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Wide Open Agriculture Ltd. ( (AU:WOA) ) has shared an announcement.
Wide Open Agriculture Ltd. reported a significant increase in lupin protein sales, with a 226% rise quarter-on-quarter, supported by repeat orders from customers across various regions. The company is strategically expanding its German facility to double production capacity with minimal investment, and it has signed an exclusive distribution agreement with Univar Solutions to enter the Chinese market. A recent capital raise of $2.6 million will accelerate this market entry and boost sales. The company’s lupin protein isolate is gaining traction in the market, achieving premium pricing and being benchmarked against established proteins like whey.
More about Wide Open Agriculture Ltd.
Wide Open Agriculture Ltd. operates in the clean-label ingredients industry, focusing on high-performance products that benefit both people and the planet. The company specializes in lupin protein and oil, with a market focus on Europe, South America, Australia, and China.
YTD Price Performance: 58.33%
Average Trading Volume: 3,500,490
Technical Sentiment Signal: Sell
Current Market Cap: A$12.43M
For an in-depth examination of WOA stock, go to TipRanks’ Overview page.