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AgriForce Growing Systems Closes Acquisition of Food Production and Processing IP from Manna Nutritional Group.

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MANews-(C)2009-2022

Canada-based intellectual property -focused AgTech company AgriForce Growing Systems Ltd (NASDAQ: AGRI), focused on advancing sustainable cultivation and crop processing across multiple verticals, 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 range of breakfast cereals, juices, natural sweeteners and baking enhancers.

The core process is covered under a pending patent application in the US and key international markets.

Independent lab testing indicates that MNG's soft white wheat baking flour contains over 30 times the fiber, three 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...

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