AGI Announces Second Quarter 2026 Results & Provides Business Update
Winnipeg, MB, July 29, 2026 – Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we”, or “our”) today announced its financial results for the three-month period ending June 30, 2026.
Business Update
- The Board of Directors established a Strategic Review Committee comprised of independent directors Gary Anderson (Chair), George Armoyan, and Mick MacBean to oversee a formal review of strategic alternatives available to the Company.
- On track to exceed our $30 million annualized cost savings target with much of the savings being structural.
- Expected monetization of at least $20 million from unused facility and asset sales in H2 2026.
- Initiated a low capex U.S. facility consolidation to grow storage & handling volumes in the U.S. market; capex will be more than covered by H2 2026 unused facility and asset sales that are part of the consolidation effort.
- Appointed Haaris Uddin as CFO effective August 4, 2026; Interim CFO Nicolle Parker will return to her previous role as Senior Vice President of Finance & Information Systems to support.