The market has welcomed the brutal honesty of Anthony Maslin, Chairman of Wide Open Agriculture (ASX: WOA), who took to LinkedIn to explain the food production company’s heavily discounted cap raise as the only alternative to entering voluntary administration. Yesterday, Wide Open Agriculture announced it would raise $10 million at $0.02 per share, despite WOA
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“I have more gray hair in my beard – and less overall hair of any color – after a year like we’ve just had,” Wide Open Agriculture (ASX: WOA) CEO Jay Albany remarked, reflecting on the Company’s 2023—the year in which it was suspended from the ASX for six months. Besides reeling under the impact
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The farming industry tests many of your abilities beyond the act of farming itself—there’s marketing, distribution, and even disease management. Between September 26 and 30, 2023, the Sydney Rock Oyster producer and supplier East 33’s (ASX: E33) Wallis Lake operations were plagued (literally and fiscally) with ill oysters. Consequently, the Wallis Lake operations, along with
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As Australia has continued its love affair with pet ownership which surged during the pandemic as a means of companionship, Apiam Animal Health (ASX: AHX) has continued to benefit from the trend across its 80 veterinary clinics across regional Australia, highlighted by a 22.6% increase in revenue across FY23. The boost delivered $192.8 million revenue
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In a move to revolutionise Vietnam’s agricultural sector, tech-driven plant nutrition company RLF AgTech (ASX: RLF) has announced a groundbreaking distribution agreement with Kona, a prominent distributor of agricultural products in the country. The deal, valued at $3.3 million over a span of five years, is set to transform the landscape of crop cultivation and
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The past year has cost Tasmanian food company Tasfoods (ASX: TFL) a pretty penny. In fact, the Company reported net loss after tax of $5.4 million, up nearly 300% on 1H FY21, driven by nearly all of its segments. That’s why, this quarter, it kept its focus on cost management initiatives, starting with its FY22
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