Latest news with #RadicalCleanSolutions
Yahoo
4 days ago
- Business
- Yahoo
Radical terminates asset purchase agreement with AgriForce, files lawsuit
Radical Clean Solutions has formally notified AgriForce Growing Systems (AGRI) of the termination of the previously executed asset purchase agreement dated August 16, termination was based on what Radical alleges to be multiple material breaches of the agreement by AgriForce. These alleged breaches include:Failure to fund Radical's monthly operations budget as contractually required; Failure to use commercially reasonable efforts to advance Radical's business; Failure to support key certification efforts essential to the business. In connection with the termination, Radical and its founder, Roger Slotkin, have filed a lawsuit in the United States District Court for the Southern District of New York against AgriForce Growing Systems Ltd. The suit alleges material breaches of various agreements, and Radical and Mr. Slotkin are seeking damages and other appropriate relief. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on AGRI: Disclaimer & DisclosureReport an Issue AgriFORCE Growing Systems launches TerraHash Digital division AgriFORCE commences final installation of bitcoin miners at Ohio site AgriFORCE Growing announces completion of 500 miner delivery at Ohio facility AgriFORCE mines over five bitcoin from Alberta, Ohio operations AgriFORCE Growing Systems provides update on bitcoin mining operations Effettua l'accesso per consultare il tuo portafoglio
Yahoo
5 days ago
- Business
- Yahoo
Radical Clean Solutions Ltd. Terminates Asset Purchase Agreement with AgriForce Growing Systems Ltd. and Files Lawsuit for Breach of Contract
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Radical Clean Solutions Ltd. ('Radical' or the 'Company'), a Nevada corporation headquartered on Long Island, New York, today announced that it has formally notified AgriForce Growing Systems Ltd. (Nasdaq: AGRI) ('AgriForce') of the termination of the previously executed asset purchase agreement dated August 16, 2024. The termination was based on what Radical alleges to be multiple material breaches of the agreement by AgriForce. These alleged breaches include: Failure to fund Radical's monthly operations budget as contractually required; Failure to use commercially reasonable efforts to advance Radical's business; Failure to support key certification efforts essential to the business. In connection with the termination, Radical and its founder, Roger Slotkin, have filed a lawsuit in the United States District Court for the Southern District of New York against AgriForce Growing Systems Ltd. The suit alleges material breaches of various agreements, and Radical and Mr. Slotkin are seeking damages and other appropriate relief. Despite these developments, Radical Clean Solutions remains committed to its mission and is actively taking steps to re-establish operations. The Company will continue advancing its technical product development, certification processes, and expanding its relationships with existing and prospective distributors and sales agents. About Radical Clean Solutions Ltd. Radical Clean Solutions is a technology-driven company focused on delivering innovative, clean solutions for disinfection and sanitation across various industries. Contact: Roger Slotkin, CEO Radical Clean Solutions rsmgtny@
