AgriFORCE Growing Systems (AGRI) can be described with the following analogies:

• Microsoft for controlled environment agriculture systems: Similar to how Microsoft provides operating systems and enterprise solutions for businesses, AgriFORCE develops proprietary systems and technology for advanced indoor farming.
• Honeywell for agricultural automation: Like Honeywell's expertise in industrial control and automation across sectors, AgriFORCE focuses on highly automated and precisely controlled growing environments.
• DuPont for plant-based food innovation: Leveraging its proprietary technology, AgriFORCE aims to be a developer and commercializer of innovative, sustainable plant-based nutritional ingredients, akin to DuPont's history of science-based ingredient and materials innovation.

• High-Value Plant-Based Ingredients: Develops and supplies proprietary, nutrient-dense ingredients such as proteins and fibers derived from various crops, including hemp.
• Controlled Environment Agriculture (CEA) Technology: Offers proprietary intellectual property and systems for advanced, sustainable cultivation and processing methods for agricultural products.
• Food Processing and Manufacturing: Operates and develops facilities for the specialized processing and manufacturing of plant-based ingredients and food products.
• Branded Food Products: Creates and markets consumer-facing food and beverage products utilizing its proprietary ingredients and processing technologies.

AgriFORCE Growing Systems (symbol: AGRI) primarily operates on a business-to-business (B2B) model, developing and commercializing plant-based ingredients and cultivation technologies for other companies.

However, according to its latest public filings (e.g., Q3 2023 10-Q and 2022 10-K), AgriFORCE is in an early commercialization phase with very limited revenue. Consequently, the company has not publicly disclosed any specific "major customers" (defined as customers accounting for 10% or more of total revenue) to date. The current revenue generation is minimal and diverse, stemming from pilot projects, services, and initial product sales from its controlled environment agriculture facility.

Based on AgriFORCE's stated business strategy and product offerings, their target customer base (the types of companies they aim to serve) includes, but is not limited to, companies in the following sectors:

• Food and Beverage Manufacturers: Companies that would utilize AgriFORCE's proprietary plant-based ingredients for new or existing food and beverage products, including plant-based alternatives.
• Nutraceutical and Pharmaceutical Companies: Businesses seeking specialized plant-derived compounds and ingredients for health supplements, functional foods, or pharmaceutical applications.
• Commercial Cultivators and Agriculture Businesses: Other agriculture companies that could license or implement AgriFORCE's proprietary intellectual property and cultivation technologies to enhance their crop production efficiency and yield.

As AgriFORCE continues to develop and commercialize its technologies and ingredients, specific customer relationships are expected to emerge.

Jolie Kahn, CEO

Jolie Kahn has an extensive background in corporate finance and corporate and securities law. She has been the proprietor of Jolie Kahn, Esq. since 2002, practicing law in areas such as corporate finance, mergers & acquisitions, and reverse mergers. Ms. Kahn has also acted in various corporate finance roles, including significant involvement in the preparation of period filings and financial statements, and playing an integral part in public company audits. She represents both public and private companies, hedge funds, and other institutional investors. Prior to joining AgriFORCE, she served as Interim CFO of GlucoTrack, Inc. from 2019 to 2023 and has served, on a part-time basis, as CFO of Ocean Biomedical, Inc. since February 2024.

Richard Wong, CFO

Richard Wong has over 25 years of experience in both start-up and public companies within the consumer goods, fertilizer, manufacturing, and forest industries. He has served as the CFO of Emerald Harvest Co. and Dan-D Foods, Ltd., was the Director of Finance and CFO of SUGOI Performance Apparel, and worked as a partner at First Choice Capital Advisors.

Dr. Barrett Mooney, Chief Operating Officer

Dr. Barrett Mooney holds a Ph.D. in Agricultural and Biological Engineering. He co-founded and served as CEO of HydroBio Inc., a software company that utilized satellite-driven image analytics to optimize irrigation for over 250,000 acres globally, managing 1.5 trillion gallons of water. HydroBio Inc. was subsequently acquired by The Climate Corporation, a subsidiary of Monsanto (later acquired by Bayer). At The Climate Corporation, Dr. Mooney led cross-functional teams that employed artificial intelligence and satellite imagery to enhance crop yields. Additionally, he served as CEO and Chairman of a NYSE-listed aerospace and defense company, where he navigated major acquisitions and its transition to a public entity.

Mauro Pennella, President, AgriFORCE Brands and CMO, AgriFORCE Growing Systems

Mauro Pennella brings over 30 years of expertise to AgriFORCE Growing Systems. As President of AgriFORCE Brands and the company's CMO, he oversees the creation, growth, and P&L of the Brands division and leads the brand, marketing, and communications teams. Prior to AgriFORCE, Mauro was Chief Growth & Sustainability Officer at McCain Foods. He has also held senior executive P&L roles at Combe Incorporated, Conagra's Lamb Weston, Diageo, and Procter & Gamble.

David Naccarato, Primary Inventor, Researcher, Developer, and Author of the Patented Process for un(Think) and Awakened Grains

David Naccarato leads the research, technical, and operational development of the un(Think) and Awakened Grains products. He has 20 years of experience in the food processing, equipment, and technology industry, and an additional 20 years in the sustainable energy and integrated design-build industry. Mr. Naccarato has developed projects across the United States, Canada, Latin America, Western and Eastern Europe, Russia, Ukraine, the former Soviet Union, China, and East Asia.

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AgriFORCE Growing Systems (AGRI) has undergone a significant strategic shift, with its current main products and services primarily focused on digital asset and computational infrastructure, alongside its earlier ventures in plant-based food ingredients and agricultural technology.

