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AgriFORCE Barbados Collaboration
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AgriFORCE and Barbados CEA Development Collaboration

AgriFORCE (NASDAQ: AGRI; AGRIW), an AgTech company dedicated to advancing sustainable cultivation and crop processing, has announced a collaboration with the government of Barbados to conduct a feasibility and technical study by the summer of 2023 related to the development of controlled environment agriculture facilities (CEA) for fruits and vegetables. These facilities would be intended to supply schools, hospitals, government offices, and institutions, as well as retail and food service establishments on the island and for export to other Caribbean markets. The company’s vision is to be a global leader in delivering plant-based foods and products through an advanced and sustainable agtech platform that makes a positive change in the world—from seed to table.

AgriFORCE Growing Systems Ltd. is an AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple verticals. Recently, the company announced a collaboration with the government of Barbados to conduct a feasibility and technical study by the summer of 2023 related to the development of controlled environment agriculture facilities (CEA) for fruits and vegetables. These facilities are intended to supply schools, hospitals, government offices, and institutions, as well as retail and food service establishments on the island and for export to other Caribbean markets.

The feasibility and technical study intended to define the crops and overall regional demand, facility specifications, and land requirements for the supply of these crops to the Barbados market and export in the Caribbean region. The expected completion of the feasibility study would be in approximately 120 days. At the study’s conclusion, the involved parties anticipate entering into a definitive agreement related to the building of the facilities, off take determinations for a portion of the production, and other considerations.

Ms. Kaye-Anne Greenidge, CEO of Invest Barbados, noted that this collaboration brings new investment, jobs, knowledge, and skill transfer, among other benefits, to Barbados. AgriFORCE CEO Ingo Mueller shared that Caribbean nations, including Barbados, rely heavily on imported food, some of which lacks the necessary nutrition and is often subject to high costs. Despite Barbados’s challenging tropical climate, a CEA solution powered by AgriFORCE IP can supply nutritious fruits and vegetables year-round. This collaboration is another significant step in what we hope to be a meaningful and long-term opportunity in Barbados.

AgriFORCE is an ag-tech company focused on building an integrated tech 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 tech platform that makes a positive change in the world—from seed to table. The company’s collaboration with the government of Barbados is a step in the right direction to achieving this vision.

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