2022-05-18 09:06:21 AGRI AgriFORCE Growing Systems
05/18/22 05/1809:06 05/18/2209:06 | AgriFORCE Growing Systems completes acquisition of IP from Manna NutritionalAgriFORCE Growing Systems announced it has completed the previously announced acquisition of the intellectual property of Manna Nutritional Group. The IP encompasses patent-pending technologies to naturally process and convert grain, pulses and root vegetables, resulting in low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners and baking enhancers. The core process is covered under a pending patent application in the U.S. and key international markets. Independent lab testing indicates that MNG's soft white wheat baking flour contains over 30 times the fiber, 3 times the protein, and more than 80% less starch than conventional flour without compromising taste, texture and quality. The Company's initial focus is on wheat, in which the flour has applications for baked goods, breads and snacks. As further announced earlier this year, the Company is on track to pilot test its first branded product in the specialty flour category under the brand un(Think) Foods with businesses and consumers later this year. The un(Think) brand aims to evolve the way people think about their favorite foods and create a new standard for nutrition. The Company has also completed the engineering work for small-scale manufacturing and has begun preparation for planned production in Saskatchewan, Canada, with initial operations expected to commence in second half of 2022. |
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