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Water Ways Seeks Shareholder Approval for Potential Share Consolidation
Globenewswire· 2025-06-18 21:00
Core Viewpoint - Water Ways Technologies Inc. is proposing a share consolidation at a ratio of up to ten pre-Consolidation Common Shares for one post-Consolidation Common Share, subject to shareholder approval at a special meeting scheduled for July 14, 2025 [1][2]. Group 1: Share Consolidation Details - The Board seeks authority to implement the consolidation when deemed appropriate to enhance the capital structure and attract a broader pool of investors [2]. - Currently, there are 148,785,346 Common Shares outstanding, which would reduce to approximately 14,878,537 Common Shares post-Consolidation if approved [3]. - No fractional Common Shares will be issued, and no cash will be paid for fractional shares resulting from the consolidation [3]. Group 2: Trading and Adjustments - Post-Consolidation, the Common Shares will continue to trade on the TSX Venture Exchange under the symbol "WWT," and the company's name will remain unchanged [4]. - The exercise or conversion price and the number of Common Shares under outstanding warrants and stock options will be proportionately adjusted to reflect the consolidation [4]. Group 3: Previous Attempts and Regulatory Approval - The company had previously announced a proposed share consolidation in December 2024, which received shareholder approval but was not implemented, leading to the lapse of that approval [6]. - The consolidation is subject to prior approval from the Exchange and shareholders [5]. Group 4: Company Overview - Water Ways Technologies Inc. is a Canadian provider of Israeli-based agriculture technology, focusing on water irrigation solutions for agricultural producers in Canada and the USA [8]. - The company is capitalizing on opportunities in micro and smart irrigation, with projects including vineyards and fresh produce cooling rooms [8].
Lavoro Reaches Out-of-Court Restructuring Agreement with Key Suppliers and Reports Certain Preliminary Unaudited Financial Information for Second Quarter of Fiscal 2025
Globenewswire· 2025-06-18 18:40
Core Viewpoint - Lavoro Limited's subsidiary, Lavoro Brazil, has reached an out-of-court restructuring agreement with key suppliers to extend payment terms and secure multi-year product supply, aiming to mitigate supply chain disruptions and enhance operational efficiency [1][2][3]. Group 1: Restructuring Agreement - The agreement with suppliers includes BASF, FMC Agrícola, UPL Brasil, EuroChem, and Ourofino, and aims to support Lavoro Brazil's reorganization plan [3]. - The restructuring plan, known as the EJ Plan, will be binding upon court approval and is designed to ensure broad-based effectiveness across all eligible suppliers [2][4]. - The EJ Plan restructures approximately R$2.5 billion in trade payables owed to suppliers, categorizing them into different creditor classes with tailored repayment obligations [10][11]. Group 2: Financial Impact - Preliminary unaudited consolidated revenue for 2Q25 was R$2.25 billion, a decrease of 27% year-over-year, primarily due to inventory shortages [7][22]. - Preliminary unaudited gross profit for 2Q25 decreased by 28% to R$366.9 million, with gross margins contracting to 16.3% [22]. - The Brazil Ag Retail segment saw a 30% decline in revenue to R$1.84 billion in 2Q25, attributed to product availability constraints [22]. Group 3: Market Context - The 2023/24 crop year in Brazil faced challenges such as falling commodity prices, declining farmer profitability, and severe droughts, impacting Lavoro Brazil's operations [6]. - Despite these challenges, Lavoro Brazil gained market share and is positioned to benefit from signs of market stabilization entering FY25 [6]. Group 4: Future Outlook - The EJ Plan aims to standardize inventory supply and financing terms, ensuring reliable product availability and mitigating risks from future credit condition changes [5][9]. - Management has withdrawn its fiscal 2025 guidance due to the complexities associated with the EJ Plan [14].
