Radical Clean Solutions ends deal with AgriForce, files lawsuit

NEW YORK - Radical Clean Solutions Ltd., a technology firm specializing in disinfection and sanitation solutions, has terminated its asset purchase agreement with AgriForce Growing Systems Ltd. (NASDAQ:AGRI), citing multiple material breaches of the contract. According to InvestingPro data, AgriForce operates with a market capitalization of $2.71 million and faces significant challenges with its financial health, receiving a weak overall score of 1.54 out of 5. The announcement came today, with the company stating that AgriForce failed to meet several key obligations, including funding Radical’s monthly operations, advancing the business, and supporting essential certification efforts.

Concurrent with the termination, Radical and its founder, Roger Slotkin, have initiated legal action against AgriForce in the United States District Court for the Southern District of New York. The lawsuit seeks damages and other relief for the alleged breaches.

Despite the legal dispute, Radical Clean Solutions reaffirms its dedication to its core mission and is actively working to resume operations. The company has communicated its intention to continue product development, certification processes, and the expansion of its distribution and sales network.

This development follows the original agreement dated August 16, 2024, which has now been brought to an abrupt end. The full implications of the lawsuit and termination on both companies remain to be seen. The information provided here is based on a press release statement from Radical Clean Solutions.

In other recent news, AgriForce Growing Systems Ltd. announced a strategic expansion of its heat reuse network in North America. This initiative, in collaboration with Hiveon, integrates advanced systems to optimize agricultural operations through real-time thermal and energy data utilization. In another development, AgriForce launched TerraHash Digital™, a division focused on scalable and energy-efficient Bitcoin mining, presented at the Bitcoin 2025 event in Las Vegas. The company completed a significant expansion in Ohio, installing 500 new Bitcoin mining machines, increasing its operational capacity by 50 petahash per second. This expansion is part of AgriForce’s broader strategy to reach one exahash of mining power by the second quarter of 2025. Additionally, AgriForce announced executive changes, with Barrett Mooney resigning as COO and equity awards issued to key executives in lieu of cash compensation. These equity transactions are part of a previously announced PIPE financing and adhere to regulatory agreements. These developments highlight AgriForce’s continued investment in digital infrastructure and energy innovation.

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