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SC 13G/A - Forafric Global PLC (0001903870) (Subject)
SC 13G/A - Forafric Global PLC (0001903870) (Subject)
SC 13D - Forafric Global PLC (0001903870) (Subject)
20-F - Forafric Global PLC (0001903870) (Filer)
6-K - Forafric Global PLC (0001903870) (Filer)
6-K - Forafric Global PLC (0001903870) (Filer)
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
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
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