Reasons Why You Should Retain AGCO Corp Stock in Your Portfolio Now
ZACKS· 2025-06-18 16:41
Core Insights - AGCO Corporation is experiencing strong demand for its Precision Agriculture Business and Fendt equipment, which is expected to drive growth in the upcoming quarters [1][10] - The U.S. Department of Agriculture projects a significant increase in net farm income for 2025, which will positively impact AGCO's margins [2][11] Industry Outlook - The agricultural machinery market in the U.S. is forecasted to reach $42.05 billion in 2025, with a compound annual growth rate (CAGR) of 6.3% expected until 2030 [3] - Despite ongoing volatility in commodity prices, demand for agricultural equipment is supported by global food demand driven by population growth and rising living standards [3] Company Strategy - AGCO is focusing on portfolio optimization and has formed a joint venture with Trimble to enhance its technology transformation [4] - The company has sold the majority of its Grain & Protein business for $700 million, with plans to use the proceeds for debt repayment and investments in technology and growth initiatives [5] Financial Projections - AGCO anticipates delivering Precision Agriculture net sales of $2 billion by 2029, with an expected adjusted operating margin of 14-15% at mid-cycle [7] - The company is increasing engineering expenses and investing in acquisitions to support its growth in Precision Agriculture and digital initiatives [9] Near-Term Challenges - AGCO faces challenges from weak farmer spending due to low commodity prices, which may impact earnings despite projected growth in net farm income [11] - Retail sales of agricultural equipment in North America and Western Europe have declined, which could affect AGCO's top line in 2025 [12][13]
CNH’s agriculture design excellence recognized with Case IH brand’s Red Dot Product Design win
Globenewswire· 2025-06-18 08:00
Case IH Quadtrac 715 Case IH Quadtrac 715 Twin Red Dot Award Win Case IH Quadtrac 715 Case IH Quadtrac 715 twin Red Dot Award Win CNH’s agriculture design excellence recognized with Case IH brand’s Red Dot Product Design win Basildon, June 18, 2025 CNH (NYSE: CNH) is proud to announce that the 2025 Red Dot Design Awards has recognized our Case IH brand’s Quadtrac 715 tractor in two categories. Red Dot is one of the world’s largest design competitions with over 18,000 entries from 70+ countries reco ...
三度进京!阳西农副产品北上“赶集”拓宽全国“朋友圈”
Nan Fang Nong Cun Bao· 2025-06-17 03:31
Core Viewpoint - Yangxi County is actively promoting its unique agricultural products in Beijing, aiming to expand its market presence and strengthen partnerships with major distribution platforms like Beijing Xinfadi [2][11][28]. Group 1: Event Overview - The 2025 Guangdong Yangxi Specialty Agricultural Products Promotion Conference was successfully held in Beijing on June 13 [2]. - This marks the third time Yangxi has engaged with Beijing Xinfadi to promote its agricultural products, showcasing the region's rich resources and unique flavors [3][4][26]. Group 2: Agricultural Strengths - Yangxi County, known as "China's Longevity Town," benefits from its mountainous and coastal geography, rich selenium soil, and abundant resources [8]. - The county has developed its agriculture and marine fisheries, establishing two national agricultural industry strong towns and several modern agricultural industrial parks [9][10]. Group 3: Market Impact - Beijing Xinfadi is a leading agricultural product distribution hub in China, supplying over 90% of the capital's agricultural products [11][12]. - Yangxi's agricultural products, including lychees and Chengcun oysters, have gained popularity in Beijing, with over 30 million pounds of products sold through Xinfadi [22][30][32]. Group 4: Sales Growth - Yangxi's lychee production area spans 130,000 acres, with an expected yield exceeding 90,000 tons this year, and over 12 million pounds of lychees have been sold to Xinfadi [34][35]. - The sales revenue of Yangxi's products in Beijing is increasing, with Guangdong Jiamei Food Technology Co., Ltd. reporting over 40% growth in sales for 2024 compared to 2023 [31][32]. Group 5: Future Plans - Yangxi plans to further expand its online and offline sales platforms and enhance its marketing strategies to promote its products nationally and globally [38][39].
