CASABLANCA, MOROCCO, April 04, 2025 (GLOBE NEWSWIRE) -- Forafric Global (NASDAQ:AFRI, or the « Company »)), a leading vertically integrated agribusiness serving Africa, today announced that Khalid Assari, the CEO of the Company, has been appointed as Chairman of the Board, effective April 4th, 2025. Mr. Assari replaces Mr Saad Bendidi. Mr. Assari has had a long and successful career in agricultural business, holding several senior positions within Caisse de Dépôts (CDG Group). Mr. Assari holds an MBA in finance from Old Dominion University in Norfolk, Virginia, United States. "I am honored to take on the role of Chairman and look forward to working closely with the Board and leadership t

SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Franklin Wireless Corp. (NASDAQ:FKWL) announces the appointment of Ira Greenstein to the Company's Board of Directors, effective February 17, 2025. "We are pleased to welcome Ira Greenstein to the Company's Board of Directors," said OC Kim, President and CEO of Franklin Wireless. "Ira's extensive legal, corporate, and government experience brings a new depth of knowledge, critical skills in strategic decision-making and governance to the board." Mr. Greenstein is a Founding Partner of the Pierson Ferdinand LLP law firm. He previously served as Deputy Assistant and Strategist to the President during the first Trump Administration. Before his go

Announces Enhanced Focus on Morocco and Soft Wheat through Initiatives to include Divesting Non-Core Assets CASABLANCA, MOROCCO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Forafric Global PLC (NASDAQ:AFRI, or the "Company")), a leading vertically integrated agribusiness serving Africa, today announced that it has adopted a new balance sheet strengthening strategy with a Morocco and soft wheat focus. As part of this initiative, the Company is divesting non-core assets: assets outside of Morocco, durum wheat focused businesses and logistics activities in Morocco. The Company estimates that this divestment program will generate gross proceeds of between 80 and 100 million USD. These divestments will

CASABLANCA, MOROCCO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Forafric Global PLC (NASDAQ:AFRI, or the "Company")), a vertically integrated agribusiness serving Africa, today announced that on January 14, 2025, it received written notice from the listing qualifications department of The Nasdaq Stock Market ("Nasdaq") stating that since the Company has not yet filed a Form 6-K containing an interim balance sheet and income statement as of the end of its second quarter (the "Six Month Report") by December 31, 2024, the Company was not in compliance with Listing Rule 5250 (c) (2) (the "Rule"). On January 16, 2025, the Company filed its Six Month Report with the Securities and Exchange Commission, a

10-year renewable agreement to lease and operate existing milling facility Forafric Global PLC (NASDAQ:AFRI, or "Forafric"))), a vertically integrated agribusiness serving Africa, today announced it has entered into a 10-year renewable contract to lease and operate an existing milling facility located in the Meknes-Fes region of Morocco. This marks a significant milestone in the expansion of the Company's milling capabilities and positions Forafric for continued growth. This expansion is expected to increase the Company's milling capacity by approximately 470 tons of soft wheat and 130 tons of durum per day for an aggregate increase in total production of approximately 600 tons per day.

Achieves Record High Crushing Volume in First Nine Months of 2023 Forafric Global PLC (NASDAQ:AFRI) ("Forafric"), a vertically integrated agribusiness serving Africa, today provided a business update. Recent Business Highlights Achieved record high crushing volume for the first nine months of 2023, with more than 443,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market Completed acquisition of 90% of Société Industrielle de Minoterie du Sud ("SIMS"), a soft wheat milling company with primary operations in Marrakesh Extending crushing capacity in Morocco by 370 tons per day; 120 tons per day up and running in Sanabil (Meknes) and 250 tons per day in Casabl

Forafric Global PLC (NASDAQ:AFRI, or "Forafric"))), a vertically integrated agribusiness serving Africa, today announced as part of its strategy to double crushing capacity in Morocco over that next two years, that it has acquired 90% of Société Industrielle de Minoterie du Sud ("SIMS"), a soft wheat milling company with primary operations in Marrakesh. "This acquisition enables us to expand our crushing capacity rapidly by more than 300 tons per day with minimal capital investment," said Saad Bendidi, Chairman of Forafric. "SIMS has recently been operating at less than 50% capacity due to capital constraints. We are preparing to launch activity during August. Furthermore, this transactio

Company secures sufficient soft wheat supply, with up to three months of inventory. Forafric Global PLC (NASDAQ:AFRI, or "Forafric"))), a vertically integrated agribusiness serving Africa, today announced that it achieved record high crushing volume over the first half of 2022, with more that 276,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market. Furthermore, Forafric has been able to successfully navigate the international grain markets to secure enough soft wheat to constantly have between 2.5 and 3 months of inventory. When excluding new capacity acquired over the last 12 months, crushing volume totaled 241,000 MT, still a record for the company. 241,000 MT re