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Benzinga
Benzinga
Business
Adam Eckert

INSANE: Why agriforce growing systems shares are soaring - The Real Truth

AGRI AgriFORCE

Shares of AgTech company AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) are surging Thursday after the company announced a binding letter of intent to acquire tissue culture propagation company Deroose Plants NV.

The net purchase price is expected to be approximately $69 million, representing approximately $46.4 million for the Deroose business on a cash and debt free basis and $22.6 million for the company's IP portfolio.

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