Davis Commodities Limited Unveils $30 Million Strategic Growth Initiative, Combining Bitcoin Reserves and RWA Tokenization to Transform Global Commodity Trading
Globenewswire· 2025-06-16 15:00
Core Insights - Davis Commodities Limited has announced a strategic initiative to integrate Bitcoin reserves and Real-World Asset (RWA) tokenization, following the approval of a $30 million fundraising plan, positioning itself as a leader in the intersection of digital finance and agricultural commodities [1][7] Fund Allocation - Approximately 15% of the funds ($4.5 million) will be allocated to Bitcoin reserves in the first phase, with a long-term goal of deploying 40% of the total funds raised into Bitcoin reserves [2] - The company plans to invest 50% of the funds ($15 million) into RWA tokenization projects, focusing on agricultural commodities to unlock liquidity and enhance trading efficiency [4][5] - The remaining 10% of the funds ($3 million) will be used for technological infrastructure, security measures, and strategic partnerships to integrate digital assets into operations [6] Market Potential - Bitcoin has shown a historical surge, increasing by 156% in 2023, 121% in 2024, and over 14% in 2025, indicating its potential as a high-yield investment [3] - The RWA tokenization market is projected to reach a global size of $16 trillion by 2030, with early projections suggesting an additional $50 million in annual revenue from tokenization within 24 months [5] Company Overview - Davis Commodities Limited specializes in trading agricultural commodities such as sugar, rice, and oil products across various markets, including Asia, Africa, and the Middle East [8][9]
融资成果汇|金融服务“快准暖实”·杨凌金融监管支局融资协调工作机制观察
Sou Hu Cai Jing· 2025-06-13 08:27
"不到半个月时间, 119万贷款就到了,悬着的心终于放下了。"这是不久前,杨凌金融监管支局通过"千企万户大走访活动"时,杨凌一生物科技公司负责人 对小微企业融资系列政策的推动下,亲身感悟的一个细节。 成立小微企业融资协调工作专班,细化工作流程,开展"千企万户大走访活动",倾听企业融资难点和现实需要,优化续贷、首贷拓展等专项工作开辟快速审 批通道……小微企业融资协调工作机制在杨凌落地后,在企业中引发强烈反响。 杨凌示范区"政银保企"交流对接会现场。(资料图) 去年以来,杨凌金融监管支局联合杨凌发展和改革局印发《关于建立支持小微企业融资协调工作机制及工作措施的通知》,通过强化监管引领,以"四个 一"工作为抓手,推动小微企业融资协调工作机制落地见效。截至2025年5月底,累计走访对接企业24913户,投放贷款11.66亿元。 走访杨凌诚智食品科技有限公司 协同发力,打通政策梗阻 在小微金融工作中,每一项政策的出台、每一个产品的推出、每一点服务的改进,都关系小微企业等市场主体切身利益。 小微企业融资协调工作机制落地后,杨凌金融监管支局联合杨凌发展和改革局推出系列创新服务措施,使服务覆盖范围持续扩大,小微企业的融资获得 ...
Above Food Ingredients Inc. Achieves Full Listing Compliance with NASDAQ
Newsfile· 2025-06-12 14:05
Regina, Saskatchewan--(Newsfile Corp. - June 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company"), is pleased to announce it has received the official compliance determination letter from NASDAQ confirming that the Company now meets full compliance and has satisfied all of the requirements under Listing Rules 5450(b)(3)(C), 5810(c)(3)(A) and 5450(a)(1).As referenced within our press release dated June 6, the Company regained compliance with listing Rule 5450(b)(3)(C), regarding the minimu ...
CNH's latest AI sprayer precision tech goes beyond the boom
GlobeNewswire News Room· 2025-06-12 13:00
CNH’s latest AI sprayer precision tech goes beyond the boom Basildon, June 12, 2025 Machine learning and camera sensing technology are proving how powerfully AI supports agriculture by boosting efficiency, reducing input costs, and helping farmers grow more sustainably. An innovation from CNH uniting real time crop analysis and automated spraying now comes built-in for its Case IH, New Holland and Miller brands’ sprayer portfolio. This smart sprayer precision tech detects green on brown (weeds on soil) and ...
Cibus and John Innes Centre Announce Ongoing Collaboration with Potential to Revolutionize Fertilizer Use in Farming
GlobeNewswire News Room· 2025-06-12 12:00
Core Insights - Cibus, in collaboration with the John Innes Centre (JIC), has discovered a genetic mutation that enhances nutrient uptake and reduces the need for artificial fertilizers [1][2][3] - The nutrient use efficiency (NUE) trait aims to improve crop yields while decreasing the reliance on nitrates and phosphates [1][4] - Cibus has successfully edited Canola plants with this mutation and is looking forward to further testing and validation [1][3] Company Overview - Cibus is a leading agricultural technology company focused on developing and licensing plant traits to seed companies for royalties [1][7] - The company utilizes proprietary high-throughput gene editing technology to create crop traits more efficiently than conventional breeding methods [7] - Cibus addresses critical productivity and sustainability challenges in agriculture, with an estimated global economic loss of approximately $300 billion annually due to diseases and pests [7] Research and Development - The collaboration with JIC aims to translate their discovery into a trait that enhances plant-microbe interactions, thereby boosting nutrient uptake [2][3] - The NUE trait is expected to lead to more productive and sustainable crops, allowing farmers to use less fertilizer while maintaining yields [3][4] - JIC's research highlights the inefficiency of plants in nutrient absorption, with only about one-third of applied fertilizer typically absorbed [3]