The company's recent transformative "tri-pillar growth strategy," unveiled in June 2025, centers on Bitcoin treasury development, modular compute infrastructure, and integration with scalable, off-grid energy systems. This strategy aims to address the increasing global demand for computational power, artificial intelligence (AI), and edge computing.

AgriFORCE also announced in November 2025 the completion of a PIPE financing, positioning itself as the first publicly-traded company focused on the Avalanche blockchain ecosystem, with a strategy to maximize AVAX per-share accretion for its shareholders.

Prior to this, AgriFORCE was involved in the development and commercialization of plant-based ingredients and products, including low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as controlled environment agriculture (CEA) equipment and management advisory services.

As of the current information, specific addressable market sizes for AgriFORCE's main products and services are as follows:

• Computational Power (AI and Edge Computing Infrastructure): The company aims to address the rising global demand for computational power, AI, and edge computing. While a specific combined market size for "computational power" isn't available, the global artificial intelligence (AI) market, which relies heavily on computational power, was valued at USD 207.9 billion in 2023 and is projected to reach USD 1,847.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 31.3% from 2024 to 2030. The global edge computing market was valued at USD 12.2 billion in 2023 and is expected to reach USD 101.4 billion by 2030, at a CAGR of 35.3% from 2024 to 2030.
• Bitcoin Mining and Digital Asset Ecosystem (Avalanche Blockchain): AgriFORCE's strategy includes Bitcoin treasury development through self-mining and market acquisitions, as well as focusing on the Avalanche blockchain ecosystem. The global cryptocurrency market size was valued at USD 1.78 trillion in 2023 and is projected to reach USD 5.96 trillion by 2030, with a CAGR of 19.2% from 2024 to 2030.
• All-Natural Flour, Bakery, and Snack Categories (through Manna Nutritional Group): AgriFORCE has stated that its plant-based products, such as its low-starch, high-protein, fiber-rich baking flour, address a "multi-billion dollar, underserved market in the all-natural flour, bakery and snack categories." More broadly, the global healthy snacks market size was valued at USD 92.4 billion in 2023 and is projected to reach USD 174.9 billion by 2032, at a CAGR of 7.4% from 2024 to 2032.

AgriFORCE Growing Systems (AGRI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

1. Global Expansion and Product Offerings of the Radical Clean Solutions (RCS) Division: AgriFORCE's full acquisition of Radical Clean Solutions (RCS) in August 2024 is a significant driver. The RCS division has successfully delivered initial units from a major European order and established a strong presence in Europe through a UK distribution partner. The company has also secured its first two purchase orders from the Caribbean, with deployments in Barbados and St. Lucia. AgriFORCE is actively expanding RCS's product offerings and market reach across Western Europe, Latin America, the Caribbean, and the Middle East, focusing on hydroxyl generating devices for air purification in various industry verticals such as controlled environment agriculture and food manufacturing. The sale of these devices has already contributed to the company's revenue.
2. Growth in the Sustainable Bitcoin Mining and Compute Infrastructure Segment: AgriFORCE has significantly diversified its business by expanding into the sustainable Bitcoin mining industry. This includes the acquisition of three mining facilities in Alberta, Canada, and Ohio, USA, which contributes to revenue through digital asset production operations. The company unveiled a "Tri-Pillar Growth Strategy" in June 2025, emphasizing Bitcoin treasury development, modular compute infrastructure, and integration with scalable, off-grid energy systems. AgriFORCE aims to reach 1 EH/s of hash power by the first quarter of 2026. This expansion also includes diversifying services into AI, edge computing, and sovereign data solutions, leveraging its modular architecture and energy-first design to enhance revenue potential.
3. Commercialization and Market Penetration of AgriFORCE Brands (UN(THINK) Foods): The AgriFORCE Brands division is dedicated to developing and commercializing plant-based ingredients and products, such as Awakened Flour™ and Awakened Grains™. The company has mentioned launching its "UN(THINK) Foods" brand, with "Awakened Grains" as its initial product, followed by "Power Flour." These products are designed to offer enhanced nutrition, including significantly more protein and fiber, and fewer carbohydrates. AgriFORCE plans for both direct-to-consumer and business-to-business sales with a global reach.

Share Repurchases

• AgriFORCE Growing Systems authorized a share repurchase program on June 17, 2024, allowing the company to buy back up to $1 million of its common shares over six months.

Share Issuance

• On November 5, 2025, AgriFORCE completed a PIPE financing, issuing 86,690,657 common shares and pre-funded warrants for 6,123,837 shares, with an aggregate purchase price of $219,042,206.
• The company entered into a sales agreement on October 21, 2025, to offer and sell common stock with a total aggregate offering price of up to $3,457,461.
• Shareholders approved an increase to the 2024 equity incentive plan from 87,237 to 5,750,000 shares on October 27, 2025.

Inbound Investments

• AgriFORCE closed an approximately $300 million private investment in public equity (PIPE) led by Hivemind Capital on November 5, 2025, as part of its transition to an Avalanche-focused company.
• The company plans to raise approximately $550 million in total, which includes the $300 million PIPE and an additional $250 million through near-future capital raising activities.

Outbound Investments

• AgriFORCE has significantly expanded its business since the third quarter of 2024, completing three acquisitions in the bitcoin mining and environmental remediation technology sectors.
• On January 17, 2025, the company finalized the acquisition of assets belonging to Bald Eagle Mining, LLC.

Capital Expenditures

• AgriFORCE reported capital expenditures of -$1.86 million over the last 12 months.
• Quarterly capital expenditures for June 2025 were -$3.7 million.
• The company's 2025 strategic framework for capital expenditures focuses on Bitcoin treasury development, modular mining infrastructure, and integration with scalable, off-grid energy systems, including the acquisition of two Ohio facilities for clean energy integration and data center optimization.