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
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
SC 13G/A - Forafric Global PLC (0001903870) (Subject)
SC 13G/A - Forafric Global PLC (0001903870) (Subject)
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10-year renewable agreement to lease and operate existing milling facilityForafric 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."This
U.S. stocks traded lower midway through trading, with Dow Jones dropping over 300 points on Tuesday. The Dow traded down 0.96% to 33,969.42 while the NASDAQ fell 0.74% to 13,588.13. The S&P 500, also fell, dropping, 0.80% to 4,374.24. Check This Out: Tesla, Nvidia And 2 Other Stocks Insiders Are Selling Leading and Lagging Sectors Consumer staples shares fell by just 0.2% on Tuesday. Meanwhile, top gainers in the sector included MamaMancini's Holdings, Inc. (NASDAQ:MMMB), up 4%, and Forafric Global PLC (NASDAQ:AFRI), up 6%. In trading on Tuesday, energy shares dipped by 2.5%. Top Headline Housing starts in the US surged 21.7% month-over-month to an annualized rate of 1.631 milli
Potential short squeeze plays gained steam in 2021 and have continued through 2022 with new traders looking for the next huge move. High short interest and a high cost borrow are among the common traits that could lead to a short squeeze. Here’s a look at the top five short squeeze candidates based on the Fintel short squeeze leaderboard. 1. Hour Loop: E-commerce company Hour Loop (NASDAQ:HOUR) tops the leaderboard for the week, rejoining the leaderboard it was on in August. Data shows 15.65% of the float short and a cost to borrow of 55.5%. The stock moved up 19 places on the leaderboard, the biggest jump of the top five short squeeze candidates. 2. Indonesia Energy Corporation: Oil and
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping around 190 points on Friday. The Dow traded down 0.58% to 30,783.52 while the NASDAQ fell 1.21% to 11,412.50. The S&P 500 also fell, dropping, 0.92% to 3,865.50. Also check this: Volatility In Markets Increases As Nasdaq Tumbles 200 Points Leading and Lagging Sectors Consumer staples shares slipped by just 0.1% on Friday. Meanwhile, top gainers in the sector included Forafric Global PLC (NASDAQ:AFRI), up 5% and BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) up 3%. In trading on Friday, industrials shares fell by 2.9%. Top Headline FedEx Corp (NYSE:FDX) issued preliminary results. The company sa
Gainers InVivo Therapeutics Holdings Corp. (NASDAQ:NVIV) shares jumped 178.5% to $12.45 after gaining over 12% on Wednesday. Onion Global Limited (NYSE:OG) gained 113.9% to $0.8556. ChemoCentryx, Inc. (NASDAQ:CCXI) gained 110% to $50.68 after the company, and Amgen, announced an agreement under which Amgen will acquire the company for $52 per share in cash. Minerva Neurosciences, Inc. (NASDAQ:NERV) jumped 80% to $4.8300. Greenpro Capital Corp. (NASDAQ:GRNQ) rose 61.1% to $2.82 after climbing around 14% on Tuesday after climbing 28% on Wednesday. Missfresh Limited (NASDAQ:MF) shares surged 59.3% to $0.1834 after dropping 7% on Wednesday. Quhuo Limited (NASDAQ:QH) gained 51.8% to $0