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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 |
環球通訊社佛羅裡達州奧蘭多,2022年10月18日-垂直農業公司卡萊拉公共有限公司(納斯達克代碼:KAL,KALWW;“卡萊拉”或“公司”)今天宣佈,它打算剝離其子公司Vindara及其國際業務的資產。Vindara預計將繼續為Kalera的戰略定製種子需求提供服務,並為其他室內農業公司提供服務。國際業務包括之前的GmbH管理團隊,以及科威特和新加坡的農業資產。
卡萊拉首席執行官吉姆·萊頓、總裁兼首席執行官吉姆·萊頓表示:“我們預計,這些資產剝離將滿足我們在9月份宣佈的戰略,使我們的美國農場以比預期更快的速度實現正現金流,同時降低所有卡萊拉控股公司的資本金要求。”
這將使總部位於奧蘭多的管理團隊能夠將所有努力集中在美國農場,並降低每月的現金消耗率。
“這些交易符合我們在上個月的分析師和投資者活動中討論的輕資本業務模式,”Leighton說。這將使我們能夠繼續專注於使我們的美國農場更快地實現正現金流,同時減少我們的資本要求。“
關於卡萊拉
作為受控環境農業的領導者,卡萊拉的動力來自於我們的信念,即垂直農業可以在確保面臨氣候變化和對傳統農業未來的擔憂的日益增長的世界人口獲得新鮮農產品方面發揮重要作用。通過我們的專利技術,我們一年四季可持續地種植本地的、美味的、營養豐富的、不含農藥的非轉基因綠葉蔬菜。我們的自動化、數據驅動、水耕垂直農場與傳統農業相比,產量更高,用水量減少約95%,土地減少99%。我們的綠葉蔬菜以卡萊拉品牌出售,比有機蔬菜更好,價格更具競爭力,始終考慮到最終消費者。Kalera總部設在佛羅裡達州奧蘭多,在奧蘭多、佐治亞州亞特蘭大、德克薩斯州休斯頓、科羅拉多州丹佛和科威特設有農場,其他農場正在開發中。欲瞭解更多資訊,請訪問網站。
前瞻性陳述
本新聞稿中包含的某些陳述並非歷史事實,但就適用證券法的安全港條款而言,這些陳述是前瞻性陳述。前瞻性陳述通常伴隨著諸如“相信”、“可能”、“將”、“估計”、“繼續”、“預期”、“打算”、“預期”、“應該”、“將”、“計劃”、“預測”、“潛在”、“似乎”、“尋求”、“未來”、“展望”等詞語,以及預測或表明未來事件或趨勢的類似表達,或者不是歷史事件或趨勢的陳述。
這些前瞻性陳述包括但不限於有關本文披露的交易的條款和條件、完成此類交易的時間的陳述。這些陳述是基於各種假設和/或對卡萊拉管理層目前的期望。這些前瞻性陳述僅供說明之用,不打算也不能被任何投資者或其他人作為對事實或可能性的擔保、保證、預測或最終陳述。實際事件和情況很難或不可能預測,並將與假設有所不同。許多實際事件和情況都超出了卡雷拉的控制範圍。這些前瞻性陳述會受到許多風險和不確定性的影響,包括但不限於總體經濟、金融、法律、政治和商業條件以及國內外市場的變化;Kalera對其未來業務預期所依據的假設的變化;競爭對Kalera未來業務的影響;以及Kalera正在或可能參與的司法訴訟的結果。
如果風險成為現實或假設被證明是不正確的,實際結果可能與這些前瞻性陳述所暗示的結果大不相同。可能存在卡雷拉目前不知道或目前認為不重要的其他風險,這些風險也可能導致實際結果與前瞻性陳述中包含的結果大不相同。此外,前瞻性陳述反映了對未來事件的預期、假設、計劃或預測,以及截至資訊通報之日的看法。卡萊拉預計,隨後發生的事件和發展將導致這些評估發生變化。然而,儘管Kalera可能會選擇在未來某個時候更新這些前瞻性陳述,但除非適用法律要求,否則Kalera明確不承擔任何這樣做的義務。這些前瞻性陳述不應被視為代表卡萊拉在本書面來文日期之後的任何日期的評估。因此,不應過分依賴前瞻性陳述。
Contacts | |
卡萊拉PLC | 財務概況,Inc. |
阿帕納·梅赫拉 | 朱莉·凱格利 |
郵箱:parna.mehra@klara.com | 郵箱:jkegley@finprofiles.com |
310.622.8246 |
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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., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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