AgriFORCE Growing Systems Announces Exclusive Distribution Agreement for Mexico; DESICO To Promote, Market, Sell and Service Products With Contracted Minimum First Year Revenue Above $600K
Portfolio Pulse from Benzinga Newsdesk
AgriFORCE Growing Systems Ltd. (AGRI) has entered into an exclusive distribution agreement with Commercializadora DESICO for Mexico. DESICO will promote, market, sell and service AgriFORCE's products in the indoor farming market and food manufacturing across Mexico. The contracted minimum first year revenue to AgriFORCE is above $600,000.
August 10, 2023 | 1:04 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AgriFORCE's new distribution agreement with DESICO in Mexico could potentially increase its revenue and expand its market presence.
The news of an exclusive distribution agreement is generally positive for a company as it opens up new markets and revenue streams. In this case, AgriFORCE's agreement with DESICO, a leading distributor in Mexico, is expected to bring in a minimum of $600,000 in the first year. This could potentially increase AgriFORCE's revenue and expand its market presence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100