78M | 0.29M | 0.11M | -0.00M | -0.02M |
| Net income from continuing ops | -12.87M | -6.64M | -3.22M | -5.12M | -2.74M |
| Net income applicable to common shares | -12.87M | -7.38M | -4.17M | -5.57M | -2.74M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 17.37M | 21.85M | 11.77M | 3.37M | 4.37M |
| Intangible assets | 12.73M | 13.09M | 1.48M | - | - |
| Other current assets | 0.27M | 0.05M | 0.06M | 0.04M | 0.09M |
| Total liab | 8.80M | 11.30M | 3.77M | 1.96M | 1.38M |
| Total stockholder equity | 8.56M | 10.54M | 8.00M | 1.40M | 2.99M |
| Deferred long term liab | - | - | - | 0.39M | - |
| Other current liab | 1.36M | 0.65M | 1.87M | 0.94M | 0.45M |
| Common stock | 49.83M | 27.14M | 25.64M | 5.70M | 3.73M |
| Capital stock | 49.83M | 27.14M | 25.64M | 12.41M | 10.44M |
| Retained earnings | -44.51M | -32.77M | -19.90M | -12.52M | -8.35M |
| Other liab | - | 4.65M | 1.43M | - | - |
| Other assets | - | 2.09M | 0.05M | 0.39M | - |
| Cash | 3.88M | 2.27M | 7.78M | 0.65M | 2.16M |
| Total current liabilities | 6.04M | 5.36M | 2.29M | 1.93M | 1.38M |
| Current deferred revenue | 0.02M | - | - | - | - |
| Net debt | 0.25M | 3.24M | -7.73M | -0.62M | -2.16M |
| Short term debt | 4.08M | 4.21M | - | - | - |
| Short long term debt | 4.08M | 3.94M | - | - | - |
| Short long term debt total | 4.13M | 5.51M | 0.05M | 0.03M | - |
| Other stockholder equity | 3.47M | 16.82M | 2.30M | 1.39M | 0.74M |
| Property plant equipment | - | 3.75M | 2.12M | 2.10M | 2.07M |
| Total current assets | 4.22M | 2.92M | 8.12M | 0.88M | 2.30M |
| Long term investments | 0.22M | - | - | - | - |
| Net tangible assets | - | -2.55M | 6.52M | -5.31M | -3.72M |
| Net receivables | 0.03M | 0.05M | 0.03M | 0.01M | 0.05M |
| Long term debt | 0.05M | 0.04M | 0.05M | 0.03M | - |
| Inventory | 0.04M | 0.55M | 0.25M | 0.17M | 0.01M |
| Accounts payable | 0.58M | 0.50M | 0.41M | 0.99M | 0.92M |
| Accumulated other comprehensive income | -0.23M | -0.64M | -0.03M | 0.12M | 0.16M |
| Common stock total equity | - | - | - | 5.70M | 3.73M |
| Non currrent assets other | 0.06M | 4.18M | 0.05M | 0.39M | - |
| Non current assets total | 13.15M | 18.93M | 3.65M | 2.49M | 2.07M |
| Capital lease obligations | 0.00M | 1.52M | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -0.64M | -1.01M | -0.17M | -1.30M | -0.03M |
| Change to liabilities | 0.08M | 0.66M | 0.26M | 0.37M | 0.26M |
| Total cashflows from investing activities | -0.64M | -1.01M | -0.17M | -1.30M | -0.03M |
| Net borrowings | 9.95M | -0.13M | 0.03M | 0.37M | 0.37M |
| Total cash from financing activities | 7.56M | 13.41M | 0.60M | 7.51M | 1.67M |
| Change to operating activities | -0.23M | -0.27M | 0.05M | -0.02M | -0.08M |
| Net income | -12.87M | -6.64M | -3.22M | -5.12M | -2.74M |
| Change in cash | -5.51M | 7.12M | -1.51M | 2.08M | 0.08M |
| Begin period cash flow | 7.78M | 0.65M | 2.16M | 0.08M | 0.00M |
| End period cash flow | 2.27M | 7.78M | 0.65M | 2.16M | 0.08M |
| Total cash from operating activities | -12.08M | -5.14M | -1.85M | -4.31M | -1.57M |
| Issuance of capital stock | 0.00M | 15.64M | 0.00M | 7.94M | 1.72M |
| Depreciation | 0.02M | 0.01M | 0.01M | 0.01M | 0.00M |
| Other cashflows from investing activities | 0.02M | 0.02M | 0.02M | 0.02M | - |
| Dividends paid | - | 0.74M | - | - | - |
| Change to account receivables | -0.02M | -0.02M | 0.04M | -0.01M | -0.04M |
| Sale purchase of stock | - | - | 0.00M | -0.02M | 0.00M |
| Other cashflows from financing activities | 10.37M | -1.48M | 0.60M | -0.41M | -0.05M |
| Change to netincome | -2.11M | 1.13M | 1.01M | 0.46M | 1.02M |
| Capital expenditures | 0.66M | 1.01M | 0.17M | 1.30M | 0.03M |
| Change in working capital | -0.17M | 0.37M | 0.35M | 0.34M | 0.15M |
| Stock based compensation | 0.94M | 0.93M | 0.57M | 0.40M | 0.21M |
| Other non cash items | 0.00M | 0.80M | 0.44M | 0.06M | 0.81M |
| Free cash flow | -12.74M | -6.14M | -2.02M | -5.61M | -1.61M |
Sector: Consumer Defensive Industry: Farm Products
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ADM Archer-Daniels-Midland Company |
-0.50 0.71% |
69.97 | 23.66 | 16.45 | 0.51 | 1.77 | 0.61 | 12.88 |
| BG Bunge Global SA |
0.56 0.57% |
99.10 | 25.52 | 14.53 | 0.35 | 1.53 | 0.54 | 15.43 |
| TSN Tyson Foods Inc |
-0.43 0.72% |
59.68 | - | 24.94 | 0.34 | 1.00 | 0.51 | 26.68 |
| MNHVF Mowi ASA |
- -% |
23.55 | 15.54 | 15.90 | 1.89 | 2.37 | 2.20 | 9.26 |
AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products that deliver healthier and nutritious solutions. The company operates in AgriFORCE Solutions and AgriFORCE Brands segments. It offers controlled environment agriculture equipment; management advisory services; and holds intellectual property, as well as engages in the real estate holding and development business; and food products manufacturing activities. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ingo Wilhelm Mueller | Chairman & CEO | 1965 |
| Mr. Richard S. Wong | Chief Financial Officer | 1965 |
| Mr. Mauro Pennella | Chief Marketing Officer & Pres of AgriFORCE Brands Division | 1966 |
| Mr. Troy Thomas McClellan | Officer, VP of Design & Construction and Pres of Daybreak Ag Systems Ltd | 1963 |
| Dr. Laila Benkrima | Chief Scientist | 1963 |
| Mr. Ian Pedersen | Director of Investor Relations | 1970 |
| Mr. Andre J. Beaulieu B.A., BA (Hon), L.L.B., LL.B. | Gen. Counsel | NA |
| Ms. Denise Sabet | Director of Marketing & Communications | NA |
| Ms. Dawn Longshaw | VP of HR | NA |
| Mr. Gideon De Jager | Chief Strategist & Bus. Devel. | NA |
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