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Kalera to Divest Seed Genetics Business and International Assets
Kalera to Divest Seed Genetics Business and International Assets
ORLANDO, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (Nasdaq: KAL, KALWW; "Kalera" or the "Company"), a vertical farming company, announced today that it intends to divest its subsidiary, Vindara, and the assets of its international business. Vindara is expected to continue serving Kalera's strategic custom seed needs and serving other indoor farming companies. The international business includes the previous &ever GmbH management team, and farming assets in Kuwait and Singapore.
"We expect that these divestitures will address the strategy we announced in September to bring our U.S. farms to cash flow positive much faster than anticipated while reducing capital requirements for all Kalera holdings," said Jim Leighton, President and Chief Executive Officer of Kalera.
This will allow the Orlando headquartered management team to focus all efforts on U.S. Farms and reduce its monthly cash burn rate.
"These transactions align with our capital light business model we discussed in our analyst and investor event last month," Leighton said. "It will allow us to stay laser focused on bringing our U.S. farms to cash flow positive faster while reducing our capital requirements."
About Kalera
As a leader in controlled environment agriculture, Kalera is driven by our belief that vertical farming can play an important role in securing access to fresh produce for a growing world population facing climate change and concerns about the future of traditional farming. Through our proprietary technology, we sustainably grow local, delicious, nutrient-rich, pesticide-free, non-GMO leafy greens year-round. Our automated, data-driven, hydroponic vertical farms produce higher yields and, use approximately 95% less water, and 99% less land than traditional farming. Sold under the Kalera brand, our leafy greens are "better than organic" and priced competitively, always with the end consumer in mind. Kalera is headquartered in Orlando, Florida with farms in Orlando; Atlanta, Georgia; Houston, Texas; Denver, Colorado; and Kuwait, with additional farms under development. More information is available at .
Forward-Looking Statements
This communication includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the applicable securities laws. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to, statements regarding the terms and conditions of the transactions disclosed herein, the timing of the consummation of such transactions. These statements are based on various assumptions and/or on the current expectations of Kalera's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Kalera. These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; changes in the assumptions underlying Kalera's expectations regarding its future business; the effects of competition on Kalera's future business; and the outcome of judicial proceedings to which Kalera is, or may become a party.
If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Kalera presently do not know or currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect expectations, assumptions, plans or forecasts of future events and views as of the date of this communication. Kalera anticipate that subsequent events and developments will cause these assessments to change. However, while Kalera may elect to update these forward-looking statements at some point in the future, Kalera specifically disclaims any obligation to do so, except as required by applicable law. These forward-looking statements should not be relied upon as representing Kalera's assessments as of any date subsequent to the date of this written communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Contacts | |
Kalera PLC | Financial Profiles, Inc. |
Aparna Mehra | Julie Kegley |
aparna.mehra@kalera.com | jkegley@finprofiles.com |
310.622.8246 |
环球通讯社,佛罗里达州奥兰多,2022年10月18日--垂直农业公司卡莱拉公共有限公司(纳斯达克代码:KAL,KALWW;“卡莱拉”或“公司”)今天宣布,它打算剥离其子公司Vindara及其国际业务的资产。Vindara预计将继续为Kalera的战略定制种子需求提供服务,并为其他室内农业公司提供服务。国际业务包括之前的GmbH管理团队,以及科威特和新加坡的农业资产。
卡莱拉首席执行官吉姆·莱顿、总裁兼首席执行官吉姆·莱顿表示:“我们预计,这些资产剥离将满足我们在9月份宣布的战略,使我们的美国农场以比预期更快的速度实现正现金流,同时降低所有卡莱拉控股公司的资本金要求。”
这将使总部位于奥兰多的管理团队能够将所有努力集中在美国农场,并降低每月的现金消耗率。
“这些交易符合我们在上个月的分析师和投资者活动中讨论的轻资本业务模式,”Leighton说。这将使我们能够继续专注于使我们的美国农场更快地实现正现金流,同时减少我们的资本要求。“
关于卡莱拉
作为受控环境农业的领导者,卡莱拉的动力来自于我们的信念,即垂直农业可以在确保面临气候变化和对传统农业未来的担忧的日益增长的世界人口获得新鲜农产品方面发挥重要作用。通过我们的专利技术,我们一年四季可持续地种植本地的、美味的、营养丰富的、不含农药的非转基因绿叶蔬菜。我们的自动化、数据驱动、水培垂直农场与传统农业相比,产量更高,用水量减少约95%,土地减少99%。我们的绿叶蔬菜以卡莱拉品牌出售,比有机蔬菜更好,价格更具竞争力,始终考虑到最终消费者。Kalera总部设在佛罗里达州奥兰多,在奥兰多、佐治亚州亚特兰大、德克萨斯州休斯顿、科罗拉多州丹佛和科威特设有农场,其他农场正在开发中。欲了解更多信息,请访问网站。
前瞻性陈述
本新闻稿中包含的某些陈述并非历史事实,但就适用证券法的安全港条款而言,这些陈述是前瞻性陈述。前瞻性陈述通常伴随着诸如“相信”、“可能”、“将”、“估计”、“继续”、“预期”、“打算”、“预期”、“应该”、“将”、“计划”、“预测”、“潜在”、“似乎”、“寻求”、“未来”、“展望”等词语,以及预测或表明未来事件或趋势的类似表达,或者不是历史事件或趋势的陈述。
这些前瞻性陈述包括但不限于有关本文披露的交易的条款和条件、完成此类交易的时间的陈述。这些陈述是基于各种假设和/或对卡莱拉管理层目前的期望。这些前瞻性陈述仅供说明之用,不打算也不能被任何投资者或其他人作为对事实或可能性的担保、保证、预测或最终陈述。实际事件和情况很难或不可能预测,并将与假设有所不同。许多实际事件和情况都超出了卡雷拉的控制范围。这些前瞻性陈述会受到许多风险和不确定性的影响,包括但不限于总体经济、金融、法律、政治和商业条件以及国内外市场的变化;Kalera对其未来业务预期所依据的假设的变化;竞争对Kalera未来业务的影响;以及Kalera正在或可能参与的司法诉讼的结果。
如果风险成为现实或假设被证明是不正确的,实际结果可能与这些前瞻性陈述所暗示的结果大不相同。可能存在卡雷拉目前不知道或目前认为不重要的其他风险,这些风险也可能导致实际结果与前瞻性陈述中包含的结果大不相同。此外,前瞻性陈述反映了对未来事件的预期、假设、计划或预测,以及截至信息通报之日的看法。卡莱拉预计,随后发生的事件和发展将导致这些评估发生变化。然而,尽管Kalera可能会选择在未来某个时候更新这些前瞻性陈述,但除非适用法律要求,否则Kalera明确不承担任何这样做的义务。这些前瞻性陈述不应被视为代表卡莱拉在本书面来文日期之后的任何日期的评估。因此,不应过分依赖前瞻性陈述。
Contacts | |
卡莱拉PLC | 财务概况,Inc. |
阿帕纳·梅赫拉 | 朱莉·凯格利 |
邮箱:parna.mehra@klara.com | 邮箱:jkegley@finprofiles.com |
310.622.8246 |
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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